Meta Platforms Inc. [META] Is Currently 6.14 below its 200 Period Moving Avg: What Does This Mean?

Meta Platforms Inc. [NASDAQ: META] gained 6.14% or 10.72 points to close at $185.25 with a heavy trading volume of 44084533 shares. The company report on February 1, 2023 that Meta Reports Fourth Quarter and Full Year 2022 Results.

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Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2022.

“Our community continues to grow and I’m pleased with the strong engagement across our apps. Facebook just reached the milestone of 2 billion daily actives,” said Mark Zuckerberg, Meta founder and CEO. “The progress we’re making on our AI discovery engine and Reels are major drivers of this. Beyond this, our management theme for 2023 is the ‘Year of Efficiency’ and we’re focused on becoming a stronger and more nimble organization.”.

It opened the trading session at $178.92, the shares rose to $186.62 and dropped to $177.05, the range by which the price of stock traded the whole day. The daily chart for META points out that the company has recorded 13.70% gains over the past six months. However, it is still -110.3% lower than its most recent low trading price.

If we look at the average trading volume of 32.43M shares, META reached to a volume of 44084533 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $208.66 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.

DZ Bank have made an estimate for Meta Platforms Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on February 03, 2023. The new note on the price target was released on February 03, 2023, representing the official price target for Meta Platforms Inc. stock. Previously, the target price had yet another raise from $104 to $220, while Rosenblatt kept a Buy rating on META stock. On February 02, 2023, analysts increased their price target for META shares from 136 to 215.

The Average True Range (ATR) for Meta Platforms Inc. is set at 6.43, with the Price to Sales ratio for META stock in the period of the last 12 months amounting to 3.88. The Price to Book ratio for the last quarter was 3.89, with the Price to Cash per share for the same quarter was set at 16.68. Price to Free Cash Flow for META in the course of the last twelve months was 23.76 with Quick ratio for the last quarter at 2.20.

Trading performance analysis for META stock

Meta Platforms Inc. [META] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.72. With this latest performance, META shares gained by 20.98% in over the last four-week period, additionally plugging by 13.70% over the last 6 months – not to mention a drop of -10.98% 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 68.46, with the RSI for the last a single of trading hit 71.42, and the three-weeks RSI is set at 67.18 for Meta Platforms Inc. [META]. The present Moving Average for the last 50 days of trading for this stock 151.53, while it was recorded at 175.54 for the last single week of trading, and 149.84 for the last 200 days.

Meta Platforms Inc. [META]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Meta Platforms Inc. [META] shares currently have an operating margin of +28.78 and a Gross Margin at +79.63. Meta Platforms Inc.’s Net Margin is presently recorded at +19.90.

Return on Equity for this stock inclined to 18.52, with Return on Assets sitting at 13.19.

Meta Platforms Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.20.

Meta Platforms Inc. [META]: An earnings per share (EPS) analysis

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 3.63%.

An analysis of insider ownership at Meta Platforms Inc. [META]

There are presently around $304,010 million, or 75.20% of META stock, in the hands of institutional investors. The top three institutional holders of META stocks are: VANGUARD GROUP INC with ownership of 180,705,425, which is approximately -0.354% of the company’s market cap and around 0.25% of the total institutional ownership; BLACKROCK INC., holding 151,761,923 shares of the stock with an approximate value of $28.11 billion in META stocks shares; and FMR LLC, currently with $22.69 billion in META stock with ownership of nearly 6.265% of the company’s market capitalization.

Positions in Meta Platforms Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 1,080 institutional holders increased their position in Meta Platforms Inc. [NASDAQ:META] by around 142,383,533 shares. Additionally, 1,910 investors decreased positions by around 160,309,912 shares, while 195 investors held positions by with 1,338,384,400 shares. The mentioned changes placed institutional holdings at 1,641,077,845 shares, according to the latest SEC report filing. META stock had 275 new institutional investments in for a total of 30,860,025 shares, while 384 institutional investors sold positions of 30,082,861 shares during the same period.


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