Bernstein has recently raised eBay Inc (EBAY) stock to Outperform rating, as announced on Today, according to Finviz. Earlier, on October 23, 2024, Needham had resumed the stock to Buy, setting a price target of $72. Cantor Fitzgerald also initiated Neutral rating with a price target of $62. Additionally, Wolfe Research initiated Peer Perform rating on July 16, 2024. JP Morgan analysts, in their report published on June 25, 2024, also resumed Neutral rating and set a price target of $48 for eBay Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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eBay Inc (EBAY) Stock Trading Recap
On Tuesday, eBay Inc (EBAY) stock saw a modest uptick, ending the day at $61.51 which represents a slight increase of $1.28 or 2.13% from the prior close of $60.23. The stock opened at $60.73 and touched a low of $60.58 during the day, reaching a high of $61.57. The volume of shares traded was 5.23 million exceeding the average volume of 4.82 million.
EBAY Stock Performance and Moving Averages
In recent trading, eBay Inc (EBAY) stock price has shown some volatility, fluctuating -2.01% over the last five trades and -7.88% 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 22.85%, and it has gained 11.61% in the previous three months. Currently, EBAY is trading at -3.44%, -2.46%, and 13.67% 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 -9.28% below its 52-week high but remains 65.48% above its 52-week low. The Average True Range (ATR) (14 days) of 1.47 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 25.36% and a profit margin of 19.64%, with a gross margin of 22.85%. 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 $29.46 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 15.54, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 11.74. Additionally, the Price-to-Sales Ratio is 2.86, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 5.47, 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 97.78%.
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.
