How well eBay did in 2020?

How well eBay did in 2020?

2021-02-02 • Updated

eBay performed greatly in 2020, outpacing most of its’ peers amid the pandemic-driven e-commerce boom. Indeed, social-distancing restrictions and lockdowns boosted online shopping, and such companies as eBay benefited. Obviously, companies like Amazon and Shopify gained more, but eBay's 40% increase still kept it ahead of other huge online retailers, including Walmart.

How eBay's investors measure the company’s growth? 

By volume of merchandise moving through its platform. Interesting fact, volume had been flat or declining before the Covid-19 pandemic but surged to over 20% year over year. The reason is that all shops were forced to switch to online channels starting in late February, and eBay gave them a good platform to do it. The company's main challenge for 2021 is to keep these businesses to stick around by making the marketplace more popular with buyers and easier for sellers to use.

Will eBay’s growth be sustained after the Covid-19? 

This quarter's report will partly answer this question as the pandemic is waning with the help of the vaccine rollout across the world. Earnings more than doubled last quarter, that's why investors are hoping for another surge this week.

How to trade on earnings report? 

If the actual earnings are greater than the estimates of 0.83, the stock price will jump.

If the actual earnings are less than the estimates of 0.83, the stock price will drop.

Technical analysis

EBay has failed to cross the resistance of $60.00 several times already, that’s why the price may struggle to break it this time again. The move above $60.00 will drive eBay to the next round number of $65.00. On the flip side, if it drops below the low of January 15 at $55.00, the way down to the low of December 24 at $50.00 will be clear. 

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You can also trade eBay stock with FBS Trader mobile app. Remember that stock trading starts as the US session begins (at 16:30 MT time). 

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Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded Metatrader 5 or FBS Trader app. FBS allows you to trade stocks only through this software.
  2. Open the MT5 account in your personal area (an account in FBS Trader).
  3. Start trading!

                                                                                                  TRADE NOW

 

How well eBay did in 2020?

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