Why META PLATFORMS INC-CLASS A (NASDAQ:META) qualifies as a high growth stock.

Our stock screener has spotted META PLATFORMS INC-CLASS A (NASDAQ:META) as a possible breakout candidate. A technical breakout setup pattern occurs when the stock is consolidating after a nice uptrend. Whether the actual breakout occurs remains to be seen of course, but it may be interesting to keep an eye on NASDAQ:META.

Zooming in on the technicals.

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 10 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 and short term trends are both positive. This is looking good!
• When comparing the yearly performance of all stocks, we notice that META is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by META over the past year are nicely spread over this period.
• META is part of the Interactive Media & Services industry. There are 71 other stocks in this industry. META outperforms 84% of them.
• META is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month META has a been trading in the 588.55 - 725.01 range, which is quite wide. It is currently trading near the high of this range.

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

How does the Setup look for NASDAQ:META

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NASDAQ:META scores a 7 out of 10:

META has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.

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

• META PLATFORMS INC-CLASS A has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 50.47% increase. This indicates improving financial performance and the company's effective management of its operations.
• META PLATFORMS INC-CLASS A has demonstrated strong q2q revenue growth of 20.63%, suggesting a favorable trend in the company's financials and indicating the potential for continued expansion.
• With notable 1-year revenue growth of 21.94%, META PLATFORMS INC-CLASS A exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for future growth.
• The quarterly earnings of META PLATFORMS INC-CLASS A have shown a 50.47% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• With a favorable trend in its operating margin over the past year, META PLATFORMS INC-CLASS A demonstrates its ability to enhance profitability through efficient operations. This growth reflects the company's focus on optimizing its cost structure.
• With a favorable trend in its free cash flow (FCF) over the past year, META PLATFORMS INC-CLASS A demonstrates its ability to generate robust cash flows and maintain financial stability. This growth reflects the company's focus on efficient capital allocation and cash management.
• META PLATFORMS INC-CLASS A exhibits a strong Return on Equity (ROE) of 34.14%, indicating the company's ability to generate solid returns on shareholder investments. This metric reflects the company's efficient utilization of equity capital and its profitability.
• Maintaining a Debt-to-Equity ratio of 0.16, META PLATFORMS INC-CLASS A demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• The ownership composition of META PLATFORMS INC-CLASS A reflects a balanced investor ecosystem, with institutional shareholders owning 79.19%. This indicates a broader market participation and potential for increased trading liquidity.
• META PLATFORMS INC-CLASS A has a strong history of beating EPS estimates in the last 4 quarters, signaling its ability to consistently exceed market expectations. This indicates the company's strong financial performance and its potential for creating shareholder value.
• META PLATFORMS INC-CLASS A has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 91.84 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. META PLATFORMS INC-CLASS A is well-positioned for potential price growth opportunities.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

Keep in mind

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.