Stick With Meta Platforms Inc (META). The Bull Are Alive And Well

Currently, there are 2.21B common shares owned by the public and among those 2.18B shares have been available to trade.

The company’s stock has a 5-day price change of -1.01% and 18.90% over the past three months. META shares are trading 66.67% year to date (YTD), with the 12-month market performance up to 79.96% higher. It has a 12-month low price of $279.40 and touched a high of $602.95 over the same period. META has an average intraday trading volume of 13.82 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.49%, 9.77%, and 21.51% respectively.

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Institutional ownership of Meta Platforms Inc (NASDAQ: META) shares accounts for 67.22% of the company’s 2.21B shares outstanding.

It has a market capitalization of $1492.47B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 30.12, while the earnings-per-share (ttm) stands at $19.59. The company has a PEG of 1.52 and a Quick Ratio of 2.83 with the debt-to-equity ratio at 0.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.90% over the week and 2.11% over the month.

Earnings per share for the fiscal year are expected to increase by 43.54%, and 14.17% over the next financial year. EPS should grow at an annualized rate of 19.80% over the next five years, compared to 14.46% over the past 5-year period.

Cantor Fitzgerald coverage for the Meta Platforms Inc (META) stock in a research note released on October 09, 2024 offered a Overweight rating with a price target of $670. Pivotal Research Group was of a view on October 01, 2024 that the stock is Buy, while Monness Crespi & Hardt gave the stock Buy rating on September 30, 2024, issuing a price target of $570- $620. DA Davidson on their part issued Buy rating on September 10, 2024.

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