On Monday, Meta Platforms Inc (NASDAQ: META) was -1.05% drop from the session before settling in for the closing price of $589.34. A 52-week range for META has been $313.66 – $602.95.
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Communication Services Sector giant saw their annual sales surged by 19.99% over the last five years. When this article was written, the company’s average yearly earnings per share was at 51.85%. With a float of $2.18 billion, this company’s outstanding shares have now reached $2.21 billion.
The firm has a total of 67317 workers. Let’s measure their productivity. In terms of profitability, gross margin is 81.43%, operating margin of 40.68%, and the pretax margin is 40.91%.
Meta Platforms Inc (META) Insider Activity
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 13.78%, while institutional ownership is 67.53%. The most recent insider transaction that took place on Nov 05 ’24, was worth 511,498. In this transaction Chief Legal Officer of this company sold 901 shares at a rate of $567.70, taking the stock ownership to the 30,581 shares. Before that another transaction happened on Nov 01 ’24, when Company’s Chief Operating Officer sold 413 for $567.58, making the entire transaction worth $234,411. This insider now owns 10,294 shares in total.
Meta Platforms Inc (META) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 5.33 earnings per share (EPS) during the time that was better than consensus figure (set at 4.96) by 0.37. Wall Street market experts anticipate that the next fiscal year will bring earnings of 5.43 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 51.85% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.70% 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 2.73. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.38. Likewise, its price to free cash flow for the trailing twelve months is 28.06.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 21.23, a number that is poised to hit 6.71 in the next quarter and is forecasted to reach 25.26 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 12.47 million was lower than the volume posted last year of 15.09 million. As of the previous 9 days, the stock’s Stochastic %D was 71.48%. Additionally, its Average True Range was 13.69.
During the past 100 days, Meta Platforms Inc’s (META) raw stochastic average was set at 87.66%, which indicates a significant increase from 60.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.43% in the past 14 days, which was higher than the 31.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $563.02, while its 200-day Moving Average is $507.55. Now, the first resistance to watch is $587.94. This is followed by the second major resistance level at $592.72. The third major resistance level sits at $598.43. If the price goes on to break the first support level at $577.45, it is likely to go to the next support level at $571.74. Should the price break the second support level, the third support level stands at $566.96.
Meta Platforms Inc (NASDAQ: META) Key Stats
There are 2,524,489K outstanding shares of the company, which has a market capitalization of 1466.05 billion. As of now, sales total 134,902 M while income totals 39,098 M. Its latest quarter income was 40,589 M while its last quarter net income were 15,688 M.
