An e-commerce war that’s surfaced recently might turn into a legal battle. eBay has alleged that Amazon poached sellers by misusing an internal messaging system called M2M.
In a lawsuit filed against Amazon in Santa Clara County on Wednesday, eBay mentions, "Amazon's misuse of eBay's M2M system has been coordinated, targeted, and designed to inflict harm on eBay," while adding, "Indeed, one of the Amazon sales representatives who participated in this scheme described the team he worked on as a 'hunter/recruiter team which actively searches for sellers we believe can do well on the [Amazon] platform.'"
eBay’s revenues were $2.6 billion last quarter, compared to Amazon's $52.9 billion. On Amazon’s website, third-party sellers (who set prices for their own products, versus wholesaling to Amazon) now account for more than half the units sold on the e-platform.
According to eBay's accusation, Amazon is "unwilling to fairly compete for third party seller business." eBay says that it was alerted by one of its sellers about the issue a few weeks back.
The 10-day RSI Oscillator for EBAY moved out of overbought territory on May 01, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 instances where the indicator moved out of the overbought zone. In of the 31 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
The Momentum Indicator moved below the 0 level on May 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on EBAY as a result. In of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for EBAY turned negative on May 16, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .
EBAY moved below its 50-day moving average on May 30, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for EBAY crossed bearishly below the 50-day moving average on May 25, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EBAY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 60 cases where EBAY's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EBAY advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .
EBAY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 234 cases where EBAY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.329) is normal, around the industry mean (18.894). P/E Ratio (41.494) is within average values for comparable stocks, (72.605). Projected Growth (PEG Ratio) (2.515) is also within normal values, averaging (2.605). Dividend Yield (0.021) settles around the average of (0.039) among similar stocks. P/S Ratio (2.427) is also within normal values, averaging (8.407).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. EBAY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. EBAY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 95, placing this stock better than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of online market places for the sale of goods and services
Industry InternetRetail
A.I.dvisor indicates that over the last year, EBAY has been loosely correlated with RVLV. These tickers have moved in lockstep 65% of the time. This A.I.-generated data suggests there is some statistical probability that if EBAY jumps, then RVLV could also see price increases.
Ticker / NAME | Correlation To EBAY | 1D Price Change % | ||
---|---|---|---|---|
EBAY | 100% | -1.67% | ||
RVLV - EBAY | 65% Loosely correlated | +2.75% | ||
W - EBAY | 65% Loosely correlated | +11.92% | ||
ETSY - EBAY | 64% Loosely correlated | -3.55% | ||
OSTK - EBAY | 64% Loosely correlated | +4.87% | ||
AMZN - EBAY | 63% Loosely correlated | +1.29% | ||
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