The price of Meta Platforms Inc (NASDAQ: META) closed at $493.86 in the last session, down -0.41% from day before closing price of $495.89. In other words, the price has decreased by -$2.03 from its previous closing price. On the day, 9948339 shares were traded.
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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 19.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.71. 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, Wolfe Research on February 02, 2024, Reiterated its Outperform rating but revised its target price to $530 from $430 previously.
On February 02, 2024, Wells Fargo reiterated its Overweight rating and also lowered its target price recommendation from $438 to $536.
Wedbush reiterated its Outperform rating for the stock on February 02, 2024, while the target price for the stock was revised from $420 to $520.
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 27 ’24 when Zuckerberg Mark sold 45,495 shares for $492.15 per share. The transaction valued at 22,390,211 led to the insider holds 0 shares of the business.
Zuckerberg Mark sold 31,493 shares of META for $15,498,873 on Mar 27 ’24. The COB and CEO now owns 0 shares after completing the transaction at $492.14 per share. On Mar 26 ’24, another insider, Zuckerberg Mark, who serves as the COB and CEO of the company, sold 45,919 shares for $505.85 each. As a result, the insider received 23,228,305 and left with 0 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 1.26T and an Enterprise Value of 1.23T. As of this moment, Meta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.15, and their Forward P/E ratio for the next fiscal year is 21.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.33 while its Price-to-Book (P/B) ratio in mrq is 8.26. Its current Enterprise Value per Revenue stands at 9.13 whereas that against EBITDA is 20.85.
Stock Price History:
Over the past 52 weeks, META has reached a high of $523.57, while it has fallen to a 52-week low of $197.90. The 50-Day Moving Average of the stock is 462.74, while the 200-Day Moving Average is calculated to be 350.80.
Shares Statistics:
According to the various share statistics, META traded on average about 17.86M shares per day over the past 3-months and 12.35M shares per day over the past 10 days. A total of 2.21B shares are outstanding, with a floating share count of 2.19B. Insiders hold about 13.98% of the company’s shares, while institutions hold 67.42% stake in the company. Shares short for META as of Feb 29, 2024 were 27.73M with a Short Ratio of 1.68, compared to 27.89M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.09% and a Short% of Float of 1.26%.
Dividends & Splits
The forward annual dividend rate for META is 0.50, which was 0.00 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.00%, it implies a Forward Annual Dividend Yield of 0.40%.
Earnings Estimates
The company has 41 analysts who recommend its stock at the moment. On average, analysts expect EPS of $4.27 for the current quarter, with a high estimate of $4.9 and a low estimate of $3.65, while EPS last year was $2.2. The consensus estimate for the next quarter is $4.74, with high estimates of $5.21 and low estimates of $4.23.
Analysts are recommending an EPS of between $22.45 and $15.8 for the fiscal current year, implying an average EPS of $19.93. EPS for the following year is $23.03, with 55 analysts recommending between $28.41 and $17.1.
Revenue Estimates
According to 43 analysts, the current quarter’s revenue is expected to be $36.05B. It ranges from a high estimate of $36.9B to a low estimate of $34.72B. As of the current estimate, Meta Platforms Inc’s year-ago sales were $28.64B, an estimated increase of 25.90% from the year-ago figure. For the next quarter, 42 analysts are estimating revenue of $38.21B, an increase of 25.60% less than the figure of $25.90% in the same quarter last year. There is a high estimate of $39.86B for the next quarter, whereas the lowest estimate is $36.33B.
A total of 56 analysts have provided revenue estimates for META’s current fiscal year. The highest revenue estimate was $164.44B, while the lowest revenue estimate was $151.3B, resulting in an average revenue estimate of $158.25B. In the same quarter a year ago, actual revenue was $134.9B, up 17.30% from the average estimate. Based on 54 analysts’ estimates, the company’s revenue will be $178.22B in the next fiscal year. The high estimate is $195.09B and the low estimate is $160.4B. The average revenue growth estimate for next year is up 12.60% from the average revenue estimate for this year.
