The trading price of Meta Platforms Inc (NASDAQ:META) floating higher at last check on current market day and closing at $593.16, 1.00% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 23.14. In examining the 52-week price action we see that the stock hit a 52-week high of $740.91 and a 52-week low of $442.65. Over the past month, the stock has gained 14.90% in value.
Meta Platforms Inc, whose market valuation is $1491.29 billion at the time of this writing, is expected to release its quarterly earnings report in June. The dividend yield on the company stock is 0.34%, while its Forward Dividend ratio is 2.02. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest META has a 50% Sell 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% Sell, while an average of long term indicators suggests that the stock is currently Hold.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned META a recommendation rating is 51. Out of them, 8 rate it a Hold, while 40 recommend Buy, whereas 2 assign an Overweight rating. 0 analyst(s) have tagged Meta Platforms Inc (META) as Underweight, while 1 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.29, which symbolizes a positive outlook. A quick review shows that META’s price is currently 8.64% off the SMA20 and 2.46% off the SMA50. The RSI metric on the 14-day chart is currently showing 58.50, and weekly volatility stands at 3.26%. When measured over the past 30 days, the indicator reaches 4.92%. Meta Platforms Inc (NASDAQ:META)’s beta value is currently sitting at 1.23, while the Average True Range indicator is currently displaying 24.30. With analysts defining $670-$935 as the low and high price targets, we arrive at a consensus price target of $725 for the trailing 12-month period. The current price is about -12.95% off the estimated low and -57.63% off the forecast high, based on this estimate. Investors will be thrilled if META’s share price rises to $725, which is the median consensus price. At that level, META’s share price would be -22.23% below current price.
To see how Meta Platforms Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: META stock’s performance was 1.00% at last check in today’s session, and 31.24% in the past year. Meta Platforms Inc has a P/E ratio of 23.14.
An evaluation of the daily trading volume of Meta Platforms Inc (NASDAQ:META) indicates that the 3-month average is 18.48 million.
Currently, records show that 2.18 billion of the company’s shares remain outstanding. The insiders hold 13.79% of outstanding shares, whereasinstitutions hold 68.52%. However, since the stock’s price has seen 1.31% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
