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MercadoLibre Inc (NASDAQ: MELI) closed the day trading at $1970.72 down -4.62% from the previous closing price of $2066.12. In other words, the price has decreased by -$4.62 from its previous closing price. On the day, 0.51 million shares were traded. MELI stock price reached its highest trading level at $2015.42 during the session, while it also had its lowest trading level at $1953.33.
Ratios:
For a better understanding of MELI, 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 12.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.41. For the most recent quarter (mrq), Quick Ratio is recorded 1.26 and its Current Ratio is at 1.28. In the meantime, Its Debt-to-Equity ratio is 1.89 whereas as Long-Term Debt/Eq ratio is at 0.84.
On September 27, 2024, Raymond James started tracking the stock assigning a Outperform rating and target price of $2350.
On September 05, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $2530.Cantor Fitzgerald initiated its Overweight rating on September 05, 2024, with a $2530 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 13 ’24 when Meliga No.1 Limited Partnershi bought 100,000 shares for $1883.62 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MELI now has a Market Capitalization of 99910377472 and an Enterprise Value of 98443452416. As of this moment, MercadoLibre’s Price-to-Earnings (P/E) ratio for their current fiscal year is 71.24, and their Forward P/E ratio for the next fiscal year is 39.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.73 while its Price-to-Book (P/B) ratio in mrq is 27.33. Its current Enterprise Value per Revenue stands at 5.754 whereas that against EBITDA is 33.725.
Stock Price History:
Over the past 52 weeks, MELI has reached a high of $2161.73, while it has fallen to a 52-week low of $1141.04. The 50-Day Moving Average of the stock is 1.14%, while the 200-Day Moving Average is calculated to be 16.13%.
Shares Statistics:
Over the past 3-months, MELI traded about 312.52K shares per day on average, while over the past 10 days, MELI traded about 335710 shares per day. A total of 50.70M shares are outstanding, with a floating share count of 46.91M. Insiders hold about 7.46% of the company’s shares, while institutions hold 81.78% stake in the company. Shares short for MELI as of 1726185600 were 674851 with a Short Ratio of 2.16, compared to 1723680000 on 666144. Therefore, it implies a Short% of Shares Outstanding of 674851 and a Short% of Float of 1.6199999999999999.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.34.
