Meta Platforms Inc (NASDAQ:META) traded at $563.23 at last check on current trade day and made a downward move of -0.69% on its previous day’s price.
Looking at the stock we see that its previous close was $567.16 and the beta (5Y monthly) reads 1.216 with the day’s price range being $557.89 – $565.6499. The company has a trailing 12-month PE ratio of 26.52. In terms of its 52-week price range, META has a high of $602.95 and a low of $308.33. The company’s stock has lost about -5.49% over that past 30 days.
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Meta Platforms Inc has a market cap of $1423.20 billion and is expected to release its quarterly earnings report on 2025-Jan-30. With its Forward Dividend at 1.50 and a yield of 0.27%, the company’s investors could be anxious for the META stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 6.68, with the EPS growth for the year raised at 22.09 for current year and 22.09 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 46.94B, with a low of 45.25B and a high of 47.92B. The median projection represents growth squeezing down to 17.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 162.63B, or 20.60% up from figures reported last year.
On the other hand, looking at the outlook for the META stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 51 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 8 have rated the Meta Platforms Inc (META) stock as a Hold, while 40 rate it as a Buy. 2 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the META stock currently stands at 1.28, and the most recent price level today is -2.78% off its SMA20 and 1.15% from its 50-day simple moving average. The RSI (14) is pointing at 45.16 while the volatility over the past week is 2.72% and jumps to 2.11% over the past one month. The beta value is 1.22, while the average true range (ATR) is currently pointing at 13.08. The average price target for the stock over the next 12 months is $540, with the estimates having a low of $105 and a high of $780. These price ends are 81.36% and -38.49% off the today’s price level respectively, although investors could be excited at the prospect of a 4.12% if the META share price touches on the median price of $540.
Coming back to Meta Platforms Inc (NASDAQ:META), we note that the average 3-month trading volume was 12.43 million, while that of the preceding 10-day period stands at 14.24 million. Current shares outstanding are 2.21 billion.
The insiders hold 13.75% of the company’s shares while institutions hold 67.29%. The data shows that short shares as of 2024-10-15, stood at 31.26 million at a short ratio of 2.65. This represents a 144.00 short interest in shares outstanding on 2024-10-15. Shares short fall in October from the previous month at 32.25 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 59.12% up in year-to-date price movement.
