Meta Platforms Inc (NASDAQ:META) shares, rose in value, with the stock price down by -1.42% to the previous day’s close as strong demand from buyers drove the stock to $647.13.
Actively observing the price movement in the recent trading, the stock is buoying the session at $656.47. The PE ratio was 27.05 over 12-month period. Referring to stock’s 52-week performance, its high was $740.91, and the low was $414.50. On the whole, META has fluctuated by -8.10% over the past month.
With the market capitalization of Meta Platforms Inc currently standing at about $1639.61 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 1.50, with its dividend yield at 0.23%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 188.48B, with a low estimate of 40.38B and a high estimate of 42.72B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 41.45B.
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 50% 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 2.36, with the price of META currently trading nearly -6.06% and -1.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.75, while the 7-day volatility ratio is showing 4.24% which for the 30-day chart, stands at 2.94%. Furthermore, Meta Platforms Inc (META)’s beta value is 1.24, and its average true range (ATR) is 21.78.
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 -1.42% in today’s session so far, and over the past year, it grew by 29.90%%.
Data on historical trading for Meta Platforms Inc (NASDAQ:META) indicates that the trading volumes over the past 3 months, they’ve averaged 14.84 million. According to company’s latest data on outstanding shares, there are 2.19 billion shares outstanding.
Nearly 13.71% of Meta Platforms Inc’s shares belong to company insiders and institutional investors own 67.62% of the company’s shares. The stock has risen by 10.52% 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.
