Currently, there are 2.18B common shares owned by the public and among those 2.17B shares have been available to trade.
The company’s stock has a 5-day price change of 1.02% and 3.28% over the past three months. META shares are trading 67.04% year to date (YTD), with the 12-month market performance up to 65.00% higher. It has a 12-month low price of $340.01 and touched a high of $638.40 over the same period. META has an average intraday trading volume of 12.17 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 -3.02%, 0.62%, and 12.07% respectively.
Institutional ownership of Meta Platforms Inc (NASDAQ: META) shares accounts for 67.13% of the company’s 2.18B shares outstanding.
It has a market capitalization of $1483.53B and a beta (3y monthly) value of 1.19. The stock’s trailing 12-month PE ratio is 27.84, while the earnings-per-share (ttm) stands at $21.23. The company has a PEG of 1.64 and a Quick Ratio of 2.73 with the debt-to-equity ratio at 0.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.84% over the week and 2.60% over the month.
Analysts forecast that Meta Platforms Inc (META) will achieve an EPS of 6.73 for the current quarter, 5.41 for the next quarter and 25.37 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 6.15 while analysts give the company a high EPS estimate of 6.15. Comparatively, EPS for the current quarter was 5.33 a year ago. Earnings per share for the fiscal year are expected to increase by 52.40%, and 11.99% over the next financial year. EPS should grow at an annualized rate of 17.00% over the next five years, compared to 14.46% over the past 5-year period.
Looking at the support for the META, a number of firms have released research notes about the stock. Pivotal Research Group stated their Buy rating for the stock in a research note on October 31, 2024, with the firm’s price target at $780-$800. Monness Crespi & Hardt coverage for the Meta Platforms Inc (META) stock in a research note released on October 31, 2024 offered a Buy rating with a price target of $660. Scotiabank was of a view on October 11, 2024 that the stock is Sector Perform, while Cantor Fitzgerald gave the stock Overweight rating on October 09, 2024, issuing a price target of $660- $670. Pivotal Research Group on their part issued Buy rating on October 01, 2024.
