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.
May 13, 2024: Meta Platforms will discontinue its work-focused Workplace app as the company shifts its focus on building artificial intelligence and metaverse technologies, the Facebook parent said on Tuesday, according to Fast Company.
May 9, 2024: Shares of Meta inched 0.60% higher to $475.42 Thursday, on what proved to be an all-around positive trading session for the stock market. This was the stock's seventh consecutive day of gains, according to MarketWatch.
April 24, 2024: Meta stock tumbled after reporting its first quarter earnings even though it beat analyst expectations for profit and revenue. The decline is partly due the amount of cash that's been ploughed into the metaverse and plans to keep spending on artificial intelligence (AI).
For the current quarter, the Menlo Park, California-based company said it expects revenue between $36.5 billion and $39 billion. Analysts are expecting revenue of $38.25 billion for the second quarter, which is higher than the midpoint of Meta’s guidance range.
Meta also said it expects its 2024 capital expenses to be higher than anticipated due to its investments in artificial intelligence. It is forecasting expenses in the range of $35 billion to $40 billion, up from its earlier guidance of $30 billion to $37 billion, according to AP News.
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View Meta Platforms's price performance, share price volatility, historical data and technicals.
Over the last 12 months, Meta Platforms's shares have ranged in value from as little as $243.1521 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 1.208. 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 $472.8
| 1 week (2024-05-09) | -0.71% |
|---|---|
| 1 month (2024-04-17) | -5.78% |
| 3 months (2024-02-15) | -0.11% |
| 6 months (2023-11-16) | 41.12% |
| 1 year (2023-05-17) | 91.53% |
| 2 years (2022-05-17) | 145.94% |
| 3 years (2021-05-17) | 52.54% |
| 5 years (2019-05-16) | 155.15% |
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.
Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.
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 27x. In other words, Meta Platforms's stocks trade at around 27x 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 $68.4 billion.
The EBITDA is a measure of Meta Platforms's overall financial performance and is widely used to measure a its profitability.
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Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
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