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MercadoLibre Inc (NASDAQ: MELI) closed the day trading at $1666.00 down -2.94% from the previous closing price of $1716.38. In other words, the price has decreased by -$2.94 from its previous closing price. On the day, 0.92 million shares were traded. MELI stock price reached its highest trading level at $1746.97 during the session, while it also had its lowest trading level at $1662.765.
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 10.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.02. For the most recent quarter (mrq), Quick Ratio is recorded 1.22 and its Current Ratio is at 1.25. In the meantime, Its Debt-to-Equity ratio is 2.01 whereas as Long-Term Debt/Eq ratio is at 0.98.
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, Redburn Atlantic on October 11, 2024, initiated with a Buy rating and assigned the stock a target price of $2800.
On October 02, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $2400.
On September 27, 2024, Raymond James started tracking the stock assigning a Outperform rating and target price of $2350.Raymond James initiated its Outperform rating on September 27, 2024, with a $2350 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 Nov 29 ’24 when Calemzuk Emiliano sold 50 shares for $1984.98 per share. The transaction valued at 99,249 led to the insider holds 238 shares of the business.
Calemzuk Emiliano bought 50 shares of MELI for $104,230 on Nov 27 ’24. On Aug 13 ’24, another insider, Meliga No.1 Limited Partnershi, who serves as the 7.2% stockholder of the company, bought 100,000 shares for $1883.62 each.
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 84461871104 and an Enterprise Value of 86682959872. As of this moment, MercadoLibre’s Price-to-Earnings (P/E) ratio for their current fiscal year is 58.78, and their Forward P/E ratio for the next fiscal year is 36.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.45 while its Price-to-Book (P/B) ratio in mrq is 21.10. Its current Enterprise Value per Revenue stands at 4.687 whereas that against EBITDA is 31.951.
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 $1324.99. The 50-Day Moving Average of the stock is -15.49%, while the 200-Day Moving Average is calculated to be -6.68%.
Shares Statistics:
Over the past 3-months, MELI traded about 416.04K shares per day on average, while over the past 10 days, MELI traded about 503720 shares per day. A total of 50.70M shares are outstanding, with a floating share count of 46.82M. Insiders hold about 7.64% of the company’s shares, while institutions hold 81.42% stake in the company. Shares short for MELI as of 1732838400 were 816241 with a Short Ratio of 1.96, compared to 1730332800 on 602948. Therefore, it implies a Short% of Shares Outstanding of 816241 and a Short% of Float of 1.96.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.34.
