10 Cheap NASDAQ Stocks To Invest In Now

8. eBay Inc. (NASDAQ:EBAY

Forward Price to Earnings Ratio: 12.81 

Earnings Growth: 13.90%

Number of Hedge Fund Holders: 38

eBay Inc. (NASDAQ:EBAY) is an international online marketplace that connects buyers to sellers from over 200 countries. The company allows sellers to list items ranging from electronics to collectibles enabling them to sell their items in multiple ways and also offers various advertisement options.

It is one of the cheapest NASDAQ stocks to invest in now. Not only is the stock trading at a forward P/E of 13 but analysts are expecting its earnings to grow by 14% during the year.

eBay Inc. (NASDAQ:EBAY) has been working towards improving the advertisement revenue and payment management system to grow its Gross Merchandise Volume (GMV). During the third quarter results for fiscal 2024, management announced the launching of its redesigned global advertisement platform, which now unifies and simplifies the advertisement experience. As a result of this effort, the company was able to improve its first-party advertising revenue by 15% year-over-year to reach $396 million. Moreover, in addition to improving the advertisement platform the company has also been investing in AI technology. For instance, it launched Magical Listing Tool and Personalized Recommendations making it faster and easier to create detailed, eye-catching listings and get more inventory in front of buyers.

Q3 also turned out to be a successful quarter in terms of revenue and GMV growth. eBay Inc. (NASDAQ:EBAY) grew its revenue by 4% year-over-year to reach $2.6 billion mainly benefitting from its efforts in the advertisement platform. In addition, the GMV of $18.3 billion was also up 2% during the same time, indicating fruitful results for management’s strategic efforts. Moving forward, management is expecting revenue for the fourth quarter to be between $2.53 billion and $2.59 billion.