Meta Platforms Inc (NASDAQ:META) shares, rose in value, with the stock price down by -0.52% to the previous day’s close as strong demand from buyers drove the stock to $493.50.
Actively observing the price movement in the last trading, the stock closed the session at $496.10. The PE ratio was 33.13 over 12-month period. Referring to stock’s 52-week performance, its high was $531.49, and the low was $207.13. On the whole, META has fluctuated by -1.89% over the past month.
The company’s Forward Dividend Ratio is 0.50, with its dividend yield at 0.10%.
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 1.27, with the price of META currently trading nearly -1.84% and -0.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.91, while the 7-day volatility ratio is showing 3.90% which for the 30-day chart, stands at 3.01%. Furthermore, Meta Platforms Inc (META)’s beta value is 1.17, and its average true range (ATR) is 16.29.
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 -0.52% in last session, and over the past year, it grew by 131.92%%.
Data on historical trading for Meta Platforms Inc (NASDAQ:META) indicates that the trading volumes over the past 3 months, they’ve averaged 17.32 million. According to company’s latest data on outstanding shares, there are 2.21 billion shares outstanding.
Nearly 14.03% of Meta Platforms Inc’s shares belong to company insiders and institutional investors own 67.61% of the company’s shares. The stock has risen by 39.42% 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.
