EBay Inc. (NASDAQ: EBAY)’s stock price has plunge by -0.82relation to previous closing price of 51.31. Nevertheless, the company has seen a -1.34% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that EBAY enters into a definitive agreement with Collectors to acquire the latter’s subsidiary for trading cards and collectibles, Goldin, expanding its collectibles portfolio.
Is It Worth Investing in EBay Inc. (NASDAQ: EBAY) Right Now?
EBay Inc. (NASDAQ: EBAY) has a higher price-to-earnings ratio of 9.77x compared to its average ratio, The 36-month beta value for EBAY is at 1.32. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 6 rating it as “overweight,” 20 as “hold,” and 2 as “sell.”
The public float for EBAY is 516.41M, and currently, shorts hold a 3.50% of that float. The average trading volume for EBAY on April 16, 2024 was 6.85M shares.
EBAY’s Market Performance
The stock of EBay Inc. (EBAY) has seen a -1.34% decrease in the past week, with a -2.60% drop in the past month, and a 23.49% gain in the past quarter. The volatility ratio for the week is 1.59%, and the volatility levels for the past 30 days are at 1.64% for EBAY. The simple moving average for the last 20 days is -1.80% for EBAY stock, with a simple moving average of 15.11% for the last 200 days.
Analysts’ Opinion of EBAY
Many brokerage firms have already submitted their reports for EBAY stocks, with Mizuho repeating the rating for EBAY by listing it as a “Neutral.” The predicted price for EBAY in the upcoming period, according to Mizuho is $40 based on the research report published on January 17, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see EBAY reach a price target of $38. The rating they have provided for EBAY stocks is “Sell” according to the report published on January 10th, 2024.
BMO Capital Markets gave a rating of “Market Perform” to EBAY, setting the target price at $49 in the report published on January 09th of the current year.
EBAY Trading at 5.64% from the 50-Day Moving Average
After a stumble in the market that brought EBAY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.85% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares sank -2.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.04% upper at present.
During the last 5 trading sessions, EBAY fell by -1.34%, which changed the moving average for the period of 200-days by +13.49% in comparison to the 20-day moving average, which settled at $51.76. In addition, EBay Inc. saw 16.67% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EBAY starting from SPENCER REBECCA, who sale 2,278 shares at the price of $47.20 back on Mar 01 ’24. After this action, SPENCER REBECCA now owns 3,815 shares of EBay Inc., valued at $107,522 using the latest closing price.
Garcia Edward O, the SVP, Chief Product Officer of EBay Inc., sale 1,165 shares at $43.03 during a trade that took place back on Feb 20 ’24, which means that Garcia Edward O is holding 31,888 shares at $50,130 based on the most recent closing price.
Stock Fundamentals for EBAY
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.72 for the gross margin
The net margin for EBay Inc. stands at 0.27. The total capital return value is set at 0.12. Equity return is now at value 48.06, with 13.07 for asset returns.
Based on EBay Inc. (EBAY), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 1.23. The interest coverage ratio of the stock is 17.57.
Currently, EBITDA for the company is 2.44 billion with net debt to EBITDA at 5.06. When we switch over and look at the enterprise to sales, we see a ratio of 3.23. The receivables turnover for the company is 8.38for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.44.
Conclusion
In conclusion, EBay Inc. (EBAY) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
