eBay Inc. (NASDAQ:EBAY) saw a downside of -0.75% to close Tuesday at $43.52 after subtracting -$0.33 on the day. The 5-day average trading volume is 4,312,400 shares of the company’s common stock. It has gained $43.94 in the past week and touched a new high 2 times within the past 5 days. An average of 6,376,860 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,469,950.
EBAY’s 1-month performance is -4.71% or -$0.74 on its low of $42.51 reached on 08/08/23. The company’s shares have touched a 52-week low of $35.92 and high of $52.23, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, EBAY has achieved 4.94% or $2.05 and has reached a new high 15 times. However, the current price is down -16.68% from the 52-week high price.
Insider Transactions
EBAY stock investors last saw insider trading activity on Jun 12.SPENCER REBECCA (VP, Chief Accounting Officer) most recently sold 2,193 shares at $45.85 per share on Jun 12. This transaction cost the insider $100,549. SVP, Chief People Officer, Boone Cornelius, sold 5,500 shares at a price of $44.67 on May 12. Then, on Feb 01, Director SWAN ROBERT HOLMES sold 20,000 shares at a price of $50.00 per share. This transaction amounted to $1,000,000.
Valuation Metrics
EBAY stock has a beta of 1.35. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.36 while the price-to-book (PB) in the most recent quarter is 4.41, with the price to cash flow ratio at 12.69.
eBay Inc.’s quick ratio for the period ended June 29 was 2.50, with the current ratio over the same period at 2.50. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.47, while the total debt to equity was 1.47.. In terms of profitability, the gross margin trailing 12 months is 72.40%. The trailing 12-month EBITDA margin is 27.65% while for the period ending June 29, eBay Inc.’s operating margin was 22.20%. The firm’s gross profit as reported stood at $7.12 billion against revenue of $9.79 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 410.53% to $171.0 million, while revenue of $567.0 million was -231.58% off the previous quarter. Analysts expected EBAY to announce $0.9 per share in earnings in its latest quarter, but it posted $0.94, representing a 4.40% surprise. EBITDA for the quarter stood at more than $619.0 million. EBAY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 14.69 billion, with total debt at $8.22 billion. Shareholders hold equity totaling $532.16 million.
Let’s look briefly at eBay Inc. (EBAY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 38.20% to suggest the stock is trending Neutral, with historical volatility in this time period at 59.53%.
The stock’s 5-day moving average is $43.56, reflecting a -0.09% or -$0.04 change from its current price. EBAY is currently trading -7.21% above its 20-day SMA, +6.64% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.23% and SMA200 by+15.10%.
Stochastic %K and %D was 11.21% and 10.52% and the average true range (ATR) pointed at 1.30. The RSI (14) points at 41.33%, while the 14-day stochastic is at 14.44% with the period’s ATR at 1.26. The stock’s 9-day MACD Oscillator is pointing at -0.36 and -2.08 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for eBay Inc. (NASDAQ: EBAY), Credit Suisse reiterated its an Outperform rating for the company but lifted their price target by $56 to $57. Analysts offering their rating for EBAY stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate EBAY as a “sell,”, while 20 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 6 have offered a “buy” rating.
What is EBAY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $34.00 and a high of $60.00, with their median price target at $48.00. Looking at these predictions, the average price target given by analysts is for eBay Inc. (EBAY) stock is $49.10.
