Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $146.63 on MercadoLibre, Inc. (NASDAQ:MELI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.71 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of MercadoLibre, Inc. (NASDAQ:MELI) stands at 56.32.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For MercadoLibre, Inc., the PEG ratio for coming 3-5 years is 2.54.
The technical analysis highlights that MercadoLibre, Inc. current is trading $10.06 points away or +6.42% from its 50-day moving average of $156.66. Further it is trading $36.21 or +27.74% away its 200-day moving average of $130.51.
The 52-week high of MercadoLibre, Inc. (NASDAQ:MELI) was $174.28 while lowest point recorded in 52-week was $84.19. It implies if stock price makes a movement of over $-7.56, it will record a new 52-week high. In the case of +98.03% drop, it will touch a new 52-week low.
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