A share price of MercadoLibre Inc [MELI] is currently trading at $1834.17, up 3.92%. An important factor to consider is whether the stock is rising or falling in short-term value. The MELI shares have gain 5.85% over the last week, with a monthly amount drifted -4.94%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
MercadoLibre Inc [NASDAQ: MELI] stock has seen the most recent analyst activity on October 11, 2024, when Redburn Atlantic initiated its Buy rating and assigned the stock a price target of $2800. Previously, JP Morgan downgraded its rating to Neutral on October 02, 2024, and kept the price target unchanged to $2400. On September 27, 2024, Raymond James initiated with a Outperform rating and assigned a price target of $2350 on the stock. Cantor Fitzgerald started tracking the stock assigning a Overweight rating and suggested a price target of $2530 on September 05, 2024. New Street downgraded its rating to a Neutral. Jefferies upgraded its rating to Buy for this stock on May 20, 2024, and upped its price target to $2100. In a note dated April 23, 2024, DZ Bank upgraded an Buy rating on this stock but restated the target price of $1685.
MercadoLibre Inc experienced fluctuations in its stock price throughout the past year between $1324.99 and $2161.73. Currently, Wall Street analysts expect the stock to reach $2404.29 within the next 12 months. MercadoLibre Inc [NASDAQ: MELI] shares were valued at $1834.17 at the most recent close of the market. An investor can expect a potential return of 31.08% based on the average MELI price forecast.
Analyzing the MELI fundamentals
Trailing Twelve Months sales for MercadoLibre Inc [NASDAQ:MELI] were 18.98B which represents 41.28% growth. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.41 and Total Capital is 0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.31.
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 1,800.62 points at the first support level, and at 1,767.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 1,858.86, and for the 2nd resistance point, it is at 1,883.55.
Ratios To Look Out For
To put it in perspective, the Current Ratio for MercadoLibre Inc [NASDAQ:MELI] is 1.25. On the other hand, the Quick Ratio is 1.22, and the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 5.09, the price to book ratio is 23.24 and price to earnings (TTM) ratio is 64.71.
Transactions by insiders
Recent insider trading involved Calemzuk Emiliano, Director, that happened on Nov 29 ’24 when 50.0 shares were sold. Director, Calemzuk Emiliano completed a deal on Nov 27 ’24 to buy 50.0 shares. Meanwhile, 7.2% stockholder Meliga No.1 Limited Partnershi bought 100000.0 shares on Aug 13 ’24.
