Investors Await eBay Gift Giving
FSM News | Dec 08, 2016 07:50AM ET
eBay Inc. (NASDAQ:EBAY) recently posted -0.49 percent change and stood at $28.21, which is 31.09 percent away from its 52-week low and is down by -15 percent from its peak. It posted a 5-day performance of -1.05 percent, which changed hands at an average volume of approximately 10.53 million shares.
The stock’s 1-month performance stood at 0.93 percent and is 2.66 percent year-to-date at the close. Additionally, its outstanding shares settled at 1.08 billion, sending its market capitalization at $30.39 billion. The share price hit -0.77 percent versus its SMA20, -5.23 percent versus its SMA50, and 3.48 percent versus its SMA200.
Subsequently, there were reports claiming that almost three-quarters of Americans are more excited to practice gift giving to a charity. eBay Inc.’s Giving Tuesday makes it easier than ever for shoppers give a hand to those that matter most by delivering various selection of gifts, which backs nonprofits.
eBay Inc: Among Investors’ Watch List
eBay Inc. reported its financial earnings for the last quarter on October 19, 2016. The company belongs to Retail-Wholesale sector, which dropped by about -0.49% in value after settling at $28.21 in the last trading session. Meanwhile, the company’s stock achieved 9.3 percent Return on Assets (ROA), 27.6 percent Return on Equity (ROE) and 13 percent Return on Investment (ROI).
The retail giant’s 52-week high reached $33.19 on September 29, 2016, while its 52-week low stood at $21.52 on February 8, 2016. eBay Inc.’s earnings per share (EPS) stood at $1.59, according to the data. The quarterly growth forecast for the retail giant is 8 percent, while the estimated growth forecast for the next quarter is 8.5 percent. Evidently, the company’s stock has grown by about -2.53 percent in the last five years.
Thus, analysts are expecting the company to grow by 7.7 percent in the next five more years.
Analysts’ Recommendations
Shares of eBay Inc. declined -0.49% to settle at $28.21 on Tuesday, with the stock price trading in a range between $28.03 – $29.39. The stock traded approximately 10.39 million shares, beating its average daily volume of 9.83 million shares.
Analysts have set a mean recommendation of 2.60 on eBay Inc.’s stock, with less than 2 being as “Buy” rating, 3 as “Hold” rating, 4 as “Sell” rating, and 5 as “Strong Sell” rating. Moreover, the stock is likely positioning below its 52-week highs and is down by -2.56% for the last five trading sessions.
Current Stance of eBay Inc. Stocks
The chart below illustrates eBay Inc. stock’s movement ahead of reporting its financial earnings for the last quarter, including eBay’s Giving Tuesday Charity Shop. Given a bullish tone on the stock, it is shown here that the stock is likely attempting a consolidation below resistance 28.98 in a light trading volume. Thus, the stock is still prone to an upside bias after a four consecutive stocks on the green movement during earlier sessions.
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Conclusion
As shares of eBay Inc. are currently in a bullish tone, market participants are recommended to wait on the sidelines as there aren’t any supporting candles present as of today’s session.
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