Meta Platforms Inc. [NASDAQ: META] price surged by 4.21 percent to reach at $6.65. The company report on July 1, 2022 that Meta to Announce Second Quarter 2022 Results.
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Meta Platforms, Inc. (NASDAQ: META) announced today that the company’s second quarter 2022 financial results will be released after market close on Wednesday, July 27, 2022.
Meta will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the call can be accessed at the Meta Investor Relations website atÂ investor.fb.com, along with the company’s earnings press release, financial tables, and slide presentation.
A sum of 23142922 shares traded at recent session while its average daily volume was at 33.12M shares. Meta Platforms Inc. shares reached a high of $164.98 and dropped to a low of $159.82 until finishing in the latest session at $164.70.
The one-year META stock forecast points to a potential upside of 41.69. The average equity rating for META stock is currently 2.10, trading closer to a bullish pattern in the stock market.
Guruâ€™s Opinion on Meta Platforms Inc. [META]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for META shares is $282.47 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on META stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cowen have made an estimate for Meta Platforms Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 13, 2022. The new note on the price target was released on July 11, 2022, representing the official price target for Meta Platforms Inc. stock.
The Average True Range (ATR) for Meta Platforms Inc. is set at 7.20, with the Price to Sales ratio for META stock in the period of the last 12 months amounting to 3.57. The Price to Book ratio for the last quarter was 3.64, with the Price to Cash per share for the same quarter was set at 16.90. Price to Free Cash Flow for META in the course of the last twelve months was 10.75 with Quick ratio for the last quarter at 2.80.
META Stock Performance Analysis:
Meta Platforms Inc. [META] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.62. With this latest performance, META shares gained by 0.59% in over the last four-week period, additionally sinking by -50.58% over the last 6 months â€“ not to mention a drop of -52.19% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for META stock in for the last two-week period is set at 45.72, with the RSI for the last a single of trading hit 47.93, and the three-weeks RSI is set at 44.60 for Meta Platforms Inc. [META]. The present Moving Average for the last 50 days of trading for this stock 180.53, while it was recorded at 162.48 for the last single week of trading, and 255.18 for the last 200 days.
Insight into Meta Platforms Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Meta Platforms Inc. [META] shares currently have an operating margin of +39.65 and a Gross Margin at +80.79. Meta Platforms Inc.â€™s Net Margin is presently recorded at +33.38.
Return on Equity for this stock inclined to 31.10, with Return on Assets sitting at 24.21.
Meta Platforms Inc.â€™s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 2.80.
META Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for META. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Meta Platforms Inc. go to 7.53%.
Meta Platforms Inc. [META] Insider Position Details
There are presently around $283,487 million, or 76.80% of META stock, in the hands of institutional investors. The top three institutional holders of META stocks are: VANGUARD GROUP INC with ownership of 180,453,366, which is approximately -0.831% of the companyâ€™s market cap and around 0.55% of the total institutional ownership; BLACKROCK INC., holding 149,971,299 shares of the stock with an approximate value of $24.7 billion in META stocks shares; and FMR LLC, currently with $20.21 billion in META stock with ownership of nearly -3.675% of the companyâ€™s market capitalization.
Positions in Meta Platforms Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,716 institutional holders increased their position in Meta Platforms Inc. [NASDAQ:META] by around 98,888,487 shares. Additionally, 1,684 investors decreased positions by around 169,427,345 shares, while 229 investors held positions by with 1,452,914,347 shares. The mentioned changes placed institutional holdings at 1,721,230,179 shares, according to the latest SEC report filing. META stock had 209 new institutional investments in for a total of 14,608,942 shares, while 379 institutional investors sold positions of 22,191,890 shares during the same period.