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Meta Platforms Inc (NASDAQ: META) closed the day trading at $516.78 down -0.45% from the previous closing price of $519.10. In other words, the price has decreased by -$0.45 from its previous closing price. On the day, 9.0 million shares were traded. META stock price reached its highest trading level at $521.085 during the session, while it also had its lowest trading level at $512.45.
Ratios:
For a better understanding of META, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.34. For the most recent quarter (mrq), Quick Ratio is recorded 2.83 and its Current Ratio is at 2.83. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.23.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BofA Securities on August 01, 2024, Reiterated its Buy rating but revised its target price to $563 from $550 previously.
On July 19, 2024, Oppenheimer reiterated its Outperform rating and also lowered its target price recommendation from $500 to $525.
On July 16, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $620.Wolfe Research initiated its Outperform rating on July 16, 2024, with a $620 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 28 ’24 when Zuckerberg Mark sold 7,975 shares for $516.36 per share. The transaction valued at 4,117,970 led to the insider holds 531,884 shares of the business.
Zuckerberg Mark sold 10,632 shares of META for $5,529,788 on Aug 27 ’24. The COB and CEO now owns 0 shares after completing the transaction at $520.11 per share. On Aug 26 ’24, another insider, Zuckerberg Mark, who serves as the COB and CEO of the company, sold 16,702 shares for $520.48 each. As a result, the insider received 8,692,977 and left with 2,657 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, META now has a Market Capitalization of 1313225834496 and an Enterprise Value of 1287269646336. As of this moment, Meta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.38, and their Forward P/E ratio for the next fiscal year is 21.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.73 while its Price-to-Book (P/B) ratio in mrq is 8.35. Its current Enterprise Value per Revenue stands at 8.594 whereas that against EBITDA is 17.215.
Stock Price History:
Over the past 52 weeks, META has reached a high of $544.23, while it has fallen to a 52-week low of $279.40. The 50-Day Moving Average of the stock is 2.62%, while the 200-Day Moving Average is calculated to be 14.52%.
Shares Statistics:
Over the past 3-months, META traded about 13.98M shares per day on average, while over the past 10 days, META traded about 11384930 shares per day. A total of 2.21B shares are outstanding, with a floating share count of 2.18B. Insiders hold about 13.80% of the company’s shares, while institutions hold 67.02% stake in the company. Shares short for META as of 1723680000 were 31595221 with a Short Ratio of 2.26, compared to 1721001600 on 29858953. Therefore, it implies a Short% of Shares Outstanding of 31595221 and a Short% of Float of 1.45000005.
Dividends & Splits
META’s forward annual dividend rate is 1.00, up from 1.0 a year ago. Against a Trailing Annual Dividend Yield of 0.0019264112
