Meta Platforms (formerly Facebook) is a social media company headquartered in Menlo Park, California. It's one of the biggest listed companies in the United States by market capitalization.
Founded by Mark Zuckerberg in 2004, Meta Platforms owns and operates social media platforms, Facebook, Instagram and Threads as well as instant messaging service, WhatsApp, among other products and services. The company operates through two business segments: Family of Apps and Reality Labs. Meta Platforms went public on the NASDAQ in 2012.
April 8, 2024: Meta has had a positive week and is up by over 7%, leading to increasing investor interest in the stock.
Meta expects first-quarter revenue to be in the range of $34.5 billion to $37 billion. It also expects total expenses for 2024's full year to be in the range of $94 billion to $99 billion, which is unchanged from its previous outlook.
Going forward, Meta anticipates higher infrastructure-related costs, growth in payroll expenses and operating losses over the continued development of its augmented/virtual reality products and scaling its ecosystem, as per its latest earnings report.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Meta Platforms's shares have ranged in value from as little as $206.9104 up to $531.4899. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Meta Platforms's is 1.184. This would suggest that Meta Platforms's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Historical closes compared with the last close of $501.8
| 1 week (2024-04-11) | -1.97% |
|---|---|
| 1 month (2024-03-18) | 1.12% |
| 3 months (2024-01-18) | 30.86% |
| 6 months (2023-10-18) | 60.42% |
| 1 year (2023-04-18) | 132.64% |
| 2 years (2022-04-18) | 130.91% |
| 3 years (2021-04-18) | 66.03% |
| 5 years (2019-04-17) | 181.47% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Meta Platforms P/E ratio, PEG ratio and EBITDA
Meta Platforms's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 34x. In other words, Meta Platforms stocks trade at around 34x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Meta Platforms's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.1572. A PEG ratio close to 1 can be interpreted as meaning shares offer reasonable value for the current rate of growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Meta Platforms's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Meta Platforms's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $61.4 billion.
The EBITDA is a measure of a Meta Platforms's overall financial performance and is widely used to measure a its profitability.
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