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Friday, September 29, 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 broken, with the stock’s consolidated last price falling by -$0.06, or 0.00%, to $1,434.99. The MercadoLibre Inc. has recorded 14,293 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Mercado Libre appoints new CFO.

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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 $1435.05 and fluctuated between $1,448.23 as its day high and $1,410.00 as its day low. The current market capitalization of MercadoLibre Inc. is $69.40B. A total of 0.61 million shares were traded on the day, compared to an average of 546.59K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, MELI has seen 7 BUY and 0 SELL insider trades, representing the acquisition of 686 and the disposition of 0 shares. Over the last 12 months, there were 8 BUYs and 3 SELLs from insiders. Insiders purchased 714 shares during that period but sold 450.

In the most recent transaction, de la Serna Juan Martin sold 150 shares of MELI for 1250.00 per share on Mar 08. After the transaction, the Executive VP Corporate Affairs now owns 200 company shares. In a previous transaction on Mar 07, de la Serna Juan Martin sold 150 shares at 1265.00 per share. MELI shares that Executive VP Corporate Affairs owns now total 350.

Among the insiders who sold shares, Calemzuk Emiliano disposed of 150 shares on Mar 07 at a per-share price of $1256.00. This resulted in the Director holding 115 shares of MELI after the transaction.


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 $1,639.30 with high estimates of $2,180.00 and low estimates of $1,350.00. In terms of 52-week highs and lows, MELI has a high of $1421.93 and a low of $754.76.

As of this writing, MELI has an earnings estimate of $6.07 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $7.06 per share and a lower estimate of $3.31. The company reported an EPS of $3.97 in the last quarter, which was 41.80% higher than expectations of $2.8.

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. MELI’s latest balance sheet shows that the firm has $2.79B in Cash & Short Term Investments as of fiscal 2021. There were $3.98B in debt and $5.84B in liabilities at the time. Its Book Value Per Share was $44.89, while its Total Shareholder’s Equity was $1.53B.

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, 0 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 Buy with a score of 4.45.

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