Meta Platforms Inc [NASDAQ: META] slipped around -13.83 points on Friday, while shares priced at $498.87 at the close of the session, down -2.70%.
Compared to the average trading volume of 14.83M shares, META reached a trading volume of 19643996 in the most recent trading day, which is why market watchdogs consider the stock to be active.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
What do top market gurus 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 $529.54 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 1.49. 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.
TD Cowen have made an estimate for Meta Platforms Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 10, 2024. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $593 to $625. The new note on the price target was released on July 08, 2024, representing the official price target for Meta Platforms Inc stock. Previously, the target price had yet another raise from $550 to $600, while Raymond James kept a Strong Buy rating on META stock.
The Average True Range (ATR) for Meta Platforms Inc is set at 13.87, with the Price to Sales ratio for META stock in the period of the last 12 months amounting to 8.87. The Price to Book ratio for the last quarter was 8.46, with the Price to Cash per share for the same quarter was set at 22.95. Price to Free Cash Flow for META in the course of the last twelve months was 25.54 with Quick ratio for the last quarter at 2.68.
How has META stock performed recently?
Meta Platforms Inc [META] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.60. With this latest performance, META shares dropped by -1.69% in over the last four-week period, additionally plugging by 34.66% over the last 6 months – not to mention a rise of 61.27% 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 46.18, with the RSI for the last a single of trading hit 40.73, and the three-weeks RSI is set at 49.05 for Meta Platforms Inc [META]. The present Moving Average for the last 50 days of trading for this stock 489.46, while it was recorded at 521.12 for the last single week of trading, and 421.11 for the last 200 days.
Meta Platforms Inc [META]: Deeper insight into the fundamentals
Meta Platforms Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.68 and a Current Ratio set at 2.68.
Earnings analysis for Meta Platforms Inc [META]
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 30.00%.
Insider trade positions for Meta Platforms Inc [META]
The top three institutional holders of META stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in META stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in META stock with ownership which is approximately 5.1238%.