During the last session, Meta Platforms Inc (NASDAQ:META)’s traded shares were 82.53 million, with the beta value of the company hitting 1.17. At the end of the trading day, the stock’s price was $441.38, reflecting an intraday loss of -10.56% or -$52.12. The 52-week high for the META share is $531.49, that puts it down -20.42 from that peak though still a striking 53.07% gain since the share price plummeted to a 52-week low of $207.13. The company’s market capitalization is $1121.33B, and the average trade volume was 17.67 million shares over the past three months.
Meta Platforms Inc (NASDAQ:META) trade information
Meta Platforms Inc (META) registered a -10.56% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -10.56% in intraday trading to $441.38, hitting a weekly high. The stock’s 5-day price performance is -12.04%, and it has moved by -10.99% in 30 days. Based on these gigs, the overall price performance for the year is 112.66%.
Meta Platforms Inc (META) estimates and forecasts
Statistics show that Meta Platforms Inc has outperformed its competitors in share price, compared to the industry in which it operates. Meta Platforms Inc (META) shares have gone up 41.22% during the last six months, with a year-to-date growth rate more than the industry average at 35.71% against 19.70. In the rating firms’ projections, revenue will increase 17.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 35.76B as predicted by 42 analyst(s). Meanwhile, a consensus of 39 analyst(s) estimates revenue growth to 36.57B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 30.41B and 33.56B respectively. In this case, analysts expect current quarter sales to grow by 17.60% and then jump by 9.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 14.46%. While earnings are projected to return 35.16% in 2024, the next five years will return 26.00% per annum.
META Dividends
Meta Platforms Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Meta Platforms Inc is 0.50, with the dividend yield indicating at 0.11 percent, continuing the trend of increasing dividends in recent years.
