Meta Platforms Inc: Rising -0.99% from 52-Week Low, Can the Stock Stay Afloat?

Meta Platforms Inc (META) has a current stock price of $335.04. During the previous trading session, the stock witnessed a notable rise, reaching a high of $335.50 after opening at $330.26. The stock’s low for the day was $329.35, and it eventually closed at $334.19.

In terms of market performance, Meta Platforms Inc had a somewhat regular. The highest value for the stock in the past year was $338.40 on 11/15/23, while the lowest value was $108.32 on 11/22/22.

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52-week price history of META Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Meta Platforms Inc’s current trading price is -0.99% away from its 52-week high, while its distance from the 52-week low is 209.30%. The stock’s price range for this period has remained between $108.32 and $338.40. The Communication Services sector company’s shares managed to surpass a trading volume of around 14.46 million for the day, which was noticeably lower compared to the shares’ average daily volume of 20.66 million over the last three months.

Financial Performance and Market Capitalization

Meta Platforms Inc (META) has experienced a quarterly rise of 15.57% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 861.01B and boasts a workforce of 86482 employees.

Analysts’ Ratings For Meta Platforms Inc

As of right now, 47 analysts are rating Meta Platforms Inc as a BUY, 4 of the polled analysts branded the stock as an OVERWEIGHT, 7 analysts are recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 1 analyst is rating the stock as SELL.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 305.98, with a change in price of +49.75. Similarly, Meta Platforms Inc recorded 22,199,063 in trading volume during the last 100 days, posting a change of +17.44%.

META Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for META stands at 0.26. Similarly, the long-term debt-to-equity ratio is also 0.25.

META Stock Stochastic Average

As of today, the raw stochastic average of Meta Platforms Inc over the past 50 days is 94.30%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 94.30%. Additionally, the Stochastic %K and %D values for the company were 92.51% and 93.23%, respectively, over the past 20 days.

META Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price gain of 178.41% this year. Over the last six months, there has been a weaker performance of 36.39%. The price of META fallen by 7.11% during the last 30 days period. For the last 5-days stocks have improved 1.91%.

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