EBAY Stock Summary and Trading Ideas (Ebay | NASDAQ:EBAY)

EBay operates one of the largest e-commerce marketplaces in the world, with $73 billion in 2023 gross merchandise volume, or GMV, rendering the firm a top 10 global e-commerce company. The company generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 130 million buyers and roughly 20 million sellers across almost 190 global markets at the end of 2023. eBay generates just north of 50% of its GMV in international markets, with a large presence in the U.K., Germany, and Australia.

Ebay trades on the NASDAQ stock market under the symbol EBAY.

As of April 25, 2024, EBAY stock price climbed to $51.34 with 4,272,629 million shares trading.

EBAY has a beta of 0.96, meaning it tends to be less sensitive to market movements. EBAY has a correlation of 0.21 to the broad based SPY ETF.

EBAY has a market cap of $26.65 billion. This is considered a Large Cap stock.

Last quarter Ebay reported $3 billion in Revenue and $1.07 earnings per share. This beat revenue expectation by $52 million and exceeded earnings estimates by $.04.

In the last 3 years, EBAY stock traded as high as $81.19 and as low as $35.92.

The top ETF exchange traded funds that EBAY belongs to (by Net Assets): VTI, VOO, VO, COWZ, SPY.

EBAY has underperformed the market in the last year with a price return of +19.4% while the SPY ETF gained +23.6%. However, in the short term, EBAY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +24.0% vs +4.1% return in SPY. But in the last 2 weeks, EBAY shares have been beat by the market, returning -2.1% compared to an SPY return of -2.1%.

EBAY support price is $50.46 and resistance is $51.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EBAY stock will trade within this expected range on the day.