Based

Future

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Meta Will announce its earnings on 31st October.</a> </li> 
 <li> <span>2</span> <a>The Meta share price has advanced by more than 50% in the last 60 months.</a> </li> 
</ul> 
<p>One of the world’s top social media and technology companies is Meta Platforms Inc., which used to be called Facebook. It runs several popular platforms, such as Facebook, Instagram, WhatsApp, Messenger, Thread, and Rolls, that connect billions of people around the world. It also creates innovative products and services,&nbsp; similar to Oculus, Portal, Novi, and Horizon, that end up making a&nbsp; further immersive and inclusive metaverse. The company was founded in 2004 and the current CEO of the company is Mark Elliot Zuckerberg.</p> 
<p>The share price of the Meta Platforms has consistently advanced in the last six months. Its market cap increased to 784.994 Billion. The Meta stock has an EPS of $8.64, which denotes the amount the company earns on each share. The company’s price-to-earnings ratio is 35.27, which indicates that the investors are ready to pay a higher price for the stock of the META company.</p> 
<p>The net cash for Meta Platforms Inc. has advanced by 124.3% compared to last year’s Q2 results resulting in $28.95 Billion, following an advance of 130.7% in long-term debt of the company, which is not good for the share. The ROI has also declined by 39.4%, leading to a further decline of -5.3% year-on-year in ROIC. Despite the negative performance of the company, it has a debt/equity ratio of 27.02%.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-meta-platforms-inc-performance-analysis-strong"><strong>Meta Platforms Inc. Performance Analysis</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
  <img decoding="async" loading="lazy" src="https://lh5.googleusercontent.com/vkEeuNjm3vYD0Ft3Xy8b_TsNz_CTBV1xEn-Yzhm3XBVw6LkPJAm5V2W_ezUAio-tJAy7Jjvy6G4iK8a7-D9R1KEPyETDm_B2-JjEBHnqiMQKUB5sT2nCjTlF7jkAVxqf1IYOVf5nWwaRe2gSmCMsyic" alt="How Zuckerberg’s Vision For Future Of Medicine Impacts Meta Share?" style="width: 100%;height:240px" width="1170" height="240">
  <figcaption class="wp-element-caption">
   Source:<a href="https://in.tradingview.com/symbols/NASDAQ-META/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>The total revenue made by Meta Platforms for the year 2022 is $116.61 Billion. The resulting net income of the company is $23.20B, which resulted in a huge advance of debt and a decline in cash flow as compared to the year 2022. The current debt of the company has increased by $12.8 Billion for the year 2022, following an EBITDA of 36%.</p> 
<h2 class="wp-block-heading" id="strong-meta-share-technical-analysis-strong"><strong>META Share Technical Analysis</strong></h2>    
<p><a href="https://in.tradingview.com/chart/META/5dq2WupQ-z/">z</a> by <a href="https://in.tradingview.com/u/writer11_gsm/">writer11_gsm</a> on <a href="https://in.tradingview.com/">TradingView.com</a></p>  
<p>The META share price has been following an uptrend for a long time leading to higher prices on the charts which has formed a rising wedge. The price is currently trading near the lower side of the pattern on the daily timeframe. The price can lead to much lower levels after a breakdown.</p> 
<p>As the META stock price has been advancing for a long time. The share is following an uptrend trading in a golden cross of the 50-day and the 200-day EMAs, which indicates bullishness in the market.</p> 
<p>The RSI for the META share has declined from the overbought zones and has not become bearish yet as it is sustaining above the 50-level without hitting the oversold zones.</p> 
<h3 class="wp-block-heading" id="strong-technical-overview-of-meta-stock-strong"><strong>Technical Overview of META Stock</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh6.googleusercontent.com/8WXV589RjIDON1BkzfnxeZ2bFmMGJSrfOFxLV-xzkBCmNzBtQqxP464zdbAn61iukRHm3gKSE2EQgk4DQOPXaiQWmrv_en7SJFmNqjVaNXF8g-i-SoRKXXNYnppNXXxrgHm1hIOwgOdHIzQ4rw7cYC8" alt="How Zuckerberg’s Vision For Future Of Medicine Impacts Meta Share?">
  <figcaption class="wp-element-caption">
   Source: Tradingview
  </figcaption>
 </figure>
</div> 
<p>Based upon the current financials and technical data the Meta Platforms is bullish on the charts. It can advance to further higher levels as the analysts are also bullish on the stock.</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>The <a href="https://www.thecoinrepublic.com/2023/09/12/meta-stock-price-surpassed-20-day-ema-nearly-after-a-month/">META share price</a> is trading in a bullish EMA cross and making higher highs leading ahead with a rising wedge pattern. If the price breaks down below the rising wedge pattern, it can lead towards the lower support levels.</p> 
<p>The RSI is a momentum indicator and is bullish on daily timeframe, which can take to price to further advances.</p> 
<p>Therefore, if the price makes bullish candlesticks, it can lead to the upper band of the rising wedge pattern.</p> 
<h3 class="wp-block-heading" id="strong-technical-levels-strong"><strong>Technical Levels</strong></h3> 
<ul> 
 <li>Support levels for the META share are – $230.00 and $274.00</li> 
 <li>Resistance levels for the META share are – $312.00 and $325.00</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.</p>

How Zuckerberg’s Vision For Future Of Medicine Impacts Meta Share?

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