Exploring NASDAQ:META's high growth characteristics.

Our stockscreener has identified a possible breakout setup on META PLATFORMS INC-CLASS A (NASDAQ:META). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NASDAQ:META for potential opportunities.

Zooming in on the technicals.

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

We assign a technical rating of 9 out of 10 to META. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, META is showing a nice and steady performance.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• When comparing the yearly performance of all stocks, we notice that META is one of the better performing stocks in the market, outperforming 89% of all stocks. On top of that, META also shows a nice and consistent pattern of rising prices.
• META is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 86% of 73 stocks in the same industry.
• META is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so META is lagging the market slightly.
• In the last month META has a been trading in the 549.05 - 599.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Check the latest full technical report of META for a complete technical analysis.

Looking at the Setup

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NASDAQ:META is 8:

Besides having an excellent technical rating, META also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 570.90, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for META in the last couple of days, which is a good sign.

Why NASDAQ:META may be interesting for high growth investors.

• The EPS of META PLATFORMS INC-CLASS A has exhibited growth from one quarter to another (Q2Q), with a 37.36% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• The 1-year revenue growth of META PLATFORMS INC-CLASS A (23.06%) has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and expand its market share.
• Analysts' average next Quarter EPS Estimate for META PLATFORMS INC-CLASS A has witnessed a 12.74% change in the last 3 months, underscoring the dynamic nature of market sentiment towards the company's EPS prospects.
• In the most recent financial report, META PLATFORMS INC-CLASS A reported a 37.36% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• The operating margin of META PLATFORMS INC-CLASS A has seen steady growth over the past year, signaling improved profitability. This trend indicates the company's effective cost management and its ability to generate higher returns.
• META PLATFORMS INC-CLASS A has experienced notable growth in its free cash flow (FCF) over the past year, signaling improved cash generation and strong financial performance. This growth suggests the company's ability to generate excess cash for reinvestment or shareholder returns.
• In terms of Return on Equity(ROE), META PLATFORMS INC-CLASS A is performing well, achieving a 33.76% ratio. This highlights the company's effective allocation of shareholder investments and signifies its commitment to maximizing returns.
• With a Debt-to-Equity ratio at 0.18, META PLATFORMS INC-CLASS A showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• META PLATFORMS INC-CLASS A exhibits a favorable ownership structure, with an institutional shareholder ownership of 0.17%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.
• With a track record of beating EPS estimates in the last 4 quarters, META PLATFORMS INC-CLASS A showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.
• META PLATFORMS INC-CLASS A has achieved an impressive Relative Strength (RS) rating of 89.59, showcasing its ability to outperform the broader market. This strong performance positions META PLATFORMS INC-CLASS A as an attractive stock for potential price appreciation.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.