EBay Inc. (NASDAQ:EBAY) finished Wednesday with a subtraction of -$0.6 to close at $42.89, a downside of -1.38 percent. An average of 7,338,580 shares of common stock have been traded in the last five days. There was a fall of -$0.80 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 5,450,635 shares traded, while the 50-day average volume stands at 5,582,506.
EBAY stock has decreased by -2.23% in the last month. The company shares reached their 1-month lowest point of $42.40 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $35.92 and a high of $52.23 in 52 weeks. It has reached a new high 15 times so far this year and achieved 3.42% or $1.42 in price. In spite of this, the price is down -17.88% from the 52-week high.
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Insider Transactions
EBAY stock investors should be aware that EBay Inc. (EBAY) stock had its last reported insider trading activity 9 days ago on Sep 19. In this transaction, the insider spent $213,394. SVP, Chief Product Officer, Garcia Edward O, disposed of 425 shares at a price of $43.63 on Sep 19. The insider now owns more than $18,543 worth of shares. Prior to that, SVP, Chief Product Officer Garcia Edward O went on to Sale 1,181 shares at $43.31 each on Aug 17. An amount of $51,149 was transacted.
Valuation Metrics
EBay Inc. (EBAY) has a trailing price-to-earnings (P/E) ratio of 17.32. The stock’s beta is 1.33. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.34, the price-to-book (PB) ratio at 4.34, and the price-to-cash flow ratio at 9.69.
Financial Health
The quick ratio of EBay Inc. for the three months ended June 29 was 2.45, and the current ratio was 2.45, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.54 and a total debt to equity ratio of 1.56 for the quarter ending June 29. EBay Inc.’s EBITDA margin for the year ending June 29 is 27.65%, while its operating margin for the same period stands at 21.35%. Its gross profit as reported stood at $7.12 billion compared to revenue of $9.79 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, EBay Inc.’s return on assets was 6.78%.
Earnings Surprise
For the three-month period that ended June 29, EBay Inc. had $7.72 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $171.0 million in the quarter, while revenues were grew 410.53%. The analyst consensus anticipated EBay Inc.’s latest quarter earnings to come in at $0.94 per share, but it turned out to be $0.97, a 3.20% surprise. For the quarter, EBITDA amounted to $619.0 million. Shareholders own equity worth $532.16 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at EBay Inc. (EBAY) price momentum. RSI 9-day as of the close on 27 September was 38.50%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.58%.
As of today, EBAY’s price is $43.45 -1.83% or -$0.80 from its 5-day moving average. EBAY is currently trading -3.23% lower than its 20-day SMA and -3.36% lower than its 100-day SMA. However, the stock’s current price level is -10.70% below the SMA50 and -2.26% below the SMA200.
The stochastic %K and %D were 33.16% and 32.98%, respectively, and the average true range (ATR) was 1.09. With the 14-day stochastic at 17.29% and the average true range at 1.04, the RSI (14) stands at 41.79%. The stock has reached -0.27 on the 9-day MACD Oscillator while the 14-day reading was at -0.28.
Analyst Ratings
Credit Suisse reiterated its an Outperform rating on EBay Inc. (NASDAQ: EBAY), but raised their price target to $56, indicating a potential price increase of 23.41% for the stock. The consensus rating for EBay Inc. (EBAY) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell EBAY, while 18 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 5 others rate it as a “buy”.
