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eBay Inc. Analysts Expect Stable Performance in the Current Quarter

3/30/2023 2:19 PM

The price of stocks of the American online retail company eBay Inc. is correcting and trading around the 43.00 mark.

The corporation continues to implement the policy of reforming the board of directors, within the framework of which it was announced the appointment of Sripriya Mahesh, who is currently the co-founder and general partner of the venture company Spero Ventures. According to Chairman of the Board of Directors Paul Pressler, Sripriya is an ideal candidate, having extensive experience in the field of consumer goods.

The company also continues to resist pressure from Meta Platforms Inc., which, in an attempt to avoid a lawsuit, requested information from eBay Inc. that constitutes a corporate secret. Representatives of eBay Inc. stated this in court, asking the judge to block the request. The fact is that Meta Platforms Inc. has been subjected to antitrust proceedings by the US Federal Trade Commission, and in order to avoid consequences, it is trying to blame other large companies for this.       

As for the financial report, which will be published on May 3, 2023, analysts expect revenue of 2.48B dollars, which corresponds to 2.5B dollars demonstrated in the previous quarter, and earnings per share – of 1.08 dollars, which is higher than 1.07 dollars a quarter earlier.  

On the daily chart, the stocks continue to trade within the framework of the local Broadening Formation pattern, reversing near the support line at 41.00.

Technical indicators are in uncertainty after the decline, but have already begun to reverse towards growth: the range of EMA fluctuations on the alligator indicator has begun to narrow, and the AO histogram forms new ascending bars, being below the transition level.

Support levels: 42.00, 37.00. | Resistance levels: 45.00, 50.00.

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