Summary
- eBay Inc. shows strong technical indicators with 100% buy signals, a 44.43% gain in the last year, and a Trend Seeker buy signal.
- Fundamental factors include a market cap of $31.85 billion, P/E ratio of 18.31, and expected revenue and earnings growth over the next five years.
- Analysts' sentiment is mixed with 5 strong buys, 3 buys, 24 holds, and 2 sells; consensus price target is $58.
- Barchart highlights eBay for its exceptional price appreciation but advises a disciplined investment strategy due to the stock's volatility.
The Chart of the Day belongs to the Internet retailer eBay (EBAY) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 7/29 the stock gained 17.85%.
eBay Inc., together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps. Its platforms enable users to list, sell, and buy various products. The company was founded in 1995 and is headquartered in San Jose, California.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 50.35+ Weighted Alpha
- 1.99 - 60 month Beta
- 44.43% gain in the last year
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 11 new highs and up 15.96% in the last month
- Relative Strength Index 81.58%
- Technical support level at $63.54
- Recently traded at $64.36 with 50 day moving average of $56.66
Fundamental Factors:
- Market Cap $31.85 billion
- P/E 18.31
- Dividend yield 1.67%
- Revenue expected to grow 2.00% this year and another 3.40% next year
- Earnings are estimated to increase 13.70% this year, an additional 7.30% next year and continue to compound at an annual rate of 8.39% for the next 5 years
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analyst gave 5 strong buy, 3 buy, 24 hold and 2 sell opinions on the stock
- Analysts' price targets are between $45 and $65 with a consensus of $58
- Value Line give the stock its highest rating of 1 and comments: "eBay posted good results in the first quarter of 2024. Both revenues and earnings per share exceeded our estimates. "
- CFRAs MarketScope rates the stock a 4 star buy with a price target of $65 and comments: "Our opinion is Buy. We see 2024 being a stronger year for EBAY, as the company recently returned to GMV growth and margin expansion."
- MorningStar rates the stock an average 3 star rating with Fair Value at $57 and comments:"We take a positive view of eBay's strategic framework. After divesting a number of noncore segments, its marketplace looks similar to the vibrant platform of the early 2000s, with the firm leaning into its core competency of price discovery for non-new, in-season wares."
- 98,190 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
