The trading price of Meta Platforms Inc (NASDAQ:META) closed higher on Firday, October 25, and closing at $573.25, 0.96% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $571.72 and $581.2816. The company’s P/E ratio in the trailing 12-month period was 29.27, while its 5Y monthly beta was 1.216. In examining the 52-week price action we see that the stock hit a 52-week high of $602.95 and a 52-week low of $279.40. Over the past month, the stock has gained 0.95% in value.
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Meta Platforms Inc, whose market valuation is $1450.22 billion at the time of this writing, is expected to release its quarterly earnings report in November. The dividend yield on the company stock is 0.26%, while its Forward Dividend ratio is 1.50. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 5.24 per share this quarter, however they have predicted annual earnings per share of 21.37 for current year and 24.44 for next year.
Analysts have forecast the company to bring in revenue of 40.27B for the current quarter, with the likely lows of 39.4B and highs of 41.69B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 161.89B.
On the technical side, indicators suggest META has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned META a recommendation rating is 51. Out of them, 8 rate it a Hold, while 40 recommend Buy, whereas 2 assign an Overweight rating. 0 analyst(s) have tagged Meta Platforms Inc (META) as Underweight, while 1 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.25, which symbolizes a positive outlook. A quick review shows that META’s price is currently -1.26% off the SMA20 and 4.01% off the SMA50. The RSI metric on the 14-day chart is currently showing 52.62, and weekly volatility stands at 2.08%. When measured over the past 30 days, the indicator reaches 1.89%. Meta Platforms Inc (NASDAQ:META)’s beta value is currently sitting at 1.21, while the Average True Range indicator is currently displaying 12.07. With analysts defining $105-$780 as the low and high price targets, we arrive at a consensus price target of $532.5 for the trailing 12-month period. The current price is about 81.68% off the estimated low and -36.07% off the forecast high, based on this estimate. Investors will be thrilled if META’s share price rises to $532.5, which is the median consensus price. At that level, META’s share price would be 7.11% above current price.
To see how Meta Platforms Inc stock has been performing in comparison to its peers in the industry, here are the numbers: META stock’s performance was 0.96% in the latest trading, and 91.38% in the past year. Meta Platforms Inc has a P/E ratio of 29.27.
An evaluation of the daily trading volume of Meta Platforms Inc (NASDAQ:META) indicates that the 3-month average is 12.71 million. However, this figure has increased over the past 10 days to an average of 9.49.
Currently, records show that 2.21 billion of the company’s shares remain outstanding. The insiders hold 13.79% of outstanding shares, whereas institutions hold 67.20%. The stats also highlight that short interest as of 2024-10-15, stood at 31.26 million shares, resulting in a short ratio of 2.65 at that time. From this, we can conclude that short interest is 143.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 32.25 million. However, since the stock’s price has seen 61.95% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
