How Worried Should Investors Be About Meta Platforms Inc (META)

Meta Platforms Inc (NASDAQ:META) does about 14.74M shares in volume on a normal day but saw 14855514 shares change hands in Monday trading. The company now has a market cap of 1342.64B USD. Its current market price is $529.32, marking a decrease of -1.96% compared to the previous close of $539.91. The 52 week high reached by this stock is $540.87 whilst the lowest price level in 52 weeks is $274.38.

Meta Platforms Inc (META) has a 20-day trading average at $508.13 and the current price is -2.14% off the 52-week high compared with 92.91% distance from its 52-week low. The 50-day simple moving average of the closing price is $482.88 and its 200-day simple moving average is $416.70. If we look at the stock’s price movements over the week, volatility stands at 2.95%, which decreases to 2.35% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 63.79 to suggest the stock is neutral.

The consensus objective for the share price is $528.31, suggesting that the stock has a potential downside of -0.19% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 08, 2024 when Wells Fargo reiterated the stock to “Overweight” and issued a price target of between $593 and $625. BMO Capital Markets reiterated its price target at $450.

Meta Platforms Inc (META) stock is up 4.98% over the week and 6.92% over the past month. Its price is 49.54% year-to-date and 81.28% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -0.19 percent from here.

The company has a return on investment of 24.67% and return on equity of 33.36%. The price to earnings ratio (P/E ratio) amounts to 30.40 while the forward price to earnings ratio is 22.83. The beta has a value of 1.21. Price to book ratio is 8.98 and price to sales ratio is 9.41.