Meta Platforms Inc (NASDAQ:META) shares, rose in value, with the stock price down by -1.13% to the previous day’s close as strong demand from buyers drove the stock to $583.83.
Actively observing the price movement in the last trading, the stock closed the session at $590.51, falling within a range of $582.59 and $590.23. The value of beta (5-year monthly) was 1.216 whereas the PE ratio was 29.81 over 12-month period. Referring to stock’s 52-week performance, its high was $602.95, and the low was $279.40. On the whole, META has fluctuated by 14.07% over the past month.
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With the market capitalization of Meta Platforms Inc currently standing at about $1476.98 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-30. The company’s Forward Dividend Ratio is 1.50, with its dividend yield at 0.26%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 161.81B, with a low estimate of 39.4B and a high estimate of 41.01B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 40.18B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that META’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.66, with the price of META currently trading nearly 3.00% and 9.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.73, while the 7-day volatility ratio is showing 2.14% which for the 30-day chart, stands at 2.14%. Furthermore, Meta Platforms Inc (META)’s beta value is 1.21, and its average true range (ATR) is 12.83.
A comparison of Meta Platforms Inc (META) with its peers suggests the former has fared considerably weaker in the market. META showed an intraday change of -1.13% in last session, and over the past year, it grew by 81.40%%.
Data on historical trading for Meta Platforms Inc (NASDAQ:META) indicates that the trading volumes over the past 10 days have averaged 10.68 and over the past 3 months, they’ve averaged 13.87 million. According to company’s latest data on outstanding shares, there are 2.21 billion shares outstanding.
Nearly 13.79% of Meta Platforms Inc’s shares belong to company insiders and institutional investors own 67.23% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 32.46 million shares as on 2024-09-30, resulting in a short ratio of 2.67. According to the data, the short interest in Meta Platforms Inc (META) stood at 149.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 33.25 million. The stock has risen by 64.94% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the META stock heading into the next quarter.
