Shares of eBay Inc (NASDAQ:EBAY) surged on Tuesday following JMP Securities analyst Ronald Josey said the e-commerce company as his “top pick” amid ten other well-known names in the Internet sector.
Josey upgraded eBay (EBAY)’s shares with an market outperform rating, or the equivalent of buy. With a price target of $67 per share, and declared that the firm is doing a improved job of taking advantage of prospect in mobile services, local businesses and payments, plus working with retailers to unite its capabilities across platforms that are together online and in traditional retail settings
In a research note initiating his Internet sector coverage, Josey stated that Innovation is back at eBay and the firm is carry out on its long-term vision whereas significantly increasing its addressable market.
eBay Inc (NASDAQ:EBAY) stock hit highest price at $53.63, beginning with a price of $51.00 and reported increased +1.97% to the closed at $51.10 with day range of $50.46-$53.63. The total market capitalization remained $66.25 billion, total volume held in the session was 14.62 million shares surprisingly higher than its average volume of 10.04 million shares.
To check the Stocks ups and downs, EBAY last week stock price volatility remained 2.91% and month was at 2.43%. EBAY generated revenue of 14.07 billion in the following twelve months income of $2.61 billion. The Company showed a positive 18.55% in the net profit margin and in addition to in its operating margin which remained 20.53%. Company’s annual sales growth for the past five year was 12.90%.
The EBAY past twelve months price to sales ratio was 4.71 and price to cash ratio remained 7.04. As far as if notice on other major contributors of similar sectors have sale ratio and price to cash ratio remained Liberty Interactive (Interactive group) (NASDAQ:LINTA)’s P/S 1.23% P/C 4.64%, E Commerce China Dangdang Inc (ADR) (NYSE:DANG)’s P/S 0.38% P/C 2.14%, Liquidity Services, Inc. (NASDAQ:LQDT)’s P/S 1.88% P/C 20.11%, Mercadolibre Inc (NASDAQ:MELI)’s P/S 11.74% P/C 23.56%.
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