On Friday, Meta Platforms Inc (NASDAQ: META) was 0.96% up from the session before settling in for the closing price of $567.78. A 52-week range for META has been $279.40 – $602.95.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 19.99%. When this article was written, the company’s average yearly earnings per share was at 43.71%. With a float of $2.18 billion, this company’s outstanding shares have now reached $2.21 billion.
Let’s determine the extent of company efficiency that accounts for 67317 employees. In terms of profitability, gross margin is 81.4%, operating margin of 40.28%, and the pretax margin is 40.14%.
Meta Platforms Inc (META) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Meta Platforms Inc stocks. The insider ownership of Meta Platforms Inc is 13.79%, while institutional ownership is 67.20%. The most recent insider transaction that took place on Oct 25 ’24, was worth 237,128. Before that another transaction happened on Oct 22 ’24, when Company’s Chief Legal Officer sold 905 for $574.70, making the entire transaction worth $520,104. This insider now owns 32,387 shares in total.
Meta Platforms Inc (META) Recent Fiscal highlights
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 4 earnings per share (EPS) during the time that was better than consensus figure (set at 3.31) by 0.69. Wall Street market experts anticipate that the next fiscal year will bring earnings of 6.36 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 43.71% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 23.40% during the next five years compared to 14.46% growth over the previous five years of trading.
Meta Platforms Inc (NASDAQ: META) Trading Performance Indicators
You can see what Meta Platforms Inc (META) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.83. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.68. Likewise, its price to free cash flow for the trailing twelve months is 29.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 19.59, a number that is poised to hit 5.21 in the next quarter and is forecasted to reach 24.46 in one year’s time.
Technical Analysis of Meta Platforms Inc (META)
Looking closely at Meta Platforms Inc (NASDAQ: META), its last 5-days average volume was 9.9 million, which is a drop from its year-to-date volume of 15.08 million. As of the previous 9 days, the stock’s Stochastic %D was 19.90%. Additionally, its Average True Range was 12.07.
During the past 100 days, Meta Platforms Inc’s (META) raw stochastic average was set at 81.47%, which indicates a significant increase from 30.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.16% in the past 14 days, which was lower than the 30.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $551.17, while its 200-day Moving Average is $496.64. However, in the short run, Meta Platforms Inc’s stock first resistance to watch stands at $579.12. Second resistance stands at $584.99. The third major resistance level sits at $588.69. If the price goes on to break the first support level at $569.55, it is likely to go to the next support level at $565.85. Now, if the price goes above the second support level, the third support stands at $559.98.
Meta Platforms Inc (NASDAQ: META) Key Stats
There are 2,536,534K outstanding shares of the company, which has a market capitalization of 1450.22 billion. As of now, sales total 134,902 M while income totals 39,098 M. Its latest quarter income was 39,071 M while its last quarter net income were 13,465 M.
