On November 20, 2023, Meta Platforms Inc (NASDAQ: META) opened at $334.89, higher 1.47% from the last session. During the day, the shares moved up to $341.87 and dropped to $334.19 before settling in for the closing price of $335.04. Price fluctuations for META have ranged from $108.32 to $338.40 over the past 52 weeks.
Communication Services Sector giant saw their annual sales surged by 24.32% over the last five years. Company’s average yearly earnings per share was noted 67.17% at the time writing. With a float of $2.21 billion, this company’s outstanding shares have now reached $2.25 billion.
The firm has a total of 86482 workers. Let’s measure their productivity. In terms of profitability, gross margin is +79.63, operating margin of +28.78, and the pretax margin is +24.71.
Meta Platforms Inc (META) Insider Activity
A key investor’s attitude towards the stock of the Internet Content & Information industry is another important factor to consider. The insider ownership of Meta Platforms Inc is 13.90%, while institutional ownership is 66.94%. The most recent insider transaction that took place on Nov 17, was worth 9,345,874. In this transaction COB and CEO of this company sold 28,009 shares at a rate of $333.67, taking the stock ownership to the 0 shares. Before that another transaction happened on Nov 16, when Company’s COB and CEO sold 28,009 for $330.89, making the entire transaction worth $9,267,976. This insider now owns 0 shares in total.
Meta Platforms Inc (META) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $4.39 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $3.63) by $0.76. This company achieved a net margin of +19.90 while generating a return on equity of 18.52. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 67.17% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 32.47% during the next five years compared to 9.76% growth over the previous five years of trading.
Meta Platforms Inc (NASDAQ: META) Trading Performance Indicators
Check out the current performance indicators for Meta Platforms Inc (META). In the past quarter, the stock posted a quick ratio of 2.57. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.88. Likewise, its price to free cash flow for the trailing twelve months is 23.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 11.33, a number that is poised to hit 4.83 in the next quarter and is forecasted to reach 17.53 in one year’s time.
Technical Analysis of Meta Platforms Inc (META)
Analysing the last 5-days average volume posted by the [Meta Platforms Inc, META], we can find that recorded value of 16.43 million was lower than the volume posted last year of 25.24 million. As of the previous 9 days, the stock’s Stochastic %D was 87.03%. Additionally, its Average True Range was 8.33.
During the past 100 days, Meta Platforms Inc’s (META) raw stochastic average was set at 97.18%, which indicates a significant increase from 95.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.54% in the past 14 days, which was lower than the 29.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $312.20, while its 200-day Moving Average is $264.77. Now, the first resistance to watch is $343.16. This is followed by the second major resistance level at $346.36. The third major resistance level sits at $350.84. If the price goes on to break the first support level at $335.48, it is likely to go to the next support level at $331.00. Should the price break the second support level, the third support level stands at $327.80.
Meta Platforms Inc (NASDAQ: META) Key Stats
There are currently 2,569,863K shares outstanding in the company with a market cap of 873.68 billion. Presently, the company’s annual sales total 116,609 M according to its annual income of 23,200 M. Last quarter, the company’s sales amounted to 34,146 M and its income totaled 11,583 M.