EBay Inc. (NASDAQ:EBAY) shares, rose in value on Friday, April 05, with the stock price up by 0.89% to the previous day’s close as strong demand from buyers drove the stock to $51.86.
Actively observing the price movement in the recent trading, the stock is buoying the session at $51.40. The value of beta (5-year monthly) is 1.31 whereas the PE ratio is 9.95 over 12-month period. Referring to stock’s 52-week performance, its high was $52.93, and the low was $37.17. On the whole, EBAY has fluctuated by 2.61% over the past month.
With the market capitalization of EBay Inc. currently standing at about $26.86 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 24, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 1.02, with its dividend yield at 1.97%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.11, which is expected to increase to $1.17 for fiscal year $4.31 and then to about $4.62 by fiscal year 2025. Data indicates that the EPS growth is expected to be 10.20% in 2025, while the next year’s EPS growth is forecast to be 7.20%.
Analysts have estimated the company’s revenue for the quarter at $2.33 billion, with a low estimate of $2.32 billion and a high estimate of $2.36 billion. According to the average forecast, sales growth in current quarter could jump down -7.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $9.49 billion, representing an increase of 1.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that EBAY’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.30, with the price of EBAY currently trading nearly 0.37% and 10.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.34, while the 7-day volatility ratio is showing 1.87% which for the 30-day chart, stands at 1.79%. Furthermore, EBay Inc. (EBAY)’s beta value is 1.32, and its average true range (ATR) is 0.98.
A comparison of EBay Inc. (EBAY) with its peers suggests the former has fared considerably weaker in the market. EBAY showed an intraday change of 0.89% in today’s session so far, and over the past year, it grew by 16.99%%.
Data on historical trading for EBay Inc. (NASDAQ:EBAY) indicates that the trading volumes over the past 10 days have averaged 5.35 million and over the past 3 months, they’ve averaged 6.86 million. According to company’s latest data on outstanding shares, there are 517.00 million shares outstanding.
Nearly 0.31% of EBay Inc.’s shares belong to company insiders and institutional investors own 91.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 19.31 million shares as on Mar 15, 2024, resulting in a short ratio of 2. According to the data, the short interest in EBay Inc. (EBAY) stood at 3.73% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 26.07 million. The stock has risen by 18.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EBAY stock heading into the next quarter.
