EBay Inc. (NASDAQ: EBAY) Is Up 22.05% Year-To-Date, Analysts Forecast Major Price Rally

EBay Inc. (NASDAQ:EBAY) traded at $53.24 at close of the session on Tuesday, July 23, made a downward move of -1.24% on its previous day’s price.

Looking at the stock we see that its previous close was $53.91 . The company has a trailing 12-month PE ratio of 10.64. In terms of its 52-week price range, EBAY has a high of $55.69 and a low of $37.17. The company’s stock has lost about -1.68% over that past 30 days.

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EBay Inc. has a market cap of $26.73 billion. With its Forward Dividend at 1.04 and a yield of 1.95%, the company’s investors could be anxious for the EBAY stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 1.12, with the EPS growth for the year raised at 4.69 for current year and 4.69 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 2.53B, with a low of 2.5B and a high of 2.56B. The median projection represents growth squeezing down to 0.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 10.28B, or 1.60% up from figures reported last year.

Based on estimates by 15 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 6 have rated the EBay Inc. (EBAY) stock as a Hold, while 8 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the EBAY stock currently stands at 1.34, and the current price level is -0.68% off its SMA20 and 0.16% from its 50-day simple moving average. The RSI (14) is pointing at 48.04 while the volatility over the past week is 2.03% and jumps to 2.04% over the past one month. The beta value is 1.31, while the average true range (ATR) is currently pointing at 1.11. The average price target for the stock over the next 12 months is $56, with the estimates having a low of $44 and a high of $90. These price ends are 17.36% and -69.05% off the current price level respectively, although investors could be excited at the prospect of a -5.18% if the EBAY share price touches on the median price of $56.

Coming back to EBay Inc. (NASDAQ:EBAY), we note that the average 3-month trading volume was 4.91 million, while that of the preceding 10-day period stands at 3.6 million. Current shares outstanding are 517.00 million.

The insiders hold 0.34% of the company’s shares while institutions hold 94.08%. The data shows that short shares as of 2024-06-28, stood at 24.95 million at a short ratio of 4.6. This represents a 5.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.63999975.6399997 short interest in shares outstanding on 2024-06-28. Shares short rose in June from the previous month at 22.75 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 22.05% up in year-to-date price movement.

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