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Facebook meta stock price prediction1/19/2024 ![]() The rollout of the Reels feature on Facebook and Instagram has already resulted in increased engagement. The latest in its rivalry with TikTok may also signal a growth resurgence for Meta’s flagship platforms. As Louis Navellier recently discussed, Meta, which has already built-out its artificial intelligence ( AI) infrastructure, may be able to quickly capitalize on this emerging trend. Alongside this factor, there are other potential tailwinds/growth catalysts. In 2021, the company reported earnings of $13.77 per share, versus $8.59 per share reported for the full-year 2022. This alone could get Meta Platforms back to its high-water mark of profitability. Why? For starters, economic conditions, which have negatively affected digital advertising demand since last year, could normalize over the next few quarters. Even so, this positive shift in the underlying story with the company may be poised to continue playing out. Trading involves risks and you should only invest what you can afford to lose.Meta Platforms has made major progress turning itself into a lean, mean, profit-making machine. Technical analysis is based on historical patterns and trends and does not guarantee future results. The information provided in this article is for educational purposes only and does not constitute investment advice. The major indicators MACD, RSI, and EMA are giving positive signals and imply that the uptrend may continue in META stock price. The technical parameters of the META stock price also support the bullish trend. The price action highlights a bullish outlook at the time of publishing. (NASDAQ: META) shows that the investors and traders of the stock are bullish on the 1-D time frame. The MACD line at 8.97 and signal line at 8.65 are above the zero line, and a bullish cross is expected soon in the MACD oscillator, which signals more upside potential for the META stock price. The 14 SMA is also above the middle line at 62.76 points, confirming the bullish momentum. The RSI is at 58.90 points and above the 50 level, indicating that the price is bullish. The Meta price is likely to continue to rise as the daily chart shows bullish signals. is trading above the 50 and 200-day EMAs (exponential moving average), which supports the bullish trend of the Meta stock price. ![]() Currently, META’s price is trading at $314.31 and has been in an uptrend making higher highs and higher lows. The price action shows that Meta Platforms Inc.’s (NASDAQ: META) stock price has been on a rising trend for the last three months, increasing by 36.18%. (NASDAQ: META) stock has a positive year-to-date return of 165.01% and a negative 1-year return of 106.40%. The stock has performed well this month, rising by 14.40% and soaring by 117.85% in the last six months. The average volume is 30.962 Million, and the current volume is 39.22 Million, which is above the average volume. The stock’s basic EPS is $8.64, and the price-to-earnings ratio is 36.34. The market capitalization of META stock is $808.903 Billion, and the total revenue is $116.60 Billion. It has $53.4 Billion in cash and short-term investments. As per Simply Wall St., Meta’s assets and liabilities are $206.7 Billion and $72.7 Billion, respectively.Ĭompany’ EBIT is $35.2 Billion, which implies an interest coverage ratio of -77.6. The company has a shareholder equity of $134.0 Billion and a debt of $18.4 Billion, resulting in a debt-to-equity ratio of 13.7%. Meta Platforms has a return on equity of 16.8% and a net margin of 18.7%. Its revenues have also been increasing by 18.7% per year on average. This is higher than the industry average of 3.6% for the Interactive Media and Services sector. Meta has seen a growth of 9.9% in its earnings per year on average, according to Simply Wall St., a financial website. ![]() Meta also revealed its plan to build a metaverse, a virtual realm where people can connect and create content. (NASDAQ: META) is a social media powerhouse that operates well-known platforms such as Facebook, Instagram, WhatsApp, Messenger, and Oculus. Meta stock is the new name of the company previously called Facebook. (NASDAQ: META) stock’s current market cap is $808.903 Billion. 1 Meta stock price is currently trading at $314.31 and is made the higher pattern. ![]()
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