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Tuesday, January 31, 2023

Momentum Is Strong For MercadoLibre Inc. (NASDAQ: MELI)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for MercadoLibre Inc. (MELI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $1.81, or 0.18%, to $1,026.12. The MercadoLibre Inc. has recorded 34,996 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Mercado Livre detaches itself from the market and grows 19% on Black Friday 2022.


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Stocks Info

This NASDAQ-listed company operates within the Internet Retail industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $1024.31 and fluctuated between $1,033.79 as its day high and $933.57 as its day low. The current market capitalization of MercadoLibre Inc. is $50.49B. A total of 1.13 million shares were traded on the day, compared to an average of 598.53K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, MELI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 12 BUYs and 1 SELLs from insiders. Insiders purchased 1,137 shares during that period but sold 75.

In the most recent transaction, Melamud Marcelo bought 55 shares of MELI for 881.82 per share on Mar 14. After the transaction, the SVP – Chief Accounting Officer now owns 55 company shares. In a previous transaction on Mar 11, de la Serna Juan Martin bought 50 shares at 931.00 per share. MELI shares that Executive VP Corporate Affairs owns now total 500.

Among the insiders who bought shares, de la Serna Juan Martin acquired of 65 shares on Mar 10 at a per-share price of $928.64. This resulted in the Executive VP Corporate Affairs holding 450 shares of MELI after the transaction. In another insider transaction, de la Serna Juan Martin bought 100 shares at $939.00 per share on Mar 09. Company shares held by the Executive VP Corporate Affairs now total 385.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. MELI’s most recent ex-dividend date was 12/28/2017 when it declared a $0.15 quarterly dividend that was paid in cash on 1/16/2018. Previously, the company paid the dividend on 10/16/2017 with an ex-dividend date of 9/28/2017. The MELI stock dividend was $0.15 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for MELI in the last 3 months, the mean price target is $1,247.27 with high estimates of $1,550.00 and low estimates of $800.00. In terms of 52-week highs and lows, MELI has a high of $1275.82 and a low of $600.68.

As of this writing, MELI has an earnings estimate of $2.23 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $2.83 per share and a lower estimate of $1.47. The company reported an EPS of $1.3 in the last quarter, which was -4.40% lower than expectations of $1.36.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 21 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MELI is Sell with a score of 4.43. A total of 17 analysts rated the stock as Buy while 1 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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