In the last trading session, 3.12 million shares of the EBay Inc. (NASDAQ:EBAY) were traded, and its beta was 1.32. Most recently the company’s share price was $63.10, and it changed around -$0.49 or -0.77% from the last close, which brings the market valuation of the company to $30.86B. EBAY currently trades at a discount to its 52-week high of $67.80, offering almost -7.45% off that amount. The share price’s 52-week low was $37.17, which indicates that the current value has risen by an impressive 41.09% since then. We note from EBay Inc.’s average daily trading volume that its 10-day average is 3.94 million shares, with the 3-month average coming to 4.76 million.
EBay Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.55. If we narrow it down even further, the data shows that 2 out of 38 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 20 recommended EBAY as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. EBay Inc. is expected to report earnings per share of 1.18 for the current quarter.
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EBay Inc. (NASDAQ:EBAY) trade information
Instantly EBAY has showed a red trend with a performance of -0.77% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 65.36 on recent trading dayincreased the stock’s daily price by 3.46%. The company’s shares are currently up 44.66% year-to-date, but still down -2.85% over the last five days. On the other hand, EBay Inc. (NASDAQ:EBAY) is -1.31% down in the 30-day period. We can see from the shorts that 21.09 million shares have been sold at a short interest cover period of 4.12 day(s).
The consensus price target as assigned by Wall Street analysts is $59.5, which translates to bulls needing to decrease their stock price by -6.05% from its current value. Analyst projections state that EBAY is forecast to be at a low of $44 and a high of $90.
EBay Inc. (EBAY) estimates and forecasts
EBay Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 21.30 percent over the past six months and at a 14.15% annual growth rate that is well below the industry average of 16.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 14.60% in revenue this quarter, and will report an increase of 14.00% in the next quarter. The year-over-year growth rate is expected to be 2.00%, up from the previous year.
Consensus estimates provided by 24 financial analysts predict the company will bring in an average of 2.55B in revenue for the current quarter. 24 analysts expect EBay Inc. to make 2.65B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.5B and 2.56B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1.80%. Forecasts for the next quarter put sales growth at 3.30%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 15.28%. EBay Inc. earnings are expected to increase by 13.94% in 2024, but the outlook is positive 5.20% per year for the next five years.
EBAY Dividends
EBay Inc.’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 1.68 percent and its annual dividend per share was 1.06. It is important to note, however, that the 1.68% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.63 per year.
EBay Inc. (NASDAQ:EBAY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.27% of EBay Inc. shares, and 96.74% of them are in the hands of institutional investors. The stock currently has a share float of 97.00%. EBay Inc. stock is held by 1424.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 12.0319% of the shares, which is about 62.08 million shares worth $3.34 billion.
BLACKROCK INC., with 7.464% or 38.51 million shares worth $2.07 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
