Meta Platforms Inc [META] stock prices are up 0.57% to $536.32 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The META shares have gain 6.25% over the last week, with a monthly amount glided 1.69%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Meta Platforms Inc [NASDAQ: META] stock has seen the most recent analyst activity on September 10, 2024, when DA Davidson initiated its Buy rating and assigned the stock a price target of $600. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on September 05, 2024, and set its price target to $660. On August 01, 2024, BofA Securities reiterated its Buy rating and revised its price target to $563 on the stock. Oppenheimer reiterated its Outperform rating and increased its price target to $525 on July 19, 2024. Wolfe Research initiated its recommendation with a Outperform and recommended $620 as its price target on July 16, 2024. TD Cowen reiterated a Buy rating for this stock on July 10, 2024, and upped its price target to $600. In a note dated July 08, 2024, Wells Fargo reiterated an Overweight rating on this stock and boosted its target price from $593 to $625.
The stock price of Meta Platforms Inc [META] has been fluctuating between $279.40 and $544.23 over the past year. Currently, Wall Street analysts expect the stock to reach $426.47 within the next 12 months. Meta Platforms Inc [NASDAQ: META] shares were valued at $536.32 at the most recent close of the market. An investor can expect a potential drop of -20.48% based on the average META price forecast.
Analyzing the META fundamentals
The Meta Platforms Inc [NASDAQ:META] reported sales of 149.78B for trailing twelve months, representing a surge of 22.10%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.34%. To continue investigating profitability, this company’s Return on Assets is posted at 0.22, Equity is 0.34 and Total Capital is 0.29. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.
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 530.56 points at the first support level, and at 524.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 542.09, and for the 2nd resistance point, it is at 547.86.
Ratios To Look Out For
It’s worth pointing out that Meta Platforms Inc [NASDAQ:META]’s Current Ratio is 2.83. Also, the Quick Ratio is 2.83, while the Cash Ratio stands at 1.19. Considering the valuation of this stock, the price to sales ratio is 9.06, the price to book ratio is 8.67 and price to earnings (TTM) ratio is 27.38.
Transactions by insiders
Recent insider trading involved Olivan Javier, Chief Operating Officer, that happened on Sep 13 ’24 when 413.0 shares were sold. Officer, Newstead Jennifer completed a deal on Sep 17 ’24 to buy 905.0 shares. Meanwhile, Officer Olivan Javier bought 413.0 shares on Sep 13 ’24.
