EBay Inc. (NASDAQ:EBAY) saw an upside of 1.82% to $43.92 after adding $0.79 on Monday. The 5-day average trading volume is 6,503,985 shares of the company’s common stock. It has gained $45.21 in the past week and touched a new high 3 times within the past 5 days. An average of 5,237,062 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,545,170.
EBAY’s 1-month performance is 1.80% or $0.27 on its low of $42.57 reached on 09/25/23. 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 5.90% or $2.39 and has reached a new high 15 times. However, the current price is down -15.92% from the 52-week high price.
Insider Transactions
EBAY stock investors last saw insider trading activity on Sep 19.Boone Cornelius (SVP, Chief People Officer) most recently sold 4,891 shares at $43.63 per share on Sep 19. This transaction cost the insider $213,394. SVP, Chief Product Officer, Garcia Edward O, sold 425 shares at a price of $43.63 on Sep 19. Then, on Aug 17, SVP, Chief Product Officer Garcia Edward O sold 1,181 shares at a price of $43.31 per share. This transaction amounted to $51,149.
Valuation Metrics
EBAY stock has a beta of 1.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.39 while the price-to-book (PB) in the most recent quarter is 4.44, with the price to cash flow ratio at 9.92.
EBay Inc.’s quick ratio for the period ended June 29 was 2.45, with the current ratio over the same period at 2.45. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.54, while the total debt to equity was 1.56. In terms of profitability, the gross margin trailing 12 months is 71.78%. The trailing 12-month EBITDA margin is 27.65% while for the period ending June 29, EBay Inc.’s operating margin was 21.35%. 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 $0.99 per share in earnings in its latest quarter, but it posted $1.03, representing a 4.00% 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 22 September was 50.48% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.95%.
The stock’s 5-day moving average is $43.64, reflecting a -0.11% or -$0.05 change from its current price. EBAY is currently trading +0.62% above its 20-day SMA, -2.79% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -5.68% and SMA200 by+1.18%.
Stochastic %K and %D was 34.38% and 32.52% and the average true range (ATR) pointed at 1.08. The RSI (14) points at 49.35%, while the 14-day stochastic is at 48.86% with the period’s ATR at 1.03. The stock’s 9-day MACD Oscillator is pointing at -0.23 and -0.11 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 18 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 5 have offered a “buy” rating.
