EBay Inc (NASDAQ: EBAY)’s stock price has plunge by 0.87relation to previous closing price of 61.89. Nevertheless, the company has seen a 3.65% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-06 that Amid market optimism, I recommend rotating into value-oriented stocks like eBay, which has shown strong Q3 results and a promising outlook. eBay’s Q3 earnings revealed a re-acceleration in GMV and revenue, boosting my confidence in its short-term potential and leading me to rate it a buy. Despite GMV and revenue accelerating in Q3, and the company guiding to continued GMV acceleration in Q4, shares of eBay slid post-earnings, creating a well-timed buying opportunity.
Is It Worth Investing in EBay Inc (NASDAQ: EBAY) Right Now?
EBay Inc (NASDAQ: EBAY) has a higher price-to-earnings ratio of 15.77x compared to its average ratio, The 36-month beta value for EBAY is at 1.34. 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.”
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The public float for EBAY is 477.37M, and currently, shorts hold a 4.42% of that float. The average trading volume for EBAY on November 12, 2024 was 4.81M shares.
EBAY’s Market Performance
The stock of EBay Inc (EBAY) has seen a 3.65% increase in the past week, with a -5.88% drop in the past month, and a 12.08% gain in the past quarter. The volatility ratio for the week is 2.16%, and the volatility levels for the past 30 days are at 1.99% for EBAY. The simple moving average for the last 20 days is -0.53% for EBAY stock, with a simple moving average of 14.53% for the last 200 days.
Analysts’ Opinion of EBAY
Many brokerage firms have already submitted their reports for EBAY stocks, with Bernstein repeating the rating for EBAY by listing it as a “Outperform.” The predicted price for EBAY in the upcoming period, according to Bernstein is $70 based on the research report published on November 05, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see EBAY reach a price target of $72. The rating they have provided for EBAY stocks is “Buy” according to the report published on October 23rd, 2024.
Cantor Fitzgerald gave a rating of “Neutral” to EBAY, setting the target price at $62 in the report published on September 05th of the current year.
EBAY Trading at -1.39% 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 -7.92% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares sank -6.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.63% upper at present.
During the last 5 trading sessions, EBAY rose by +3.65%, which changed the moving average for the period of 200-days by +46.24% in comparison to the 20-day moving average, which settled at $62.76. In addition, EBay Inc saw 43.12% 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 IANNONE JAMIE, who sale 5,625 shares at the price of $61.13 back on Nov 05 ’24. After this action, IANNONE JAMIE now owns 542,417 shares of EBay Inc, valued at $343,856 using the latest closing price.
IANNONE JAMIE, the President and CEO of EBay Inc, sale 5,625 shares at $59.91 during a trade that took place back on Nov 04 ’24, which means that IANNONE JAMIE is holding 548,042 shares at $336,994 based on the most recent closing price.
Stock Fundamentals for EBAY
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.72 for the gross margin
The net margin for EBay Inc stands at 0.2. The total capital return value is set at 0.18. Equity return is now at value 35.85, with 9.87 for asset returns.
Based on EBay Inc (EBAY), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 1.43. The interest coverage ratio of the stock is 18.8.
Currently, EBITDA for the company is 2.44 billion with net debt to EBITDA at 2.24. When we switch over and look at the enterprise to sales, we see a ratio of 3.51. The receivables turnover for the company is 10.44for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
In conclusion, EBay Inc (EBAY) has had a better 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.
