eBay Inc. (NASDAQ:EBAY) persists its position slightly strong in context of buying side, while shares price reduced -0.40% during latest trading session. Amazon.com, Inc. (NASDAQ: AMZN) and eBay Inc (NASDAQ: EBAY) are dominating the world of online auto sales.
According to Basham, the online DIY auto industry will continue to take roughly 0.75 percent market share annually for at least the next five years. EBay currently owns the biggest piece of the online pie with a 40 percent market share, while Amazon holds a 25 percent share. The “Big 4” hold a combined 20 percent share of the online market.
“With no major inflection, we see this as a manageable headwind for the Big 4 auto parts retailers (AAP, AZO, GPC, ORLY) that continue to take share from weaker competitors, particularly in the larger and more fragmented DIFM section,” Basham explained. Wedbush estimates that the online aftermarket for vehicle parts and accessories is roughly a $10 billion–11 billion market.
Analysts Practices; to watch unbiased undervalue securities, there is need to see following technical rations. EBAY holds price to earnings ratio of 18.65 that presents much better indication for a stock’s value than the market price alone. Based on historic views, the average P/E ratio in market fluctuates between 15 to 25, but alone low P/E ratio does not necessarily mean that a company is undervalue.
Narrow down focus to other ratios, the co has current ratio of 2.60 that indicates if EBAY lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry. Generally, it indicates good short-term financial strength. Street is more conscious on this after SunEdison, Inc. case. To make strengthen these views, the active industry firm has Quick Ratio of 2.60, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 1.32, sometimes its remain same with long term debt to equity ratio.
Teekay Offshore Partners LP (NYSE:TOO) also run on active notice, stock price rose 3.09% after traded at $5.00 in most recent trading session.
TOO price to current year EPS stands at 240.80%. Whereas the traders who further want to see about this, may be interested to see Price to next year’s EPS that would be 112.50%. The earning yield also gives right direction to lure investment, as the co has 8.80% dividend yield. Moving toward ratio analysis, it has current ratio of 0.60 and quick ratio was calculated as 0.60. The debt to equity ratio appeared as 3.28 for seeing its liquidity position.
Taking notice on volatility measures, price volatility of stock was 5.13% for a week and 5.28% for a month. The price volatility’s Average True Range for 14 days was 0.28. On these bases, analysts would recommend this stock as an “Active Revolving Stocks.” The firm attains analyst recommendation of 2.50 out of 1-5 scale with week’s performance of -2.53%. TOO’s institutional ownership was registered as 52.80%, while insider ownership was 42.60%.