The company MercadoLibre, Inc. offers an online marketplace with a focus on e-commerce and the services that go along with it. Brazil, Argentina, Mexico, Venezuela, and Other Countries comprise its five geographic divisions. Through online transactions, the company offers consumers a way to collect, generate leads, and compare lists in addition to purchasing, selling, and paying. The company’s headquarters are in Buenos Aires, Argentina, and it was established by Marcos Eduardo Galperin on October 15, 1999.
While the Multiline Retail industry had its earnings climb by 15.9% yearly, MercadoLibre Stock has seen its earnings rise by an average of 73.9% annually. Financial analysis website Simplywall reports that the revenues of its Stock have been increasing on average at a pace of 44.5% annually. The net margins for MercadoLibre Stock are 5.5%, while the return on equity is 30.3%.
With $2.0 billion in shareholder equity and $4.8 billion in debt, MercadoLibre Stock has a debt-to-equity ratio of 234.4 percent. It has $14.2 billion in assets and $12.2 billion in liabilities. The financial research website Simply Wall estimates that MercadoLibre Stock’s EBIT is $1.2B, translating to an interest coverage ratio of -178.1. Its cash and short-term investments totaled $3.2 billion.
Prices
The price of MercadoLibre, Inc. stock is currently $1,305.13, and the company has a market cap of $65.05. There are 44 million shares outstanding. MercadoLibre, Inc. trades under the symbol MELI on the NASDAQ. The price of MercadoLibre, Inc. has increased 12.05% over the last day. The current stock price forecast for MercadoLibre, Inc. is optimistic.
With $2.0 billion in shareholder equity and $4.8 billion in debt, MercadoLibre Stock has a debt-to-equity ratio of 234.4 percent. It has $14.2 billion in assets and $12.2 billion in liabilities. The financial research website Simply Wall estimates that MercadoLibre Stock’s EBIT is $1.2B, translating to an interest coverage ratio of -178.1. Its cash and short-term investments totaled $3.2 billion.
MELI stock has a market value of $61.305 billion and generates $10.537 billion in annual sales. Furthermore, the price-to-earnings ratio for the MELI stock is 99.06, and the basic EPS is $12.29. Additionally, the current volume for MercadoLibre Inc. (NASDAQ: MELI) shares is significantly higher than the average volume of 611.234 K, which is 611.234 K.
Analysis
The stock price of MercadoLibre Inc (NASDAQ: MELI) has been closely tracking the support and resistance trendlines, according to price movement. The MELI Price is $1221.03 at the time of writing, and the MELI Stock has recovered from the support trendline. The volume graph clearly demonstrates an improvement in buyer confidence.
Given that the MELI Stock Price has already struck the key support level of $1072, it appears to be building a bullish pattern in the long run, which is a falling expanding wedge. This pattern may soon break out.
The first and second targets, $1265.48 and $1341.52, could both be reached if the MELI Price remains above the present level and breaks out of the pattern. The closest support levels are at $1131.03 and $1072.64, respectively, if the MELI Price is rejected from its current level and declines.
Given that the MELI Stock Price has already struck the key support level of $1072, it appears to be building a bullish pattern in the long run, which is a falling expanding wedge. This pattern may soon break out.
The first and second targets, $1265.48 and $1341.52, could both be reached if the MELI Price remains above the present level and breaks out of the pattern. The closest support levels are at $1131.03 and $1072.64, respectively, if the MELI Price is rejected from its current level and declines.
On The Daily Chart:
- The Moving Averages Convergence Divergence (MACD) indicator for Mercadolibre (MELI) is 2.99, indicating that the stock is a Sell.
- With a share price of $1,302.63 and a 20-Day Exponential Moving Average of 1195.08, Mercadolibre (MELI) is a Buy.
- With a 50-day exponential moving average of 1205.05 and a share price of $1,302.63, Mercadolibre (MELI) is a Buy.
On the Weekly Chart:
- The Moving Averages Convergence Divergence (MACD) indicator for Mercadolibre (MELI) is 20.17, indicating that the stock is a Buy.
- With a 20-Day Exponential Moving Average of 1191.44 and a Share Price of $1,302.63, Mercadolibre (MELI) is classified as a Sell.
- With a 50-day exponential moving average of 1135.34 and a share price of $1,302.63, Mercadolibre (MELI) is a Buy.
Prediction
By August 8, 2023, the value of MercadoLibre shares will increase by 10.91% to reach $1,437.33 per share, based on our most recent MELI stock forecast. Our technical indicators indicate that the market is now bullish, despite the Fear & Greed Index reading of 39 (Fear). In the past 30 days, MELI stock experienced 2.83% price volatility and 16/30 (53%) green days. Given that MELI stock is currently priced 9.23% below our prediction, it is a good moment to buy MELI stock based on our MercadoLibre stock forecast.
2025 Stock Prediction for MercadoLibre
If MercadoLibre shares continue to increase at the same average annual pace as they have over the past 10 years, the MercadoLibre stock forecast for 2025 is currently $2,427.73. The price of MELI shares would grow by 86.09% as a result.
2030 Stock Prediction for MercadoLibre
If the MercadoLibre stock continues to rise at its current 10-year average rate, it will reach $11,469 by the year 2030. If this stock forecast for 2030 comes true, MELI stock will increase in value by 779.09% from where it is currently trading.