Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of Meta Platforms Inc (NASDAQ: META) closed at $443.29 in the last session, up 0.43% from day before closing price of $441.38. In other words, the price has increased by $0.43 from its previous closing price. On the day, 31.96 million shares were traded. META stock price reached its highest trading level at $446.44 during the session, while it also had its lowest trading level at $431.97.
Ratios:
We take a closer look at META’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.70. For the most recent quarter (mrq), Quick Ratio is recorded 2.68 and its Current Ratio is at 2.68. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.24.
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, Oppenheimer on April 25, 2024, Reiterated its Outperform rating but revised its target price to $500 from $585 previously.
On April 15, 2024, Citigroup reiterated its Buy rating and also lowered its target price recommendation from $525 to $590.
Piper Sandler reiterated its Overweight rating for the stock on April 11, 2024, while the target price for the stock was revised from $525 to $600.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 23 ’24 when Newstead Jennifer sold 585 shares for $491.25 per share. The transaction valued at 287,381 led to the insider holds 37,228 shares of the business.
Olivan Javier sold 490 shares of META for $245,578 on Apr 19 ’24. The Chief Operating Officer now owns 7,089 shares after completing the transaction at $501.18 per share. On Apr 16 ’24, another insider, Newstead Jennifer, who serves as the Chief Legal Officer of the company, sold 585 shares for $498.59 each. As a result, the insider received 291,675 and left with 37,813 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 1124418322432 and an Enterprise Value of 1103933210624. As of this moment, Meta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.46, and their Forward P/E ratio for the next fiscal year is 19.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.88 while its Price-to-Book (P/B) ratio in mrq is 7.52. Its current Enterprise Value per Revenue stands at 7.735 whereas that against EBITDA is 15.897.
Stock Price History:
Over the past 52 weeks, META has reached a high of $531.49, while it has fallen to a 52-week low of $208.88. The 50-Day Moving Average of the stock is -10.45%, while the 200-Day Moving Average is calculated to be 19.06%.
Shares Statistics:
According to the various share statistics, META traded on average about 18.74M shares per day over the past 3-months and 26041380 shares per day over the past 10 days. A total of 2.21B shares are outstanding, with a floating share count of 2.18B. Insiders hold about 13.88% of the company’s shares, while institutions hold 67.65% stake in the company. Shares short for META as of 1713139200 were 27026387 with a Short Ratio of 1.44, compared to 1710460800 on 29919225. Therefore, it implies a Short% of Shares Outstanding of 27026387 and a Short% of Float of 1.24.
Dividends & Splits
The forward annual dividend rate for META is 0.50, which was 0.5 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.0011328107
