The stock of Meta Platforms Inc (NASDAQ: META) has increased by 0.52 when compared to last closing price of 582.77.Despite this, the company has seen a gain of 3.25% in its stock price over the last five trading days. pymnts.com reported 2024-10-04 that The Court of Justice of the European Union (CJEU) ruled Friday (Oct. 4) that Meta Platforms can use only some of the data it gathers from Facebook users to deliver targeted advertising.
Is It Worth Investing in Meta Platforms Inc (NASDAQ: META) Right Now?
The price-to-earnings ratio for Meta Platforms Inc (NASDAQ: META) is above average at 29.91x, 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.”
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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 October 04, 2024 was 14.11M shares.
META’s Market Performance
The stock of Meta Platforms Inc (META) has seen a 3.25% increase in the past week, with a 13.33% rise in the past month, and a 10.67% gain in the past quarter. The volatility ratio for the week is 1.78%, and the volatility levels for the past 30 days are at 2.37% for META. The simple moving average for the last 20 days is 7.13% for META’s stock, with a simple moving average of 22.45% for the last 200 days.
Analysts’ Opinion of META
Many brokerage firms have already submitted their reports for META stocks, with Pivotal Research Group repeating the rating for META by listing it as a “Buy.” The predicted price for META in the upcoming period, according to Pivotal Research Group is $780 based on the research report published on October 01, 2024 of the current year 2024.
Monness Crespi & Hardt, on the other hand, stated in their research note that they expect to see META reach a price target of $620, previously predicting the price at $570. The rating they have provided for META stocks is “Buy” according to the report published on September 30th, 2024.
DA Davidson gave a rating of “Buy” to META, setting the target price at $600 in the report published on September 10th of the current year.
META Trading at 11.98% 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 able to rebound, for now settling with 0.41% of gains for the given period.
Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares surge +16.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.61% upper at present.
During the last 5 trading sessions, META rose by +2.78%, which changed the moving average for the period of 200-days by +69.20% in comparison to the 20-day moving average, which settled at $550.92. In addition, Meta Platforms Inc saw 65.49% 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 905 shares at the price of $578.55 back on Oct 01 ’24. After this action, Newstead Jennifer now owns 35,102 shares of Meta Platforms Inc, valued at $523,588 using the latest closing price.
Olivan Javier, the Chief Operating Officer of Meta Platforms Inc, sale 413 shares at $570.00 during a trade that took place back on Sep 27 ’24, which means that Olivan Javier is holding 12,359 shares at $235,410 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 9.94. 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.
