Stocks of EBay Inc. (NASDAQ:EBAY) traded higher last session on Wall Street, up 0.92% to $51.82.
EBAY stock price is now 16.34% away from the 50-day moving average and 18.93% away from the 200-day moving average. The market capitalization of the company currently stands at $26.84B.
With the price target reduced from $42 to $40, Mizuho maintained Neutral rating for EBay Inc. (NASDAQ: EBAY). , while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’
In other news, SPENCER REBECCA, VP, Chief Accounting Officer sold 2,278 shares of the company’s stock on Mar 01 ’24. The stock was sold for $107,522 at an average price of $47.20. Upon completion of the transaction, the VP, Chief Accounting Officer now directly owns 3,815 shares in the company, valued at $0.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’24, SVP, Chief Product Officer Garcia Edward O sold 1,165 shares of the business’s stock. A total of $50,130 was realized by selling the stock at an average price of $43.03. This leaves the insider owning 31,888 shares of the company worth $1.65 million. A total of 0.28% of the company’s stock is owned by insiders.
During the past 12 months, EBay Inc. has had a low of $37.17 and a high of $52.82. As of last week, the company has a debt-to-equity ratio of 1.29, a current ratio of 2.44, and a quick ratio of 2.44. According to the stock market information, the enterprise value for the company is $25.81B, which is based on a 9.95 price-to-earnings ratio, a 1.30 price-to-earnings-growth ratio, and a beta of 1.31. The fifty day moving average price for EBAY is $44.54 and a two-hundred day moving average price translates $43.57 for the stock.
The latest earnings results from EBay Inc. (NASDAQ: EBAY) was released for Dec, 2023. According to the Internet Retail Company, earnings per share came in at $1.07, beating analysts’ expectations of $1.03 by 0.04. This compares to $0.00 EPS in the same period last year. The net profit margin was 27.52% and return on equity was 48.06% for EBAY. The company reported revenue of $2.56 billion for the quarter, compared to $2.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.07 percent. For the current quarter, analysts expect EBAY to generate $2.53B in revenue.
