Shares of Meta Platforms have moved -0.8% today, and are now trading at a price of $110.53. In contrast, the S&P 500 index saw a -0.6% change and the Dow Industrial Average posted a -0.4% performance. Today's trading volume is 4,391,481 compared to the stock's average volume of 44,385,426.
Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. Based in Menlo Park, United States the company has 87,314 full time employees and a market cap of $293,075,812,352.
The company is now trading -28.01% away from its average analyst target price of $153.53 per share. The 50 analysts following the stock have set target prices ranging from $80 to $392, and on average give Meta Platforms a rating of buy.
Over the last year, META shares have gone down by -67.0%, which represents a difference of -53.5% when compared to the S&P 500. The stock's 52 week high is $352.71 per share and its 52 week low is $88.09. With its gross margins declining an average -1.0% over the last four years, Meta Platforms may not have a strong enough business to reverse this trend.
