Meta Platforms Inc. (NASDAQ:META) finished Thursday with an addition of $4.64 to close at $120.26, an upside of 4.01 percent. An average of 20,956,260 shares of common stock have been traded in the last five days. There was a gain of $0.50 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 31,671,529 shares traded, while the 50-day average volume stands at 48,830,742.
META stock has increased by 9.87% in the last month. The company shares reached their 1-month lowest point of $109.38 on 11/30/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $88.09 and a high of $349.69 in 52 weeks. It has reached a new high 2 times so far this year and lost -64.25% or -$216.09 in price. In spite of this, the price is down -65.61% from the 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 Dec 28. In this transaction, the insider spent $39,822. Chief Legal Officer, Newstead Jennifer, disposed of 342 shares at a price of $116.70 on Dec 21. The insider now owns more than $39,911 worth of shares. Prior to that, Chief Legal Officer Newstead Jennifer went on to Sale 342 shares at $119.63 each on Dec 14. An amount of $40,913 was transacted.
Meta Platforms Inc. (META) has a trailing price-to-earnings (P/E) ratio of 11.47. The stock’s beta is 1.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.68, the price-to-book (PB) ratio at 2.60, and the price-to-cash flow ratio at 12.02.
The quick ratio of Meta Platforms Inc. for the three months ended September 29 was 2.60, and the current ratio was 2.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.08 and a total debt to equity ratio of 0.08 for the quarter ending September 29. Its gross profit as reported stood at $95.28 billion compared to revenue of $117.93 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Meta Platforms Inc.’s return on assets was 17.00%.
For the three-month period that ended September 29, Meta Platforms Inc. had $27.47 billion in cash and short-term investments compared to $9.92 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $4.39 billion in the quarter, while revenues of $6.69 billion were shrunk -109.19%. The analyst consensus anticipated Meta Platforms Inc.’s latest quarter earnings to come in at $1.89 per share, but it turned out to be $1.64, a -13.20% surprise. For the quarter, EBITDA amounted to $7.84 billion. Shareholders own equity worth $2.65 billion.
From a technical analysis perspective, let’s take a brief look at Meta Platforms Inc. (META) price momentum. RSI 9-day as of the close on 29 December was 57.23%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.07%.
As of today, META’s price is $117.58 +0.42% or $0.50 from its 5-day moving average. META is currently trading +1.83% higher than its 20-day SMA and -29.36% lower than its 100-day SMA. However, the stock’s current price level is -9.44% below the SMA50 and -37.37% below the SMA200.
The stochastic %K and %D were 43.89% and 41.97%, respectively, and the average true range (ATR) was 4.55. With the 14-day stochastic at 66.78% and the average true range at 4.76, the RSI (14) stands at 54.78%. The stock has reached -0.04 on the 9-day MACD Oscillator while the 14-day reading was at -0.07.
JP Morgan upgraded Meta Platforms Inc. (NASDAQ: META) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Meta Platforms Inc. (META) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell META, while 19 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 6 analysts, while 31 others rate it as a “buy”.
What is META’s price target for the next 12 months?
Analysts predict a range of price targets between $80.00 and $250.00, with a median target of $145.00. Taking a look at these predictions, the average price target given by analysts for Meta Platforms Inc. (META) stock is $145.34.