EBay Inc. (NASDAQ: EBAY) has a higher price-to-earnings ratio of 9.78x compared to its average ratio. EBAY has 36-month beta value of 1.31. Analysts have mixed views on the stock, with 10 analysts rating it as a “buy,” 6 as “overweight,” 20 as “hold,” and 2 as “sell.”
The public float for EBAY is 516.41M, and currently, short sellers hold a 3.50% ratio of that float. The average trading volume of EBAY on April 23, 2024 was 6.78M shares.
EBAY) stock’s latest price update
The stock of EBay Inc. (NASDAQ: EBAY) has increased by 1.09 when compared to last closing price of 50.39.Despite this, the company has seen a gain of 0.10% in its stock price over the last five trading days. Schaeffers Research reported 2024-04-18 that E-commerce stock eBay Inc (NASDAQ:EBAY) is 3.9% higher in premarket trading, following a bull note from Morgan Stanley.
EBAY’s Market Performance
EBay Inc. (EBAY) has seen a 0.10% rise in stock performance for the week, with a -2.04% decline in the past month and a 24.06% surge in the past quarter. The volatility ratio for the week is 2.17%, and the volatility levels for the past 30 days are at 1.74% for EBAY.. The simple moving average for the past 20 days is -0.89% for EBAY’s stock, with a 14.88% simple moving average for the past 200 days.
Analysts’ Opinion of EBAY
Many brokerage firms have already submitted their reports for EBAY stocks, with Morgan Stanley repeating the rating for EBAY by listing it as a “Overweight.” The predicted price for EBAY in the upcoming period, according to Morgan Stanley is $962 based on the research report published on April 18, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see EBAY reach a price target of $62, previously predicting the price at $35. The rating they have provided for EBAY stocks is “Overweight” according to the report published on April 18th, 2024.
Mizuho gave a rating of “Neutral” to EBAY, setting the target price at $40 in the report published on January 17th of the current year.
EBAY Trading at 3.97% 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 -3.76% of loss for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares sank -0.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.23% upper at present.
During the last 5 trading sessions, EBAY rose by +0.10%, which changed the moving average for the period of 200-days by +16.17% in comparison to the 20-day moving average, which settled at $51.38. In addition, EBay Inc. saw 16.78% 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
To put it simply, EBay Inc. (EBAY) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
