eBay Inc. [EBAY] Is Currently -3.17 below its 200 Period Moving Avg: What Dose This Mean?

eBay Inc. [NASDAQ: EBAY] loss -3.17% or -2.07 points to close at $63.26 with a heavy trading volume of 11254611 shares. The company report on June 2, 2021 that eBay Launches Authentication for Luxury Handbags.

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Authenticity Guarantee’ service expands to include all handbags sold on eBay for $500+ from top-selling brands like Louis Vuitton, Hermès, Chanel and more.

As the marketplace’s luxury categories continue to gain momentum with recent quarter over quarter growth, eBay announces the expansion of its Authenticity Guarantee service to include handbags. Beginning, new and pre-owned handbags sold for more than $500 from 16 prominent luxury brands, including Saint Laurent, Gucci, Celine, Balenciaga, among others, will be professionally authenticated. The announcement builds on eBay’s authentication program, which initially launched with luxury watches $2,000+ and was fast followed by sneakers $100+ in late 2020.

It opened the trading session at $64.84, the shares rose to $64.925 and dropped to $63.14, the range by which the price of stock traded the whole day. The daily chart for EBAY points out that the company has recorded 17.91% gains over the past six months. However, it is still -39.46% lower than its most recent low trading price.

If we look at the average trading volume of 7.59M shares, EBAY reached to a volume of 11254611 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about eBay Inc. [EBAY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EBAY shares is $69.32 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EBAY stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wedbush have made an estimate for eBay Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 29, 2021. While these analysts kept the previous recommendation, Susquehanna dropped their target price from $75 to $66. The new note on the price target was released on April 29, 2021, representing the official price target for eBay Inc. stock. Previously, the target price had yet another raise to $65, while Evercore ISI analysts kept a In-line rating on EBAY stock.

The Average True Range (ATR) for eBay Inc. is set at 1.47, with the Price to Sales ratio for EBAY stock in the period of the last 12 months amounting to 3.99. The Price to Book ratio for the last quarter was 11.42, with the Price to Cash per share for the same quarter was set at 4.75.

Trading performance analysis for EBAY stock

eBay Inc. [EBAY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.76. With this latest performance, EBAY shares gained by 5.80% in over the last four-week period, additionally plugging by 17.91% over the last 6 months – not to mention a rise of 30.59% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EBAY stock in for the last two-week period is set at 48.76, with the RSI for the last a single of trading hit 41.62, and the three-weeks RSI is set at 51.32 for eBay Inc. [EBAY]. The present Moving Average for the last 50 days of trading for this stock 61.98, while it was recorded at 65.31 for the last single week of trading, and 56.27 for the last 200 days.

eBay Inc. [EBAY]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and eBay Inc. [EBAY] shares currently have an operating margin of +26.35 and a Gross Margin at +75.62. eBay Inc.’s Net Margin is presently recorded at +24.79.

Return on Total Capital for EBAY is now 23.50, given the latest momentum, and Return on Invested Capital for the company is 23.34. Return on Equity for this stock inclined to 79.05, with Return on Assets sitting at 13.56. When it comes to the capital structure of this company, eBay Inc. [EBAY] has a Total Debt to Total Equity ratio set at 228.67. Additionally, EBAY Total Debt to Total Capital is recorded at 69.57, with Total Debt to Total Assets ending up at 42.17. Long-Term Debt to Equity for the company is recorded at 228.17, with the Long-Term Debt to Total Capital now at 69.42.

Reflecting on the efficiency of the workforce at the company, eBay Inc. [EBAY] managed to generate an average of $200,157 per employee. Receivables Turnover for the company is 7.65 with a Total Asset Turnover recorded at a value of 0.55.eBay Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.

eBay Inc. [EBAY]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, eBay Inc. posted 1.02/share EPS, while the average EPS was predicted by analysts to be reported at 1.06/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -3.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EBAY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for eBay Inc. go to 13.18%.

An analysis of insider ownership at eBay Inc. [EBAY]

There are presently around $37,758 million, or 90.50% of EBAY stock, in the hands of institutional investors. The top three institutional holders of EBAY stocks are: VANGUARD GROUP INC with ownership of 50,186,498, which is approximately -0.384% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 46,710,053 shares of the stock with an approximate value of $2.95 billion in EBAY stocks shares; and STATE STREET CORP, currently with $1.88 billion in EBAY stock with ownership of nearly -3.145% of the company’s market capitalization.

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Positions in eBay Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 527 institutional holders increased their position in eBay Inc. [NASDAQ:EBAY] by around 44,470,699 shares. Additionally, 468 investors decreased positions by around 65,571,750 shares, while 171 investors held positions by with 486,823,774 shares. The mentioned changes placed institutional holdings at 596,866,223 shares, according to the latest SEC report filing. EBAY stock had 138 new institutional investments in for a total of 10,604,849 shares, while 103 institutional investors sold positions of 3,323,705 shares during the same period.

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