Meta Platforms Inc (NASDAQ:META) traded at $717.79 at last check on current trade day and made a downward move of -2.56% on its previous day’s price.
Looking at the stock we see that its previous close was $736.67 and the beta (5Y monthly) reads 1.2 with the day’s price range being $715.1 – $736.73. The company has a trailing 12-month PE ratio of 30.00. In terms of its 52-week price range, META has a high of $740.91 and a low of $414.50. The company’s stock has gained about 17.42% over that past 30 days.
Meta Platforms Inc has a market cap of $1818.81 billion and is expected to release its quarterly earnings report in March. With its Forward Dividend at 2.00 and a yield of 0.28%, the company’s investors could be anxious for the META stock to gain ahead of the earnings release.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 41.45B, with a low of 40.38B and a high of 42.72B. The median projection represents growth squeezing down to 13.70% 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 188.49B, or 14.58% 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 100% 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 2.62, and the most recent price level today is 4.11% off its SMA20 and 11.86% from its 50-day simple moving average. The RSI (14) is pointing at 69.00 while the volatility over the past week is 1.79% and jumps to 2.70% over the past one month. The beta value is 1.23, while the average true range (ATR) is currently pointing at 17.56. The average price target for the stock over the next 12 months is $636, with the estimates having a low of $583 and a high of $780. These price ends are 18.78% and -8.67% off the today’s price level respectively, although investors could be excited at the prospect of a 11.39% if the META share price touches on the median price of $636.
Coming back to Meta Platforms Inc (NASDAQ:META), we note that the average 3-month trading volume was 13.79 million, while that of the preceding 10-day period stands at 14.99 million. Current shares outstanding are 2.19 billion.
The insiders hold 13.73% of the company’s shares while institutions hold 67.46%. The data shows that short shares as of 2025-01-31, stood at 26.72 million at a short ratio of 1.73. This represents a 122.00 short interest in shares outstanding on 2025-01-31. Shares short rose in January from the previous month at 25.19 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 22.59% up in year-to-date price movement.
