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- 1 According to the Factiva data, eBay has been the most searched company in the US in the last 12 hours.
- 2 The company’s share price has been trading in a range for a long time.
eBay is a global e-commerce company that connects millions of buyers and merchandisers in more than 190 countries around the world. It offers a variety of goods and services, from deals to instant shopping, and also operates online classifieds and event ticket platforms. This company was established in 1995 by Pierre Omidyar. It has grown to become one of the most successful internet companies in history.
The Beta for the Ebay share is 1.47. It often means that the Ebay share price moves a bit more than the overall market. It leads to 530.683 Million floating shares of the EBAY company available for trading in the stock market.
The dividend yield per share by Ebay Inc. for the financial year 2022 is 0.88. The total dividend yield by the company for the year 2022 is 2.12%. Ebay Inc. has a very good debt/equity ratio of 175.57%. It follows up with a PE ratio of 18.10.
Ebay Inc. Stock Performance Analysis
The Ebay share has shown a very slight decline in revenue, resulting in $9.65 Billion for the year 2022. However, eBay experienced a net loss of $1.27B. It was -$2.18 Billion in the past year. The EBITDA for the company stands at 28% out of the total revenue of the company.
Technical Summary of EBAY Stock
The share price is trading below the majority of EMA’s and the oscillators are also indicating a sell signal on the stock. The financials of the company are decent but due to recent allegations, the experts are neutral on the stock.
EBAY Share Technical Analysis
The share price of the EBAY stock is consistently consolidating in a range, making bearish candlesticks. The stock is showing signs of sell-off. Due to consolidation, the stock price is showing uncertain behavior.
Due to range-bound momentum in the stock, the 50-day and the 200-day EMAs of the share are contracted to each other. Currently, the EMAs are following a death cross on the charts.
The RSI of the share is indicating bearishness on the charts as the RSI has declined below the oversold zones. The RSI is currently sustaining below the 50 level for a long time.
Conclusion
The share price of the EBAY is trading inside a consolidation range. The company is also facing multiple acquisitions from the DOJ. The share is trading below the EMAs and the RSI is also indicating bearishness.
Therefore, the share price can decline to further lower levels if it breaks below the consolidation zone. Till then the share price might stay volatile.
Technical Levels
- Support levels for the EBAY share are – $40.00 and $42.00
- Resistance levels for the EBAY share are – $50.00 and $52.00
Disclaimer
The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
