Meta Platforms Inc (META)’s Day in Review: Closing at 563.09, Down by -0.43

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After finishing at $565.52 in the prior trading day, Meta Platforms Inc (NASDAQ: META) closed at $563.09, down -0.43%. In other words, the price has decreased by -$0.43 from its previous closing price. On the day, 11.11 million shares were traded. META stock price reached its highest trading level at $570.0 during the session, while it also had its lowest trading level at $549.05.

Ratios:

Our goal is to gain a better understanding of META by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.20. For the most recent quarter (mrq), Quick Ratio is recorded 2.73 and its Current Ratio is at 2.73. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.29.

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, Pivotal Research Group on October 31, 2024, Reiterated its Buy rating but revised its target price to $800 from $780 previously.

On October 31, 2024, Monness Crespi & Hardt reiterated its Buy rating and also lowered its target price recommendation from $620 to $660.

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 Nov 19 ’24 when Newstead Jennifer sold 905 shares for $552.30 per share. The transaction valued at 499,831 led to the insider holds 38,695 shares of the business.

Bosworth Andrew sold 14,746 shares of META for $8,162,417 on Nov 18 ’24. The Chief Technology Officer now owns 0 shares after completing the transaction at $553.53 per share. On Nov 15 ’24, another insider, Bosworth Andrew, who serves as the Chief Technology Officer of the company, sold 5,057 shares for $577.16 each. As a result, the insider received 2,918,698 and left with 8,565 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 1421515161600 and an Enterprise Value of 1405795696640. As of this moment, Meta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.52, and their Forward P/E ratio for the next fiscal year is 22.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.10 while its Price-to-Book (P/B) ratio in mrq is 8.64. Its current Enterprise Value per Revenue stands at 8.998 whereas that against EBITDA is 17.748.

Stock Price History:

Over the past 52 weeks, META has reached a high of $602.95, while it has fallen to a 52-week low of $313.66. The 50-Day Moving Average of the stock is -1.57%, while the 200-Day Moving Average is calculated to be 9.76%.

Shares Statistics:

The stock has traded on average 11.91M shares per day over the past 3-months and 12375680 shares per day over the last 10 days, according to various share statistics. A total of 2.21B shares are outstanding, with a floating share count of 2.18B. Insiders hold about 13.79% of the company’s shares, while institutions hold 67.25% stake in the company. Shares short for META as of 1730332800 were 30497460 with a Short Ratio of 2.56, compared to 1727654400 on 32456739. Therefore, it implies a Short% of Shares Outstanding of 30497460 and a Short% of Float of 1.39999995.

Dividends & Splits

In the trailing 12 months, META’s forward annual dividend rate was 1.5, compared to 1.50 this year. Against a Trailing Annual Dividend Yield of 0.002652426

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