Solid News

eBay Inc. in Anticipation of Improved Quarterly Results

2/6/2023 3:10 PM

Shares of eBay Inc., an American online retailer, are correcting at 50.00.

The issuer is confidently expanding its presence in the market with the help of the KnownOrigin non-fungible token platform, acquired in June last year. Although the NFT segment is in a deep recession, the corporation expects the situation to change soon. So, last week, eBay Inc. entered an agreement with the online platform Notable Live, which connects fans with teams, leagues, and players, according to which users will be offered innovative solutions for interaction.

The company's financial report will be released on February 22: according to analysts' preliminary forecast, revenue for the quarter could be about 2.46B dollars, which exceeds the previous period's figure of 2.40B dollars, and earnings per share (EPS) is expected to be around 1.06 dollars, which is also above the 1.00 dollars previously. The date of the new dividend payment may be announced after the statistics release, but it is already obvious that the corporation has no reason to refuse annual indexation, which can reach 0.24–0.26 dollars per stock.

On the daily chart, the trading instrument is working out the global Head and shoulders reversal pattern, preparing to continue growing.

Technical indicators give a signal to buy: the range of fluctuations of the EMA on the Alligator indicator is expanding, and the AO histogram forms bars with an upward trend, increasing in the buying zone.

Resistance levels: 52.20, 56.50. | Support levels: 48.60, 44.00.

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