The stock of EBay Inc. (EBAY) has gone down by -2.46% for the week, with a -1.26% drop in the past month and a 0.78% rise in the past quarter. The volatility ratio for the week is 2.35%, and the volatility levels for the past 30 days are 2.15% for EBAY. The simple moving average for the past 20 days is -1.56% for EBAY’s stock, with a 14.13% simple moving average for the past 200 days.
Is It Worth Investing in EBay Inc. (NASDAQ: EBAY) Right Now?
EBay Inc. (NASDAQ: EBAY) has a price-to-earnings ratio of 10.52x that is above its average ratio. Additionally, the 36-month beta value for EBAY is 1.31. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 6 rating it as “overweight,” 20 rating it as “hold,” and 2 rating it as “sell.”
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The public float for EBAY is 500.30M and currently, short sellers hold a 5.20% ratio of that float. The average trading volume of EBAY on July 02, 2024 was 5.15M shares.
EBAY) stock’s latest price update
EBay Inc. (NASDAQ: EBAY)’s stock price has decreased by -1.94 compared to its previous closing price of 53.72. However, the company has seen a -2.46% decrease in its stock price over the last five trading sessions. investorplace.com reported 2024-06-24 that There has been cooling inflation in recent months. However, the United States has still been fighting to control inflation rates.
Analysts’ Opinion of EBAY
Many brokerage firms have already submitted their reports for EBAY stocks, with JP Morgan repeating the rating for EBAY by listing it as a “Neutral.” The predicted price for EBAY in the upcoming period, according to JP Morgan is $60 based on the research report published on June 25, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see EBAY reach a price target of $64. The rating they have provided for EBAY stocks is “Buy” according to the report published on June 06th, 2024.
Morgan Stanley gave a rating of “Overweight” to EBAY, setting the target price at $962 in the report published on April 18th of the current year.
EBAY Trading at 0.74% 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 -4.82% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 2.35%, as shares sank -2.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.47% upper at present.
During the last 5 trading sessions, EBAY fell by -2.46%, which changed the moving average for the period of 200-days by +20.52% in comparison to the 20-day moving average, which settled at $53.44. In addition, EBay Inc. saw 20.77% 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 Boone Cornelius, who sale 3,985 shares at the price of $52.85 back on Jun 18 ’24. After this action, Boone Cornelius now owns 68,765 shares of EBay Inc., valued at $210,607 using the latest closing price.
Garcia Edward O, the SVP, Chief Product Officer of EBay Inc., sale 986 shares at $52.85 during a trade that took place back on Jun 18 ’24, which means that Garcia Edward O is holding 37,126 shares at $52,110 based on the most recent closing price.
Stock Fundamentals for EBAY
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.72 for the gross margin
The net margin for EBay Inc. stands at 0.26. The total capital return value is set at 0.14. Equity return is now at value 45.37, with 12.77 for asset returns.
Based on EBay Inc. (EBAY), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 1.25. The interest coverage ratio of the stock is 14.23.
Currently, EBITDA for the company is 2.44 billion with net debt to EBITDA at 4.35. When we switch over and look at the enterprise to sales, we see a ratio of 3.19. The receivables turnover for the company is 7.85for 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 1.99.
Conclusion
In conclusion, EBay Inc. (EBAY) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
