Rolling over from a small rally within a long, sideways consolidation.
EBAY is doing its best to grow into its valuation, but in the meantime it is up to $17 billion in sales to support is hefty $64 billion market cap. Unfortunately, this chart shows the latest period has brought earnings to a standstill, which certainly means that EBAY is going the way of Amazon and not making any profits.
I look for more downside, albeit slowly, as EBAY tries to generate earnings and revenue growth to help keep this stock "afloat".
Tim 11:11AM EST 52.10 last EBAY 9/22/2014
EBAY is doing its best to grow into its valuation, but in the meantime it is up to $17 billion in sales to support is hefty $64 billion market cap. Unfortunately, this chart shows the latest period has brought earnings to a standstill, which certainly means that EBAY is going the way of Amazon and not making any profits.
I look for more downside, albeit slowly, as EBAY tries to generate earnings and revenue growth to help keep this stock "afloat".
Tim 11:11AM EST 52.10 last EBAY 9/22/2014
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.