Meta Platforms Inc (NASDAQ: META) has a higher price-to-earnings ratio of 26.75x compared to its average ratio, The 36-month beta value for META is at 1.20. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for META is 2.18B, and currently, shorts hold a 1.24% of that float. The average trading volume for META on May 07, 2024 was 17.78M shares.
META) stock’s latest price update
Meta Platforms Inc (NASDAQ: META)’s stock price has increased by 3.04 compared to its previous closing price of 451.96. However, the company has seen a 7.64% increase in its stock price over the last five trading sessions. InvestorPlace reported 2024-05-06 that Some undervalued metaverse stocks should be on investors’ radars this month. These companies are at the forefront of developing cutting-edge technologies that will shape the future of virtual worlds.
META’s Market Performance
Meta Platforms Inc (META) has seen a 7.64% rise in stock performance for the week, with a -11.69% decline in the past month and a 1.36% surge in the past quarter. The volatility ratio for the week is 3.10%, and the volatility levels for the past 30 days are at 3.36% for META. The simple moving average for the past 20 days is -3.18% for META’s stock, with a 23.79% simple moving average for the past 200 days.
Analysts’ Opinion of META
Many brokerage firms have already submitted their reports for META stocks, with Exane BNP Paribas repeating the rating for META by listing it as a “Underperform.” The predicted price for META in the upcoming period, according to Exane BNP Paribas is $360 based on the research report published on May 02, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see META reach a price target of $500, previously predicting the price at $585. The rating they have provided for META stocks is “Outperform” according to the report published on April 25th, 2024.
Citigroup gave a rating of “Buy” to META, setting the target price at $590 in the report published on April 15th of the current year.
META Trading at -5.10% from the 50-Day Moving Average
After a stumble in the market that brought META to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.38% of loss for the given period.
Volatility was left at 3.36%, however, over the last 30 days, the volatility rate increased by 3.10%, as shares sank -10.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.79% lower at present.
During the last 5 trading sessions, META rose by +7.64%, which changed the moving average for the period of 200-days by +53.93% in comparison to the 20-day moving average, which settled at $478.31. In addition, Meta Platforms Inc saw 31.56% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at META starting from Newstead Jennifer, who sale 585 shares at the price of $431.05 back on Apr 30 ’24. After this action, Newstead Jennifer now owns 36,643 shares of Meta Platforms Inc, valued at $252,164 using the latest closing price.
Olivan Javier, the Chief Operating Officer of Meta Platforms Inc, sale 490 shares at $441.54 during a trade that took place back on Apr 26 ’24, which means that Olivan Javier is holding 6,599 shares at $216,355 based on the most recent closing price.
Stock Fundamentals for META
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.81 for the gross margin
The net margin for Meta Platforms Inc stands at 0.32. The total capital return value is set at 0.27. Equity return is now at value 33.36, with 22.47 for asset returns.
Based on Meta Platforms Inc (META), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 3.81. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is 102.98.
Currently, EBITDA for the company is 57.93 billion with net debt to EBITDA at 0.08. When we switch over and look at the enterprise to sales, we see a ratio of 8.31. The receivables turnover for the company is 10.63for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.68.
Conclusion
In conclusion, Meta Platforms Inc (META) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
