The price-to-earnings ratio for Meta Platforms Inc (NASDAQ: META) is above average at 28.97x, Company’s 36-month beta value is 1.21.Analysts have differing opinions on the stock, with 36 analysts rating it as a “buy,” 20 as “overweight,” 6 as “hold,” and 2 as “sell.”
The public float for META is 2.18B, and currently, short sellers hold a 1.48% ratio of that floaft. The average trading volume of META on September 30, 2024 was 14.03M shares.
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META) stock’s latest price update
Meta Platforms Inc (NASDAQ: META) has seen a decline in its stock price by -0.08 in relation to its previous close of 567.84. However, the company has experienced a 1.07% gain in its stock price over the last five trading sessions. fool.com reported 2024-09-29 that Tech giants Alphabet and Meta dominate the digital advertising industry with a combined 57% market share. Alphabet leads in search engine advertising thanks to Google, and also captures streaming media ad sales through YouTube.
META’s Market Performance
Meta Platforms Inc (META) has seen a 1.07% rise in stock performance for the week, with a 9.79% gain in the past month and a 12.52% surge in the past quarter. The volatility ratio for the week is 2.13%, and the volatility levels for the past 30 days are at 2.46% for META. The simple moving average for the past 20 days is 6.60% for META’s stock, with a 20.12% simple moving average for the past 200 days.
Analysts’ Opinion of META
Many brokerage firms have already submitted their reports for META stocks, with DA Davidson repeating the rating for META by listing it as a “Buy.” The predicted price for META in the upcoming period, according to DA Davidson is $600 based on the research report published on September 10, 2024 of the current year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see META reach a price target of $660. The rating they have provided for META stocks is “Overweight” according to the report published on September 05th, 2024.
BofA Securities gave a rating of “Buy” to META, setting the target price at $563 in the report published on August 01st of the current year.
META Trading at 10.49% 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 -1.74% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.13%, as shares surge +9.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.23% upper at present.
During the last 5 trading sessions, META rose by +1.07%, which changed the moving average for the period of 200-days by +74.42% in comparison to the 20-day moving average, which settled at $534.69. In addition, Meta Platforms Inc saw 60.29% 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 Olivan Javier, who proposed sale 413 shares at the price of $570.00 back on Sep 27 ’24. After this action, Olivan Javier now owns shares of Meta Platforms Inc, valued at $235,410 using the latest closing price.
Newstead Jennifer, the Chief Legal Officer of Meta Platforms Inc, sale 905 shares at $567.00 during a trade that took place back on Sep 24 ’24, which means that Newstead Jennifer is holding 36,007 shares at $513,135 based on the most recent closing price.
Stock Fundamentals for META
Current profitability levels for the company are sitting at:
- 0.4 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 0.3. 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 114.36.
Currently, EBITDA for the company is 61.38 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 9.62. 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
In a nutshell, Meta Platforms Inc (META) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
