At the time of writing, MercadoLibre Inc [MELI] stock is trading at $1996.44, up 5.15%. An important factor to consider is whether the stock is rising or falling in short-term value. The MELI shares have gain 6.80% over the last week, with a monthly amount glided 19.54%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
MercadoLibre Inc [NASDAQ: MELI] stock has seen the most recent analyst activity on May 24, 2024, when New Street downgraded its rating to a Neutral. Previously, Jefferies upgraded its rating to Buy on May 20, 2024, and elevated its price target to $2100. On April 23, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $1685 on the stock. BofA Securities upgraded its rating to a Buy but stick to its price target of $2000 on November 27, 2023. New Street upgraded its rating to a Buy and raised its price target to $1650 on September 01, 2023. Wedbush started tracking with a Outperform rating for this stock on August 22, 2023, and assigned it a price target of $1500. In a note dated July 10, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $1680 to $1350.
For the past year, the stock price of MercadoLibre Inc fluctuated between $1141.04 and $1923.18. Currently, Wall Street analysts expect the stock to reach $1712.69 within the next 12 months. MercadoLibre Inc [NASDAQ: MELI] shares were valued at $1996.44 at the most recent close of the market. An investor can expect a potential drop of -14.21% based on the average MELI price forecast.
Analyzing the MELI fundamentals
According to MercadoLibre Inc [NASDAQ:MELI], the company’s sales were 17.43B for trailing twelve months, which represents an 48.55% jump. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.44 and Total Capital is 0.31. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.7.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1,941.40 points at the first support level, and at 1,886.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 2,025.08, and for the 2nd resistance point, it is at 2,053.72.
Ratios To Look Out For
It is important to note that MercadoLibre Inc [NASDAQ:MELI] has a current ratio of 1.28. On the other hand, the Quick Ratio is 1.26, and the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 5.81, the price to book ratio is 27.68 and price to earnings (TTM) ratio is 72.17.
Transactions by insiders
Recent insider trading involved Meliga No.1 Limited Partnershi, 7.2% stockholder, that happened on Aug 13 ’24 when 100000.0 shares were purchased.
