Meta Platforms Inc (NASDAQ: META) is 41.19% higher on its value in year-to-date trading and has touched a low of $207.13 and a high of $531.49 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The META stock was last observed hovering at around $500.23 in the last trading session, with the day’s loss setting it -0.47%.
Currently trading at $499.76, the stock is -1.23% and 1.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.81 million and changing -0.09% at the moment leaves the stock 37.10% off its SMA200. META registered 125.64% gain for a year compared to 6-month gain of 58.81%.
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The stock witnessed a 3.23% loss in the last 1 month and extending the period to 3 months gives it a 36.00%, and is -3.32% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.51% over the week and 2.51% over the month.
Meta Platforms Inc (META) has around 67317 employees, a market worth around $1274.09B and $134.90B in sales. Current P/E ratio is 33.55 and Fwd P/E is 21.50. Profit margin for the company is 28.98%. Distance from 52-week low is 141.28% and -5.97% from its 52-week high. The company has generated returns on investments over the last 12 months (20.64%).
The EPS is expected to grow by 35.24% this year.
Meta Platforms Inc (META) Top Institutional Holders
The shares outstanding are 2.21B, and float is at 2.19B with Short Float at 1.22%.
Meta Platforms Inc (META) Insider Activity
The most recent transaction is an insider sale by Olivan Javier,the company’sChief Operating Officer. SEC filings show that Olivan Javier sold 490 shares of the company’s common stock on Apr 12 ’24 at a price of $517.75 per share for a total of $0.25 million. Following the sale, the insider now owns 7579.0 shares.
Meta Platforms Inc disclosed in a document filed with the SEC on Apr 09 ’24 that Newstead Jennifer (Chief Legal Officer) sold a total of 585 shares of the company’s common stock. The trade occurred on Apr 09 ’24 and was made at $522.00 per share for $0.31 million. Following the transaction, the insider now directly holds 38398.0 shares of the META stock.
Still, SEC filings show that on Apr 05 ’24, Olivan Javier (Chief Operating Officer) disposed off 490 shares at an average price of $516.51 for $0.25 million. The insider now directly holds 8,069 shares of Meta Platforms Inc (META).
