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 $493.50 in the last session, down -0.52% from day before closing price of $496.10. In other words, the price has decreased by -$0.52 from its previous closing price. On the day, 31.21 million shares were traded. META stock price reached its highest trading level at $510.0 during the session, while it also had its lowest trading level at $484.58.
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 19.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.59. For the most recent quarter (mrq), Quick Ratio is recorded 2.67 and its Current Ratio is at 2.67. 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, Citigroup on April 15, 2024, Reiterated its Buy rating but revised its target price to $590 from $525 previously.
On April 11, 2024, Piper Sandler reiterated its Overweight rating and also lowered its target price recommendation from $525 to $600.
Oppenheimer reiterated its Outperform rating for the stock on April 08, 2024, while the target price for the stock was revised from $525 to $585.
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 19 ’24 when Olivan Javier sold 490 shares for $501.18 per share. The transaction valued at 245,578 led to the insider holds 7,089 shares of the business.
Newstead Jennifer sold 585 shares of META for $291,675 on Apr 16 ’24. The Chief Legal Officer now owns 37,813 shares after completing the transaction at $498.59 per share. On Apr 12 ’24, another insider, Olivan Javier, who serves as the Chief Operating Officer of the company, sold 490 shares for $517.75 each. As a result, the insider received 253,698 and left with 7,579 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 1258375610368 and an Enterprise Value of 1230652440576. As of this moment, Meta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.13, and their Forward P/E ratio for the next fiscal year is 21.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.29 while its Price-to-Book (P/B) ratio in mrq is 8.25. Its current Enterprise Value per Revenue stands at 9.123 whereas that against EBITDA is 20.049.
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 $207.13. The 50-Day Moving Average of the stock is -0.29%, while the 200-Day Moving Average is calculated to be 33.15%.
Shares Statistics:
According to the various share statistics, META traded on average about 17.32M shares per day over the past 3-months and 16626560 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 14.03% of the company’s shares, while institutions hold 67.61% stake in the company. Shares short for META as of 1711584000 were 26846472 with a Short Ratio of 1.55, compared to 1709164800 on 27730326. Therefore, it implies a Short% of Shares Outstanding of 26846472 and a Short% of Float of 1.2200001.
