The trading price of Meta Platforms Inc (NASDAQ:META) closed higher on Monday, November 18, and closing at $554.40, 0.06% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $550.09 and $559.9. The company’s P/E ratio in the trailing 12-month period was 26.11, while its 5Y monthly beta was 1.215. 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 $313.66. Over the past month, the stock has lost -3.83% in value.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Meta Platforms Inc, whose market valuation is $1343.35 billion at the time of this writing, is expected to release its quarterly earnings report in December. The dividend yield on the company stock is 0.27%, while its Forward Dividend ratio is 1.50. Investors’ optimism about the company’s current quarter earnings report is understandable.
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 50% 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 1.45, which symbolizes a positive outlook. A quick review shows that META’s price is currently -3.62% off the SMA20 and -2.58% off the SMA50. The RSI metric on the 14-day chart is currently showing 39.88, and weekly volatility stands at 2.42%. When measured over the past 30 days, the indicator reaches 2.34%. Meta Platforms Inc (NASDAQ:META)’s beta value is currently sitting at 1.21, while the Average True Range indicator is currently displaying 13.95. With analysts defining $105-$780 as the low and high price targets, we arrive at a consensus price target of $540 for the trailing 12-month period. The current price is about 81.06% off the estimated low and -40.69% off the forecast high, based on this estimate. Investors will be thrilled if META’s share price rises to $540, which is the median consensus price. At that level, META’s share price would be 2.6% 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 0.06% in the latest trading, and 65.89% in the past year. Meta Platforms Inc has a P/E ratio of 26.11.
An evaluation of the daily trading volume of Meta Platforms Inc (NASDAQ:META) indicates that the 3-month average is 11.90 million. However, this figure has increased over the past 10 days to an average of 13.02.
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 67.27%. The stats also highlight that short interest as of 2024-10-31, stood at 30.5 million shares, resulting in a short ratio of 2.63 at that time. From this, we can conclude that short interest is 140.00 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 32.46 million. However, since the stock’s price has seen 56.63% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
