Cantor Fitzgerald has recently initiated eBay Inc (EBAY) stock to Neutral rating, as announced on September 5, 2024, according to Finviz. Earlier, on July 16, 2024, Wolfe Research had initiated the stock to Peer Perform. JP Morgan also resumed Neutral rating with a price target of $60. Additionally, Citigroup resumed Buy rating on June 6, 2024, with a target price of $64. Morgan Stanley analysts, in their report published on April 18, 2024, also raised Overweight rating and set a price target of $962 for eBay Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
eBay Inc (EBAY) Stock Trading Recap
On Monday, eBay Inc (EBAY) stock saw a decline, ending the day at $64.16 which represents a decrease of $-0.79 or -1.22% from the prior close of $64.95. The stock opened at $64.82 and touched a low of $64.02 during the day, reaching a high of $65.36. The volume of shares traded was 3.38 million falling short of the average volume of 4.78 million.
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EBAY Stock Performance and Moving Averages
In recent trading, eBay Inc (EBAY) stock price has shown some volatility, fluctuating -4.07% over the last five trades and 2.30% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 25.95%, and it has gained 20.51% in the previous three months. Currently, EBAY is trading at -2.33%, 3.44%, and 21.05% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, EBAY, a Consumer Cyclical sector stock, is trading -5.37% below its 52-week high but remains 72.61% above its 52-week low. The Average True Range (ATR) (14 days) of 1.17 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
eBay Inc’s Profitability and Valuation Ratios
eBay Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 23.11% and a profit margin of 26.39%, with a gross margin of 25.95%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, eBay Inc’s market capitalization stands at $31.37 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 12.51, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 12.34. Additionally, the Price-to-Sales Ratio is 3.08, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 5.74, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.34% of eBay Inc (EBAY)’s shares, while financial institutions hold 95.79%.
Notable insider trades include IANNONE JAMIE, President and CEO at eBay Inc (EBAY), who sold 5625 shares on Oct 07 ’24, at $66.56 each, totaling $0.37 million. On Oct 04 ’24, IANNONE JAMIE, President and CEO, sold 5625 shares for $66.09 each, amounting to $0.37 million. Additionally, on Sep 17 ’24, Boone Cornelius sold 3974 shares at $64.61 each, generating $0.26 million.
