Meta Platforms Inc. [META] Is Currently 0.85 below its 200 Period Moving Avg: What Does This Mean?

Meta Platforms Inc. [NASDAQ: META] surged by $1.73 during the normal trading session on Friday and reaching a high of $207.58 during the day while it closed the day at $206.01. The company report on March 24, 2023 that Two Meta Sustainability Grant and Scholarship Recipients Share Impact.

Climate change is too great of a challenge for any of us to solve on our own. At Meta, we know that in order to affect climate change on a global scale, collectively meet the 1.5°C target goal set by the Paris Agreement, and reach our own organization goals of achieving net zero emissions across our value chain and becoming water positive by 2030, we need to enlist some of the boldest and brightest minds working across all industries to act and develop solutions for a more sustainable world.

That’s why we offer grants and scholarships to support sustainability innovation around the world. Here, we share updates from two recent grant recipients to see how the contributions are helping to facilitate growth and impact for each organization – and their community.

Meta Platforms Inc. stock has also gained 5.32% of its value over the past 7 days. However, META stock has inclined by 72.02% in the 3 months of the year. Over the past six months meanwhile, it has gained 44.24% and gained 71.19% year-on date.

The market cap for META stock reached $529.62 billion, with 2.64 billion shares outstanding and 2.20 billion shares in the current float. Compared to the average trading volume of 32.70M shares, META reached a trading volume of 27679831 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $221.60 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.

KeyBanc Capital Markets have made an estimate for Meta Platforms Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on March 22, 2023. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $190 to $250. The new note on the price target was released on March 21, 2023, representing the official price target for Meta Platforms Inc. stock.

The Average True Range (ATR) for Meta Platforms Inc. is set at 7.00, with the Price to Sales ratio for META stock in the period of the last 12 months amounting to 4.54. The Price to Book ratio for the last quarter was 4.32, with the Price to Cash per share for the same quarter was set at 15.85. Price to Free Cash Flow for META in the course of the last twelve months was 27.81 with Quick ratio for the last quarter at 2.20.

META stock trade performance evaluation

Meta Platforms Inc. [META] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.32. With this latest performance, META shares gained by 19.75% in over the last four-week period, additionally plugging by 44.24% over the last 6 months – not to mention a drop of -3.49% 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 69.40, with the RSI for the last a single of trading hit 70.73, and the three-weeks RSI is set at 68.42 for Meta Platforms Inc. [META]. The present Moving Average for the last 50 days of trading for this stock 172.51, while it was recorded at 202.01 for the last single week of trading, and 149.88 for the last 200 days.

Meta Platforms Inc. [META]: An insightful look at the core fundamentals

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 Total Capital for META is now 22.96, given the latest momentum, and Return on Invested Capital for the company is 16.02. Return on Equity for this stock inclined to 18.52, with Return on Assets sitting at 13.19. When it comes to the capital structure of this company, Meta Platforms Inc. [META] has a Total Debt to Total Equity ratio set at 21.70. Additionally, META Total Debt to Total Capital is recorded at 17.83, with Total Debt to Total Assets ending up at 14.69. Long-Term Debt to Equity for the company is recorded at 20.50, with the Long-Term Debt to Total Capital now at 16.84.

Reflecting on the efficiency of the workforce at the company, Meta Platforms Inc. [META] managed to generate an average of $268,264 per employee. Receivables Turnover for the company is 8.48 with a Total Asset Turnover recorded at a value of 0.66.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.

Earnings per share (EPS) analysis for Meta Platforms Inc. [META] stock

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 3.97%.

Meta Platforms Inc. [META]: Insider Ownership positions

There are presently around $338,152 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 $31.26 billion in META stocks shares; and FMR LLC, currently with $25.24 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 1,083 institutional holders increased their position in Meta Platforms Inc. [NASDAQ:META] by around 142,752,438 shares. Additionally, 1,909 investors decreased positions by around 159,956,832 shares, while 195 investors held positions by with 1,338,727,613 shares. The mentioned changes placed institutional holdings at 1,641,436,883 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 383 institutional investors sold positions of 30,089,094 shares during the same period.