After Hours
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. The stock was recently discussed on Yahoo Finance as it revealed that MercadoLibre, Inc. Third Quarter 2023 Letter to Shareholders.
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Stocks Info
The company is listed on the NASDAQ and operates within the Internet Retail industry segment. At the end of the last regular session, the stock closed at $1756.30 and fluctuated between $1,769.20 as its day high and $1,738.53 as its day low. The current market capitalization of MercadoLibre Inc is $88.80B. A total of 0.55 million shares were traded on the day, compared to an average of 393.22K shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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 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.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for MELI in the last 3 months, the mean price target is $1,832.32 with high estimates of $2,150.00 and low estimates of $1,500.00. In terms of 52-week highs and lows, MELI has a high of $1735.79 and a low of $1063.02.
As of this writing, MELI has an earnings estimate of $Mueller Industries, Inc. per share for the current quarter. EPS was calculated based on a consensus of MercadoLibre, Inc. estimates, with a high estimate of $Reliance Global Group, Inc. per share and a lower estimate of $Methode Electronics, Inc.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $54.28, while its Total Shareholder’s Equity was $1.53B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 4.67.
