Analyzing Meta Platforms Inc. (META) By Technical Indicators


As of Wednesday close, Meta Platforms Inc.’s (NASDAQ:META) stock was up $0.8, moving up 0.72 percent to $112.24. The average number of shares traded per day over the past five days has been 28,634,881 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.99 fall in that time frame. In the last twenty days, the average volume was 70,541,578, while in the previous 50 days, it was 49,322,137.

Since last month, META stock retreated -18.38%. Shares of the company fell to $88.09 on 11/04/22, the lowest level in the past month. A 52-week high of $352.71 was reached on 01/04/22 after having rallying from a 52-week low of $88.09. Since the beginning of this year, META’s stock price has dropped by -66.63% or -$224.11, and marked a new high 2 times. However, the stock has declined by -68.18% since its 52-week high.

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META stock investors should be aware that Meta Platforms Inc. (META) stock had its last reported insider trading activity 2 days ago on Nov 23. Newstead Jennifer, the Chief Legal Officer of the company, disposed of 342 shares for $111.60 on Nov 23. It resulted in a $38,167 divestment by the insider. Bosworth Andrew sold 15,000 shares at an average price of $114.56 on Nov 16. The insider now owns 83,519 shares following the transaction. On Nov 16, Chief Technology Officer Bosworth Andrew sold 14,670 shares at $114.54 apiece. The transaction was valued at $1,680,361.

Valuation Metrics

Right now, Meta Platforms Inc. (META) has a P/E ratio of about 10.70. The stock’s beta is 1.16. Besides these, the trailing price-to-sales (P/S) ratio of 2.51, the price-to-book (PB) ratio of 2.43, and the price-to-cash flow ratio of 11.25 may also be considered.

Financial Health

In the three months ended September 29, Meta Platforms Inc.’s quick ratio stood at 2.60, while its current ratio was 2.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.08, and the total debt-to-equity ratio was 0.08. On the profitability front, the trailing twelve-month gross margin is 80.30% percent. In the year ended September 29, operating margins totaled 29.70%. Based on annual data, META earned $95.28 billion in gross profit and brought in $117.93 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 31.00%. Return on equity (ROE) for the past 12 months was 23.20%.

In Meta Platforms Inc.’s quarter-end financial report for September 29, it reported total debt of $9.92 billion against cash and short-term investments of $27.47 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. META’s revenue fell -4.68% to $28.82 billion during the quarter, while net income inched up to $27.71 billion. While analysts expected Meta Platforms Inc. to report $1.89 quarterly earnings, the actual figure was $1.64 per share, beating the consensus estimate by -13.20%. During the quarter, the company generated $7.84 billion in EBITDA. The liabilities of Meta Platforms Inc. were 54.8 billion at the end of its most recent quarter ended September 29, and its total debt was $26.48 billion. The value of shareholders’ equity is $2.65 billion.

Technical Picture

This quick technical analysis looks at Meta Platforms Inc.’s (META) price momentum. With a historical volatility rate of 28.34%, the RSI 9-day stood at 53.23% on 23 November.

With respect to its five-day moving average, the current Meta Platforms Inc. price is down by -0.87% percent or -$0.99. At present, META shares trade -13.54% below its 20-day simple moving average and -33.27% percent below its 100-day simple moving average. However, the stock is currently trading approximately -25.90% below its SMA50 and -49.02% below its SMA200.

Stochastic coefficient K was 75.33% and Stochastic coefficient D was 75.20%, while ATR was 4.84. Given the Stochastic reading of 78.79% for the 14-day period, the RSI (14) reading has been calculated as 48.22%. As of today, the MACD Oscillator reading stands at -1.55, while the 14-day reading stands at 3.19.

Analyst Ratings

Itau BBA upgraded its rating on Meta Platforms Inc. (NASDAQ: META) to an Outperform in a note to investors on November 07, 2022. The analysts firm previously had a Market perform rating on the stock.Meta Platforms Inc. (META) has been rated Overweight by analysts. According to 2 brokerage firms, META is a sell, and 20 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 5 analysts rate Meta Platforms Inc. stock as buy, with 29 recommending it as overweight.

With a median target price of $143.00, the current consensus forecast for the stock is $80.00 – $250.00. Based on these forecasts, analysts predict Meta Platforms Inc. (META) will achieve an average price target of $146.10.


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