EBay (EBAY, $50.03) raised its Q2 earnings guidance
EBay boosted its second-quarter-earnings guidance, on surging online sales during pandemic-induced lockdown.
The e-commerce company now projects second-quarter revenue to range from $2.75 billion to $2.8 billion. That is a more optimistic outlook compared with an April estimate of $2.38 billion to $2.48 billion.
For the second quarter, EBay now expects non-GAAP earnings per share of $1.02 to $1.06, compared to April forecast of 73 cents to 80 cents.
On full-year guidance, EBay did not release any figures, but said it expects the full-year performance to improve from the ranges it mentioned on April 29.
“Demand strength is driven by increased organic traffic, better marketing efficiency, and higher platform conversion”, the company said.
EBAY in Uptrend: 50-day Moving Average crossed above 200-day Moving Average on May 28, 2020
A buy signal is indicated by this change in price, due to the trend repositioning higher. In 2 of 2 cases where EBAY's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 90%.
Current price $50.06 is above $40.90 the highest resistance line found by A.I. Throughout the month of 05/01/20 - 06/03/20, the price experienced a +19% Uptrend. During the week of 05/27/20 - 06/03/20, the stock enjoyed a +6% Uptrend growth.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) just turned positive. Considering data from situations where EBAY's MACD histogram became positive, in 29 of 45 cases, the price rose further within the following month. The odds of a continued Uptrend are 64%.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EBAY advanced for three days, in 197 of 344 cases, the price rose further within the following month. The odds of a continued Uptrend are 57%.
The Aroon Indicator entered an Uptrend today. In 103 of 189 similar cases where EBAY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 54%.
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 21 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 16 of 38 cases where EBAY's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 42%.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 46%. During the last month, the daily ratio of advancing to declining volumes was 2.27 to 1.
The Tickeron Price Growth Rating for this company is 5 (best 1 - 100 worst), indicating outstanding price growth. EBAY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 10 (best 1 - 100 worst), indicating very strong sales and a 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 34 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock slightly better than average.
The Tickeron Valuation Rating of 35 (best 1 - 100 worst) indicates that the company is fair valued 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: EBAY's P/B Ratio (15.40) is slightly higher than the industry average of (2.87). P/E Ratio (7.71) is within average values for comparable stocks, (94.56). Projected Growth (PEG Ratio) (0.04) is also within normal values, averaging (1.29). Dividend Yield (1.55) settles around the average of (0.62) among similar stocks. P/S Ratio (2.17) is also within normal values, averaging (11.61).
The Tickeron Seasonality Score of 65 (best 1 - 100 worst) indicates that the company is fair valued 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 PE Growth Rating for this company is 89 (best 1 - 100 worst), pointing to worse than average 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.
EBAY's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for EBAY turned positive on November 13, 2024. Looking at past instances where EBAY's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where EBAY's RSI Oscillator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The 10-day moving average for EBAY crossed bullishly above the 50-day moving average on December 05, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. 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 325 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 298 cases where EBAY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where EBAY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on December 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on EBAY as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
EBAY moved below its 50-day moving average on December 10, 2024 date and that indicates a change from an upward trend to a downward trend.
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 .
EBAY broke above its upper Bollinger Band on November 22, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 outstanding price growth. EBAY’s price grows at a higher 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 very strong sales and a 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 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 (5.621) is normal, around the industry mean (4.514). P/E Ratio (16.025) is within average values for comparable stocks, (60.217). Projected Growth (PEG Ratio) (1.377) is also within normal values, averaging (2.941). Dividend Yield (0.017) settles around the average of (0.027) among similar stocks. P/S Ratio (3.164) is also within normal values, averaging (5.675).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock slightly better than average.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued 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.
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General Information
a provider of online market places for the sale of goods and services
Industry InternetRetail