A new trading day began on Friday, with Meta Platforms Inc (NASDAQ: META) stock price up 0.90% from the previous day of trading, before settling in for the closing price of $569.20. META’s price has ranged from $313.66 to $602.95 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Communication Services Sector giant was 19.99%. Meanwhile, its annual earnings per share averaged 52.33%. With a float of $2.17 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 81.43%, operating margin of 40.68%, and the pretax margin is 40.91%.
Meta Platforms Inc (META) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Internet Content & Information Industry. The insider ownership of Meta Platforms Inc is 13.90%, while institutional ownership is 67.13%. The most recent insider transaction that took place on Nov 26 ’24, was worth 511,596. In this transaction Chief Legal Officer of this company sold 905 shares at a rate of $565.30, taking the stock ownership to the 37,790 shares. Before that another transaction happened on Nov 25 ’24, when Company’s Chief Operating Officer sold 413 for $562.77, making the entire transaction worth $232,424. This insider now owns 19,579 shares in total.
Meta Platforms Inc (META) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 52.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.00% 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
Here are Meta Platforms Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.73. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.36. Likewise, its price to free cash flow for the trailing twelve months is 27.99.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 21.23, a number that is poised to hit 6.72 in the next quarter and is forecasted to reach 25.35 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 9.49 million, which is a drop from its year-to-date volume of 14.88 million. As of the previous 9 days, the stock’s Stochastic %D was 75.86%. Additionally, its Average True Range was 13.49.
During the past 100 days, Meta Platforms Inc’s (META) raw stochastic average was set at 82.14%, which indicates a significant increase from 49.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.49% in the past 14 days, which was lower than the 30.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $575.05, while its 200-day Moving Average is $515.53. However, in the short run, Meta Platforms Inc’s stock first resistance to watch stands at $579.55. Second resistance stands at $584.79. The third major resistance level sits at $591.11. If the price goes on to break the first support level at $567.99, it is likely to go to the next support level at $561.67. Should the price break the second support level, the third support level stands at $556.43.
Meta Platforms Inc (NASDAQ: META) Key Stats
With a market capitalization of 1462.62 billion, the company has a total of 2,524,489K Shares Outstanding. Currently, annual sales are 134,902 M while annual income is 39,098 M. The company’s previous quarter sales were 40,589 M while its latest quarter income was 15,688 M.
