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

One of the losers of the day on Friday afternoon was the share of Meta Platforms (ex Facebook). The Meta Platforms (ex Facebook) share was last down 0.1 percent at USD 516.28 in the NASDAQ session.

Meta Platforms (ex Facebook) stock was on the decline at 3:53 p.m., losing 0.1 percent to USD 516.28 in NASDAQ trading. At its peak, Meta Platforms (ex Facebook) shares fell to USD 515.02. At the start of trading, the share was still valued at USD 522.00. Most recently, 396,107 Meta Platforms (ex Facebook) shares changed hands via NASDAQ.

The stock reached its current 52-week high of USD 544.20 on August 23, 2024. The Meta Platforms (ex Facebook) share is therefore 5.13 percent lower than the 52-week high. At a value of USD 279.49, the share reached its lowest level in 52 weeks (October 27, 2023). With the current price, the Meta Platforms (ex Facebook) share is trading 84.72 percent above the 52-week low.

In 2023, a dividend of USD 0.000 was paid to Meta Platforms (ex Facebook) shareholders. In the current year, experts expect USD 1.86. On average, analysts expect a price target of USD 574.29.

Meta Platforms (ex Facebook) let us take a look at its books on July 31, 2024: At the quarterly financial conference, the group disclosed its balance sheet for the quarter ended June 30, 2024. Earnings per share amounted to USD 5.31 compared to USD 3.03 in the same quarter last year. 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 same quarter last year, the books showed USD 32.00 billion.

Meta Platforms (ex Facebook) is expected to present its financial results for Q3 2024 on October 23, 2024.

According to analysts, Meta Platforms (ex Facebook)’s balance sheet is expected to show earnings of USD 21.29 per share in 2024.

Editorial staff finanzen.net

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