Market Insight: Meta Platforms Inc (META)’s Notable Gain, Closing at 501.70

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In the latest session, Meta Platforms Inc (NASDAQ: META) closed at $501.70 up 0.44% from its previous closing price of $499.49. In other words, the price has increased by $0.44 from its previous closing price. On the day, 11.13 million shares were traded. META stock price reached its highest trading level at $503.67 during the session, while it also had its lowest trading level at $496.77.

Ratios:

For a deeper understanding of Meta Platforms Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.69. 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, BMO Capital Markets on June 12, 2024, Reiterated its Market Perform rating and also kept its target price maintained to $450.

On May 02, 2024, Exane BNP Paribas started tracking the stock assigning a Underperform rating and target price of $360.

Oppenheimer reiterated its Outperform rating for the stock on April 25, 2024, while the target price for the stock was revised from $585 to $500.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 18 ’24 when Zuckerberg Mark sold 7,278 shares for $503.24 per share. The transaction valued at 3,662,588 led to the insider holds 262,761 shares of the business.

Newstead Jennifer sold 905 shares of META for $456,754 on Jun 18 ’24. The Chief Legal Officer now owns 39,655 shares after completing the transaction at $504.70 per share. On Jun 17 ’24, another insider, Zuckerberg Mark, who serves as the COB and CEO of the company, sold 16,702 shares for $505.13 each. As a result, the insider received 8,436,693 and left with 266,570 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 1272577130496 and an Enterprise Value of 1252092149760. As of this moment, Meta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.82, and their Forward P/E ratio for the next fiscal year is 21.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.92 while its Price-to-Book (P/B) ratio in mrq is 8.51. Its current Enterprise Value per Revenue stands at 8.774 whereas that against EBITDA is 18.293.

Stock Price History:

The Beta on a monthly basis for META is 1.21, which has changed by 0.7376095 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, META has reached a high of $531.49, while it has fallen to a 52-week low of $274.38. The 50-Day Moving Average of the stock is 4.40%, while the 200-Day Moving Average is calculated to be 24.14%.

Shares Statistics:

For the past three months, META has traded an average of 14.63M shares per day and 10859320 over the past ten days. A total of 2.21B shares are outstanding, with a floating share count of 2.19B. Insiders hold about 13.78% of the company’s shares, while institutions hold 67.63% stake in the company. Shares short for META as of 1715731200 were 29721686 with a Short Ratio of 1.91, compared to 1713139200 on 27026387. Therefore, it implies a Short% of Shares Outstanding of 29721686 and a Short% of Float of 1.3599999999999999.

Dividends & Splits

According to the company, the forward annual dividend rate for META is 1.00, from 0.5 in the trailing year. Against a Trailing Annual Dividend Yield of 0.001001021

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