The price of MercadoLibre Inc (NASDAQ: MELI) closed at $1610.13 in the last session, down -1.18% from day before closing price of $1629.32. In other words, the price has decreased by -$19.19 from its previous closing price. On the day, 601999 shares were traded.
Ratios:
We take a closer look at MELI’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 11.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.76. For the most recent quarter (mrq), Quick Ratio is recorded 1.24 and its Current Ratio is at 1.27. In the meantime, Its Debt-to-Equity ratio is 2.09 whereas as Long-Term Debt/Eq ratio is at 0.94.
On September 01, 2023, New Street Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $1400 to $1650.
On August 22, 2023, Wedbush started tracking the stock assigning a Outperform rating and target price of $1500.Wedbush initiated its Outperform rating on August 22, 2023, with a $1500 target price.
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 Mar 08 when de la Serna Juan Martin sold 150 shares for $1250.00 per share. The transaction valued at 187,500 led to the insider holds 200 shares of the business.
de la Serna Juan Martin sold 150 shares of MELI for $189,750 on Mar 07. The Executive VP Corporate Affairs now owns 350 shares after completing the transaction at $1265.00 per share. On Mar 07, another insider, Calemzuk Emiliano, who serves as the Director of the company, sold 150 shares for $1256.00 each. As a result, the insider received 188,400 and left with 115 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, MELI now has a Market Capitalization of 81.63B and an Enterprise Value of 83.21B. As of this moment, MercadoLibre’s Price-to-Earnings (P/E) ratio for their current fiscal year is 82.78, and their Forward P/E ratio for the next fiscal year is 33.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.62 while its Price-to-Book (P/B) ratio in mrq is 26.58. Its current Enterprise Value per Revenue stands at 5.75 whereas that against EBITDA is 33.89.
Stock Price History:
Over the past 52 weeks, MELI has reached a high of $1825.00, while it has fallen to a 52-week low of $1063.02. The 50-Day Moving Average of the stock is 1,669.19, while the 200-Day Moving Average is calculated to be 1,391.01.
Shares Statistics:
According to the various share statistics, MELI traded on average about 388.21K shares per day over the past 3-months and 515.55k shares per day over the past 10 days. A total of 50.70M shares are outstanding, with a floating share count of 45.12M. Insiders hold about 10.76% of the company’s shares, while institutions hold 83.19% stake in the company. Shares short for MELI as of Jan 31, 2024 were 685.42k with a Short Ratio of 1.77, compared to 753.27k on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.36% and a Short% of Float of 1.69%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.34.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of $6.84 for the current quarter, with a high estimate of $9.04 and a low estimate of $5.01, while EPS last year was $3.97. The consensus estimate for the next quarter is $8.68, with high estimates of $10.46 and low estimates of $6.91.
Analysts are recommending an EPS of between $41.76 and $29.73 for the fiscal current year, implying an average EPS of $35.52. EPS for the following year is $47.77, with 14 analysts recommending between $56.44 and $30.87.
Revenue Estimates
According to 9 analysts, the current quarter’s revenue is expected to be $3.94B. It ranges from a high estimate of $4.19B to a low estimate of $3.78B. As of the current estimate, MercadoLibre Inc’s year-ago sales were $2.87B, an estimated increase of 37.60% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $4.27B, an increase of 25.10% less than the figure of $37.60% in the same quarter last year. There is a high estimate of $4.51B for the next quarter, whereas the lowest estimate is $4.11B.
A total of 17 analysts have provided revenue estimates for MELI’s current fiscal year. The highest revenue estimate was $19.01B, while the lowest revenue estimate was $16.63B, resulting in an average revenue estimate of $17.7B. In the same quarter a year ago, actual revenue was $14.47B, up 22.30% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $21.5B in the next fiscal year. The high estimate is $23.56B and the low estimate is $19.83B. The average revenue growth estimate for next year is up 21.50% from the average revenue estimate for this year.
