Meta (META) Stock Price

Financial Performance

Meta's recent financial performance shows a downward trend. The company reported revenue of $42.3B, which is down by -12.5% from the previous quarter. Gross profit also fell by -12.1% to $34.7B and operating income declined significantly by -24.9%. This indicates that the company's profitability has been negatively impacted recently.

Stock Price

The stock is currently trading at $710.56, reflecting a decline of -7.1% over the past month, suggesting bearish market sentiment towards Meta's stock in the short term. The RSI value stands at 32.37, which is near the oversold threshold and might indicate an upcoming bullish reversal if it goes below 30 level. However, its 200-day moving average at $667.1 suggests that despite recent losses, the stock is still in an overall uptrend.

Alternative Data Signals

In terms of alternative data signals, there are mixed indicators about Meta's performance and future outlook: website traffic and app downloads have seen minor decreases while job postings have halved both month-over-month and year-over-year indicating possible cost-cutting measures or reduced expansion plans; On social media front, Twitter followers decreased but Instagram followers increased substantially; Employee business outlook remains positive although slightly less than last year.

Conclusion

In conclusion, given declining financial performance and lukewarm alternative data signals coupled with bearish short-term market sentiment but positive long-term trend indicated by above 200-day MA price level, we rate Meta as neutral on our scale.

Note: This AI Stock Analysis is based on data as of October 04. Our members can refresh and get access to an up-to-date AI stock analysis.

Sign up

Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Meta (META), currently trading at $715.7, will... Sign up to access price prediction.