Will EBay Stock Reclaim Its All-Time High?

NASDAQ: EBAY | eBay Inc. News, Ratings, and Charts

 eBay Inc. (EBAY) has beefed up its e-commerce offerings as more buyers and sellers join its platform. Given the enormous untapped potential of its online marketplace, the company is expected to deliver solid sales and reclaim its all-time high in the upcoming months. Let’s pore over the stock.

Headquartered in San Jose, California, eBay Inc. (EBAY - Get Rating) is one of the most popular online marketplaces that facilitates consumer-to-consumer and business-to-consumer sales through its websites. It operates through two platforms – Marketplace and Classified — that enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels.

The retail landscape underwent a seismic shift from store-based strategies to digital ones amid last year’s COVID-19 carnage. An attendant worldwide lockdown of whole national populations resulted in a change in attitude by businesses and consumers toward the use  of e-commerce platforms. This placed the most notable online marketplace, EBAY,  on track to soar to its all-time high of $61.06, which it reached in July last year.

The company’s expanded buyer-seller features and diverse retail offerings have carried it  to a 56.9% gain over the past year. This impressive performance combined with several other factors has helped EBAY earn a “Buy” rating in our proprietary rating system.

Here is how our proprietary POWR Ratings system evaluates EBAY:

Trade Grade: A

EBAY is currently trading above its 50-day and 200-day moving averages of $50.85 and $49.84, respectively, indicating that the stock is in an uptrend. In fact, the stock gained 6.4%, over the past month, reflecting  solid short-term bullishness.

EBAY’s revenue has increased 25.1% year-over-year to $2.61 billion for the third quarter ended September 30, 2020. The company’s annual active buyers increased 5% year-over-year, while its gross merchandise volume grew 22% on an as-reported basis. Its gross profit grew 25.6% from the year-ago value to $1.95 billion, while its EPS grew 154.1% over this period.

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