Meta Platforms Inc (NASDAQ:META) shares, rose in value, with the stock price up by 3.21% to the previous day’s close as strong demand from buyers drove the stock to $527.34.
Actively observing the price movement in the last trading, the stock closed the session at $510.92. The value of beta (5-year monthly) was 1.21 whereas the PE ratio was 35.40 over 12-month period. Referring to stock’s 52-week performance, its high was $530.00, and the low was $207.13. On the whole, META has fluctuated by 6.30% over the past month.
With the market capitalization of Meta Platforms Inc currently standing at about $1344.41 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 24, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 0.50, with its dividend yield at 0.09%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $4.28, which is expected to increase to $5.21 for fiscal year $20 and then to about $23.14 by fiscal year 2025. Data indicates that the EPS growth is expected to be 34.50% in 2025, while the next year’s EPS growth is forecast to be 15.70%.
Analysts have estimated the company’s revenue for the quarter at $36.05 billion, with a low estimate of $34.72 billion and a high estimate of $36.9 billion. According to the average forecast, sales growth in current quarter could jump up 25.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $158.24 billion, representing an increase of 17.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that META’s technical picture suggests that short-term indicators denote the stock is a 100% 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 1.36, with the price of META currently trading nearly 5.75% and 11.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.08, while the 7-day volatility ratio is showing 2.92% which for the 30-day chart, stands at 2.73%. Furthermore, Meta Platforms Inc (META)’s beta value is 1.17, and its average true range (ATR) is 13.93.
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 3.21% in last session, and over the past year, it grew by 145.59%%.
Data on historical trading for Meta Platforms Inc (NASDAQ:META) indicates that the trading volumes over the past 10 days have averaged 12.14 million and over the past 3 months, they’ve averaged 17.82 million. According to company’s latest data on outstanding shares, there are 2.21 billion shares outstanding.
Nearly 13.98% of Meta Platforms Inc’s shares belong to company insiders and institutional investors own 67.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 29.92 million shares as on Mar 15, 2024, resulting in a short ratio of 1.77. According to the data, the short interest in Meta Platforms Inc (META) stood at 1.17% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 29.87 million. The stock has risen by 48.98% 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.
