Meta Platforms Inc (NASDAQ:META) shares, rose in value on Friday, January 03, with the stock price up by 0.54% to the previous day’s close as strong demand from buyers drove the stock to $602.46.
Actively observing the price movement in the recent trading, the stock is buoying the session at $599.24, falling within a range of $597.0101 and $609.5. The value of beta (5-year monthly) is 1.215 whereas the PE ratio is 28.37 over 12-month period. Referring to stock’s 52-week performance, its high was $638.40, and the low was $343.17. On the whole, META has fluctuated by -1.82% over the past month.
With the market capitalization of Meta Platforms Inc currently standing at about $1520.60 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 2.00, with its dividend yield at 0.33%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 162.98B, with a low estimate of 45.73B and a high estimate of 47.92B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 46.98B.
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 50% 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 1.67, with the price of META currently trading nearly -0.91% and 2.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.14, while the 7-day volatility ratio is showing 1.97% which for the 30-day chart, stands at 2.57%. Furthermore, Meta Platforms Inc (META)’s beta value is 1.19, and its average true range (ATR) is 14.80.
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 0.54% in today’s session so far, and over the past year, it grew by 74.89%%.
Data on historical trading for Meta Platforms Inc (NASDAQ:META) indicates that the trading volumes over the past 10 days have averaged 13.58 and over the past 3 months, they’ve averaged 12.03 million. According to company’s latest data on outstanding shares, there are 2.18 billion shares outstanding.
Nearly 13.89% of Meta Platforms Inc’s shares belong to company insiders and institutional investors own 67.14% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 29.33 million shares as on 2024-12-13, resulting in a short ratio of 2.6. According to the data, the short interest in Meta Platforms Inc (META) stood at 135.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 29.82 million. The stock has risen by 2.89% 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.
