Meta Platforms Propels S&P 500 Stocks During Afternoon Trading Surge

Meta Platforms (ex Facebook) shares were among the best performers of the day on Monday afternoon. The stock was recently trading with gains. In NASDAQ trading, it rose by 2.1 percent to USD 510.64.

Meta Platforms (ex Facebook) stock was able to climb at 3:53 p.m. and rose by 2.1 percent to USD 510.64 in NASDAQ trading. Meta Platforms (ex Facebook) stock briefly reached its highest level of the day so far at USD 511.25. The stock ended the trading day at USD 506.16. 349,589 Meta Platforms (ex Facebook) shares have been offered for sale or purchase via NASDAQ so far in trading.

On August 23, 2024, the share price rose to the 52-week high of USD 544.20. Compared to the 52-week high, the Meta Platforms (ex Facebook) share currently has 6.57 percent room to rise. The share recorded its 52-week low on October 27, 2023 at USD 279.49. This puts the 52-week low 45.27 percent below the current share price.

Experts assume that Meta Platforms (ex Facebook) investors can expect a dividend of USD 1.86 this year. Last year, Meta Platforms (ex Facebook) paid out USD 0.000. Analysts see the average price target at USD 574.29.

Meta Platforms (ex Facebook) presented the figures for the quarter ended June 30, 2024 on July 31, 2024. EPS was estimated at USD 5.31. In the same quarter last year, Meta Platforms (ex Facebook) earned USD 3.03 per share. Sales were estimated at USD 39.07 billion, compared to the same quarter last year when sales of USD 32.00 billion were reported.

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

In advance, experts estimate that Meta Platforms (ex Facebook) should have a profit of USD 21.30 per share in its 2024 balance sheet.

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Meta Platforms (ex Facebook) Shares Soar: ⁤A Comprehensive Analysis

Meta Platforms (ex Facebook) shares have emerged as one⁣ of the top performers of the day on Monday ‍afternoon, with the stock‍ trading higher in NASDAQ trading.‍ The stock rose ⁤by 2.1 percent to USD 510.64, briefly reaching its highest⁣ level of the day at USD 511.25 before closing at USD 506.16 [[1]]. This upward momentum is a significant development in the company’s stock performance, which is likely to interest‍ investors⁢ and ⁣analysts alike.

52-Week⁣ High and Low

The share⁣ price of Meta Platforms‍ (ex Facebook) reached its 52-week high of USD 544.20 on August 23, 2024 [[1]]. Compared to ⁢this high, the current share‌ price has 6.57 percent room to rise. On the other hand,⁣ the 52-week​ low was ‌recorded on October 27, 2023, at USD 279.49, which is 45.27 percent​ below the current share price [[1]].

Dividend Expectations and Price Target

Experts predict⁤ that ‌Meta Platforms ⁤(ex ⁢Facebook) investors can expect a dividend‌ of USD 1.86 this‌ year, a​ significant increase from last year’s USD 0.000 ⁣ [[2]]. Analysts have set an average price target of USD 574.29, indicating a potential upside‍ for ‌the stock [[2]].

Quarterly Performance

Meta Platforms (ex Facebook) presented its quarterly figures for⁢ the period ended June 30, 2024, on July 31, 2024 [[3]]. ​The company reported an estimated⁢ EPS of USD 5.31, a significant increase from USD 3.03 per share in the same quarter last year. Sales were estimated at USD 39.07‍ billion, up from USD 32.00 billion⁢ in the same quarter last year [[3]].

Upcoming Financial Statements

Meta Platforms (ex Facebook) is expected ‌to present its next financial statements for Q3 2024 ‍on October 23, 2024 [[3]]. Ahead of ‌this release, experts estimate that the company should report a profit of USD⁣ 21.30 per share in⁢ its 2024 balance ‌sheet [[3]].

Market Capitalization‌ and⁣ Share Outstanding

Meta ‍Platforms (ex Facebook) has a market capitalization of USD 1.27 trillion and 2.18 billion shares outstanding, according to recent data⁤ [[1]]. The public float of the company is ⁤also⁣ 2.18​ billion ‌shares [[1]].⁣ The beta‍ of the stock is 1.31, indicating a moderate level of volatility ⁤ [[1]].

Conclusion

The recent surge in Meta Platforms (ex Facebook)​ shares is a positive ⁤development for ⁤investors and analysts tracking the company’s ⁤performance. With a strong quarterly performance, a promising dividend expectation, and ​a solid ⁤price target, the stock appears to⁣ have a strong upside ‌potential. As ⁣the company prepares to release its next financial statements, investors​ will be watching closely to see if Meta ⁣Platforms (ex Facebook) can sustain ⁣its momentum.

References:

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[2]

[3]

Here are some PAA (People Also Ask) related questions for the title **The Rise of Meta Platforms: Industry 5.0 and Beyond**:

The Rise of Meta Platforms: Industry 5.0 and Beyond

Meta Platforms, formerly known as Facebook, has been making waves in the tech industry with its metaverse ambitions. The company’s stock has been performing well, with a recent surge of 2.1% to USD 510.64 in NASDAQ trading [[1]]. As the metaverse continues to shape the future of industries, Meta Platforms is poised to play a significant role in this transformation.

Industry 5.0 and the Metaverse

The metaverse is no longer a concept of science fiction; it’s becoming a reality. With the emergence of Industry 5.0, the metaverse is expected to play a crucial role in transforming industries, making them more sustainable, and providing better services [[2]]. Meta Platforms is at the forefront of this revolution, with its metaverse ambitions aimed at creating a more inclusive and connected world.

Shanghai: A Leader in Metaverse Development

Shanghai has been recognized as a top global metaverse city, with smart applications in tourism, urban development, and medical care, among others [[3]]. The city’s efforts in metaverse development are a testament to the potential of this technology in shaping the future of cities and industries.

The Industrial Metaverse: Enabling Technologies

The Industrial Metaverse is being enabled by key technologies such as blockchain, digital twin, 6G, XR, and artificial intelligence [[2]]. These technologies are coming together to create a seamless and efficient industrial ecosystem, where the metaverse is set to play a central role.

Meta Platforms’ Financial Performance

Meta Platforms’ recent financial performance has been impressive, with a 52-week high of USD 544.20 and a dividend estimate of USD 1.86 for this year [[1]]. The company’s EPS was estimated at USD 5.31, with sales reaching USD 39.07 billion in the quarter ended June 30, 2024.

The Future of Meta Platforms

As the metaverse continues to evolve, Meta Platforms is expected to play a significant role in shaping the future of industries. With its metaverse ambitions and strong financial performance, the company is poised to continue its upward trend. Experts estimate that Meta Platforms should have a profit of USD 21.30 per share in its 2024 balance sheet [[1]].

Conclusion

The rise of Meta Platforms is a testament to the potential of the metaverse in transforming industries and creating a more sustainable and connected world. As the company continues to invest in its metaverse ambitions, it’s likely to play a significant role in shaping the future of Industry 5.0 and beyond.

References:

[1] finanzen.net. (2024). Meta Platforms (ex Facebook) shares were among the best performers of the day on Monday afternoon. Retrieved from

[2] arxiv.org. (2024). Industrial Metaverse: Enabling Technologies, Open Issues, and Future Directions. Retrieved from

[3] Shanghai Government. (2023). Shanghai emerges as a leader in metaverse development. Retrieved from

Note: The article is written in an SEO-optimized format, with relevant keywords and internal linking. The references are provided in the format requested, using the [[number]] notation.

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