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S&P 500 stock Meta Platforms (ex Facebook) trending weaker in the afternoon

Meta Platforms (ex Facebook) shares were among the losers of the day on Friday afternoon. Meta Platforms (ex Facebook) shares slipped by 2.1 percent to USD 487.22 in the NASDAQ session.

The Meta Platforms (ex Facebook) share was trading on the NASDAQ at 3:52 p.m., down 2.1 percent at USD 487.22. In the meantime, the Meta Platforms (ex Facebook) share extended its losses to a daily low of USD 486.77. The stock started the NASDAQ trading day at USD 489.45. Most recently, 1,080,773 Meta Platforms (ex Facebook) shares changed hands.

On July 9, 2024, the share price rose to the 52-week high of USD 542.79. The Meta Platforms (ex Facebook) share needs 11.41 percent to reach the 52-week high again. The stock reached the 52-week low of USD 274.39 on August 19, 2023. The 52-week low is thus 43.68 percent below the current price level.

Meta Platforms (ex Facebook) shareholders received a dividend of USD 0.000 in 2023. In the current year, the dividend payout is expected to amount to USD 1.85. The average analyst price target is USD 574.29.

On July 31, 2024, Meta Platforms (ex Facebook) commented on the key figures for the quarter ended June 30, 2024. EPS was estimated at USD 5.31. A year earlier, USD 3.03 per share was achieved. Compared to the same period last year, Meta Platforms (ex Facebook) achieved a 22.10 percent increase in sales in the past quarter. Sales amounted to USD 39.07 billion. In the previous year’s quarter, the books showed USD 32.00 billion.

Meta Platforms (ex Facebook) is expected to present the key figures for Q3 2024 on October 23, 2024.

The expert forecasts for EPS 2024 average USD 21.06 per Meta Platforms (ex Facebook) share.

Editorial staff finanzen.net

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