eBay (EBAY) is hitting new all-time highs, with strong technical momentum and a 100% “Buy” opinion from Barchart’s indicators. The stock gained nearly 76% over the past year and trades above key moving averages. However, some analysts view eBay as overvalued despite solid fundamentals.

Valued at $44.4 billion, eBay is an online shopping site that has evolved into a commercial giant. Barchart’s screening functions identified eBay as having the highest technical buy signals and consistent price appreciation, resulting in a 25.69% gain since July 10. eBay’s market capitalization is $44.4 billion with a 23.13x price-earnings ratio and a 1.2% dividend yield.

eBay shares hit a new all-time high above $98 with a Weighted Alpha of +89.64 and a 100% “Buy” opinion from Barchart. The stock is trading above its moving averages, has made 13 new highs in the last month, and has a technical support level around $95.50. Wall Street analysts are bullish on eBay, but Morningstar views the stock as overvalued by 51%.

EBAY currently has momentum and is hitting new highs, but investors should be cautious due to its volatility. Analysts have differing opinions on the stock, with price targets ranging from $60-$107. With 99,110 investors monitoring the stock on Seeking Alpha, the overall sentiment is mixed.

Read more at Yahoo Finance: eBAY Stock Keeps Hitting New Highs. Is More Growth Ahead?