Create

Waves

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Meta stock price is currently trading at $305.74 and with a market cap of $786.847 Billion (at the time of writing).</a> </li> 
 <li> <span>2</span> <a>Meta stock takes a pause after a fabulous surge in price.</a> </li> 
</ul> 
<p>Meta Platforms, Inc. has performed well this month, advancing by 4.03%, and skyrocketing by 73.37% in the last six months. Meta Platforms Inc. (NASDAQ: META) stock gave an impressive year-to-date return of 148.93% and a negative 1-year return of 73.73%.</p> 
<p>Meta Platforms Inc.’s (NASDAQ: META) stock price shot up 29.15% in the last three months. Currently, META’s price is trading at $305.74 and has been in an uptrend making higher highs and higher lows.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-meta-stock-fundamentals-strong"><strong>Meta Stock Fundamentals</strong></h2> 
<p>Meta Platform revenue grew by 18.7% per year on average. Meta Platforms has a return on equity of 16.8% with a net margin of 18.7%. As per Simply Wall St., Meta’s assets and liabilities are $206.7 Billion and $72.7 Billion, respectively.</p> 
<p>Meta stock has been growing at 9.9% per year on average as per simply wall St. This growth is higher than the industry average of 3.6% for the interactive media and services sector.</p> 
<p>The market capitalization of META stock is $786.847 Billion and the total revenue is $116.60 Billion. The stock’s basic EPS is $8.64 and the price-to-earnings ratio is 36.34. The average volume is 30.962 Million and the current volume is 39.22 Million, which is above the average volume.</p> 
<p>META 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%. Company’ EBIT is $35.2 Billion, which implies an interest coverage ratio of -77.6. It has $53.4 Billion in cash and short-term investments.</p> 
<h2 class="wp-block-heading" id="strong-meta-price-stock-technical-analysis-strong"><strong>Meta Price Stock Technical Analysis&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/f3aKsVM0mINVMJQfEtMAmzrjiMQ5wAHYH2Kay2mE2JRYvV9lDpbrxlNv3gPLc-WaOLfxTW9EJ8cesXmRofOLZwyz96PAH6DhzFa_T7qL5i9AUFwjkYVUJJD08ihMSnSuDl30KAoP5_QMqP7uUjNmfPQ" alt="Meta Stock Price Projection: Can META Create Waves in 2023?"> 
  <figcaption class="wp-element-caption">
    Source: META.1D.NASDAQ by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p><a href="https://www.thecoinrepublic.com/2023/08/03/meta-stock-price-prediction-is-this-a-break-n-the-meta-rally/" target="_blank" rel="noopener noreferrer nofollow">Meta Platforms, Inc.</a> is trading above the 50 and 200-day simple moving averages, which supports the bullish trend at the current moment. The Meta price is likely to continue to rise as the daily chart shows bullish signals.</p> 
<p>The RSI is at 51.24 points and above the 50 level, indicating that the price is bullish. The 14 SMA is also above the middle line at 57.85 points, confirming the bullish momentum.</p> 
<p>The MACD line at 5.37 and signal line at 7.28 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.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>The technical parameters of the META stock price also support the bullish trend. The major indicators MACD, RSI, and EMA are giving positive signals and imply that the uptrend may continue in META stock price. Meta Platforms Inc. has some good financial stats and moving upward. It shows that the investors and traders of the stock are bullish on the 1-D time frame. The price action emphasizes a bullish outlook at the moment.</p> 
<h4 class="wp-block-heading"><strong>Technical Support and Resistance Levels</strong></h4> 
<p><strong>Resistance levels:</strong> R1 = $334.92 and R2 = $351.23</p> 
<p><strong>Support levels:</strong> S1 = $293.57 and R3 = $268.53</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>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 Trading involves risks and you should only invest what you can afford to lose.&nbsp;</p>

Meta Stock Price Prediction: Can META Create Waves in 2023?

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Thecoinrepublic.com

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