EBay Inc (NASDAQ: EBAY) Not A Good Play Anymore?

EBay Inc (EBAY) concluded trading on Wednesday at a closing price of $60.82, with 3.96 million shares of worth about $241.0 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.19% during that period and on November 20, 2024 the price saw a loss of about -0.46%. Currently the company’s common shares owned by public are about 517.00M shares, out of which, 477.37M shares are available for trading.

Stock saw a price change of -1.73% in past 5 days and over the past one month there was a price change of -3.95%. Year-to-date (YTD), EBAY shares are showing a performance of 39.43% which increased to 54.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $38.97 but also hit the highest price of $67.80 during that period. The average intraday trading volume for EBay Inc shares is 4.79 million. The stock is currently trading -1.13% below its 20-day simple moving average (SMA20), while that difference is down -4.36% for SMA50 and it goes to 10.19% higher than SMA200.

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EBay Inc (NASDAQ: EBAY) currently have 517.00M outstanding shares and institutions hold larger chunk of about 94.53% of that.

The stock has a current market capitalization of $29.13B and its 3Y-monthly beta is at 1.34. PE ratio of stock for trailing 12 months is 15.36, while it has posted earnings per share of $3.96 in the same period. Its PEG reads 2.56 and has Quick Ratio of 1.25 while making debt-to-equity ratio of 1.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EBAY, volatility over the week remained 1.87% while standing at 2.10% over the month.

Stock’s fiscal year EPS is expected to rise by 13.93% while it is estimated to increase by 8.57% in next year. EPS is likely to shrink at an annualized rate of 6.00% for next 5-years, compared to annual growth of 15.28% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Bernstein on November 05, 2024 offering an Outperform rating for the stock and assigned a target price of $70 to it. Coverage by Needham stated EBay Inc (EBAY) stock as a Buy in their note to investors on October 23, 2024, suggesting a price target of $72 for the stock. Stock get a Neutral rating from JP Morgan on June 25, 2024.

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