Ebay (EBAY)’s Price Is Being Dragged Down by Amazon

The EBAY stock price fluctuated between $69.37 and $72.05 throughout the trading session with the volume trading being 4M shares, which represented a negative variation when compared to the three months average volume of 7M shares.

The share price of eBay Inc. (NasdaqGS:EBAY) dipped -5.35% to close Friday’s market session at $69.48, lower as compared to yesterday’s close which brings the market valuation of the company to $47.29B.

The 52-week high for the eBay Inc.’s shares is $74.13. That puts it -6.27% from that peak but still a 32.80% gain since the share price dropped to a 52-week low of $45.36, while the S&P 500’s share price change was of 35.10%.

The company currently has a 16.83 P/E ratio and a price target of $70.09.

What does the trading volume tell us about the EBAY stock?

During the last trading session, eBay Inc. (NasdaqGS:EBAY) has seen growth in its daily volume. The daily volume was of 7M, while in the last 10 days the average was 6.71M and last three months – 7.31M.
The increasing interest in the EBAY stock from the investors is helping to drive the stock price up.

Growing short interest

The eBay Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 27.59M shares being shorted which translates into 4.46 of a short ratio for EBAY, while in the previous month the shorted shares were 26.28M.

eBay Inc. (NasdaqGS:EBAY) financials

With a market cap of 47.29B, eBay Inc. holds a total cash of $3.42B that translates into $5.03 per share, while the total debt is of $7.37B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 42.00%. The current revenue is of $11.16B that is $16.13 per share.
This is a great sign for a bright future.