Meta Platforms Inc (NASDAQ: META) has a price-to-earnings ratio that is above its average at 26.11x. The stock has a 36-month beta value of 1.17. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for META is 2.18B, and at present, short sellers hold a 1.37% of that float. On August 09, 2024, the average trading volume of META was 14.08M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
META) stock’s latest price update
Meta Platforms Inc (NASDAQ: META)’s stock price has plunge by 0.35relation to previous closing price of 509.63. Nevertheless, the company has seen a 4.77% surge in its stock price over the last five trading sessions. 247wallst.com reported 2024-08-09 that Long-term stocks, or those that are meant to be held for over a year, let investors ignore daily market fluctuations.
META’s Market Performance
Meta Platforms Inc (META) has seen a 4.77% rise in stock performance for the week, with a -0.25% decline in the past month and a 7.57% surge in the past quarter. The volatility ratio for the week is 5.07%, and the volatility levels for the past 30 days are at 3.72% for META. The simple moving average for the past 20 days is 6.39% for META’s stock, with a 17.01% simple moving average for the past 200 days.
Analysts’ Opinion of META
Many brokerage firms have already submitted their reports for META stocks, with BofA Securities repeating the rating for META by listing it as a “Buy.” The predicted price for META in the upcoming period, according to BofA Securities is $563 based on the research report published on August 01, 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 $525, previously predicting the price at $500. The rating they have provided for META stocks is “Outperform” according to the report published on July 19th, 2024.
Wolfe Research gave a rating of “Outperform” to META, setting the target price at $620 in the report published on July 16th of the current year.
META Trading at 3.50% 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 -5.79% of loss for the given period.
Volatility was left at 3.72%, however, over the last 30 days, the volatility rate increased by 5.07%, as shares surge +2.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.91% upper at present.
During the last 5 trading sessions, META rose by +4.86%, which changed the moving average for the period of 200-days by +63.01% in comparison to the 20-day moving average, which settled at $481.34. In addition, Meta Platforms Inc saw 44.48% 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 Zuckerberg Mark, who proposed sale 16,702 shares at the price of $504.02 back on Aug 08 ’24. After this action, Zuckerberg Mark now owns shares of Meta Platforms Inc, valued at $8,418,164 using the latest closing price.
Zuckerberg Mark, the Officer of Meta Platforms Inc, proposed sale 6,534 shares at $505.04 during a trade that took place back on Aug 07 ’24, which means that Zuckerberg Mark is holding shares at $3,299,926 based on the most recent closing price.
Stock Fundamentals for META
Current profitability levels for the company are sitting at:
- 0.39 for the present operating margin
- 0.81 for the gross margin
The net margin for Meta Platforms Inc stands at 0.34. The total capital return value is set at 0.29. Equity return is now at value 35.37, with 23.54 for asset returns.
Based on Meta Platforms Inc (META), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 3.86. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is 89.01.
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 8.69. The receivables turnover for the company is 10.33for trailing twelve months and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.83.
Conclusion
To sum up, Meta Platforms Inc (META) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
