Witnessing the stock’s movement on the chart, on Wednesday, Meta Platforms Inc (NASDAQ: META) had a quiet start as it plunged -0.41% to $493.86, before settling in for the price of $495.89 at the close. Taking a more long-term approach, META posted a 52-week range of $197.90-$523.57.
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In the past 5-years timespan, the Communication Services sector firm’s annual sales growth was 19.99%. Meanwhile, its Annual Earning per share during the time was 14.46%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 35.01%. This publicly-traded company’s shares outstanding now amounts to $2.21 billion, simultaneously with a float of $2.19 billion. The organization now has a market capitalization sitting at $1259.05 billion. At the time of writing, stock’s 50-day Moving Average stood at $462.74, while the 200-day Moving Average is $350.80.
Meta Platforms Inc (META) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Internet Content & Information industry. Meta Platforms Inc’s current insider ownership accounts for 13.98%, in contrast to 67.42% institutional ownership. According to the most recent insider trade that took place on Mar 27 ’24, this organization’s COB and CEO sold 45,495 shares at the rate of 492.15, making the entire transaction reach 22,390,211 in total value, affecting insider ownership by 0. Preceding that transaction, on Mar 27 ’24, Company’s COB and CEO sold 31,493 for 492.14, making the whole transaction’s value amount to 15,498,873. This particular insider is now the holder of 0 in total.
Meta Platforms Inc (META) Earnings and Revenue Records
As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $5.33 earnings per share (EPS) for the period topping the consensus outlook (set at $4.96) by $0.37. Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.74 per share during the current fiscal year.
Meta Platforms Inc’s EPS increase for this current 12-month fiscal period is 35.01% and is forecasted to reach 23.23 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 26.00% through the next 5 years, which can be compared against the 14.46% growth it accomplished over the previous five years trading on the market.
Meta Platforms Inc (NASDAQ: META) Trading Performance Indicators
Let’s observe the current performance indicators for Meta Platforms Inc (META). It’s Quick Ratio in the last reported quarter now stands at 2.67. The Stock has managed to achieve an average true range (ATR) of 13.06. Alongside those numbers, its PE Ratio stands at $33.15, and its Beta score is 1.21. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 9.33. Similarly, its price to free cash flow for trailing twelve months is now 28.71.
In the same vein, META’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 14.90, a figure that is expected to reach 4.29 in the next quarter, and analysts are predicting that it will be 23.23 at the market close of one year from today.
Technical Analysis of Meta Platforms Inc (META)
Going through the that latest performance of [Meta Platforms Inc, META]. Its last 5-days volume of 9.48 million was inferior to the volume of 17.95 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 48.31% While, its Average True Range was 12.77.
Raw Stochastic average of Meta Platforms Inc (META) in the period of the previous 100 days is set at 86.20%, which indicates a major rise in contrast to 37.54% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 30.00% that was lower than 38.24% volatility it exhibited in the past 100-days period.
