With 10.04 million shares changed hands, the volume of the stock remained lighter than its average volume of 13.89 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $544.2 whereas the lowest price it dropped to was $533.9026. The 52-week range on META shows that it touched its highest point at $544.23 and its lowest point at $279.40 during that stretch. It currently has a 1-year price target of $572.51. With its current market cap of 1360.92 billion, META has annualized dividend of $1.50 while the current yield stands at 0.28%. Beta for the stock currently stands at 1.21.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of META was up-trending over the past week, with a rise of 5.10%, but this was up by 1.64% over a month. Three-month performance surged to 7.70% while six-month performance rose 8.41%. The stock gained 77.81% in the past year, while it has gained 51.98% so far this year. A look at the trailing 12-month EPS for META yields 19.59 with Next year EPS estimates of 24.29. For the next quarter, that number is 5.19. This implies an EPS growth rate of 43.23% for this year and 14.07% for next year. EPS is expected to grow by 13.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.46%.
Float and Shares Shorts:
At present, 2.21 billion META shares are outstanding with a float of 2.18 billion shares on hand for trading. On 2024-08-30, short shares totaled 33.25 million, which was 130.99999 higher than short shares on 1722384000. In addition to Mr. Mark Elliot Zuckerberg as the firm’s Founder, Chairman & CEO, Ms. Susan J. S. Li serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.79066 of META’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, META reported revenue of $39071000000.0 and operating income of $14847000000.0. The EBITDA in the recently reported quarter was $19039000000.0 and diluted EPS was $5.16.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for META since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
