The trading price of Meta Platforms Inc (NASDAQ:META) closed lower on Friday, April 19, closing at $481.07, -4.13% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 32.29, while its 5Y monthly beta was 1.18. In examining the 52-week price action we see that the stock hit a 52-week high of $531.49 and a 52-week low of $207.13. Over the past month, the stock has lost -4.84% in value.
Meta Platforms Inc, whose market valuation is $1226.44 billion at the time of this writing, is expected to release its quarterly earnings report Apr 24, 2024. The dividend yield on the company stock is 0.10%, while its Forward Dividend ratio is 0.50. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Meta Platforms Inc No upward and no downward comments were posted in the last 7 days. 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.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.24, which symbolizes a positive outlook. A quick review shows that META’s price is currently -4.89% off the SMA20 and -2.60% off the SMA50. The RSI metric on the 14-day chart is currently showing 41.07, and weekly volatility stands at 3.49%. When measured over the past 30 days, the indicator reaches 2.68%. Meta Platforms Inc (NASDAQ:META)’s beta value is currently sitting at 1.16, while the Average True Range indicator is currently displaying 15.24.
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 -4.13% in the latest trading, and 123.03% in the past year. Meta Platforms Inc has a P/E ratio of 32.29.
An evaluation of the daily trading volume of Meta Platforms Inc (NASDAQ:META) indicates that the 3-month average is 17.27 million.
Currently, records show that 2.21 billion of the company’s shares remain outstanding. The insiders hold 13.98% of outstanding shares, whereas institutions hold 67.40%. However, since the stock’s price has seen 35.91% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
