Stock To Watch: MercadoLibre, Inc. (NASDAQ:MELI)


The leading market experts have placed a mean price target of $143.32 on MercadoLibre, Inc. (NASDAQ:MELI) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.76 a share for the upcoming quarter and $2.72 for the current fiscal. Technical View The technical analysis of MercadoLibre, Inc. plainly substantiates that the 50-day moving average of MercadoLibre, Inc. is $145.85, and stock is hovering 27.13 or +18.60% distant from $145.85. It is noted that the 200-day MA is $123.89, and MercadoLibre, Inc. stock is $49.08 or +39.62% off from this point. MercadoLibre, Inc. (NASDAQ:MELI) 52-week high is $174.28 and the 52-week low is $84.19. This explains if the stock moves $-1.30, it will post a 52-week high. In event of $+105.46% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of MercadoLibre, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, MercadoLibre, Inc. (NASDAQ:MELI) ratio came in at 56.90. The stock last ended the trading session at $172.98 and registered a market cap of $7.64B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. MercadoLibre, Inc. (NASDAQ:MELI) PEG ratio is at 2.65.

1 Chart Pattern Every Investor Should Know

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