(VIANEWS) – Shares of MercadoLibre (MELI) dropped 5.07% to $1,558.22 at 11:21 EST on Friday, after two consecutive sessions in a row of gains. NASDAQ Composite is falling 0.64% to $14,684.20, after two successive sessions in a row of gains. This seems, as yet, a somewhat bearish trend exchanging session today.
MercadoLibre’s last close was $1,641.52, 18.74% under its 52-week high of $2,020.00.
Today’s last reported volume for MercadoLibre is 179257 which is 55.01% below its average volume of 398425.
MercadoLibre’s sales growth is 92.5% for the present quarter and 70.3% for the next. The company’s growth estimates for the ongoing quarter is a negative 90.1% and positive 7.1% for the next.
Year-on-year quarterly revenue growth grew by 111.4%, now sitting on 4.7B for the twelve trailing months.
MercadoLibre’s last week, last month’s, and last quarter’s current volatility was 0.73%, 0.17%, and 1.53%, respectively.
MercadoLibre’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1.79% (last week), 1.37% (last month), and 1.53% (last quarter), respectively.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
MercadoLibre’s stock is considered to be oversold (<=20).
MercadoLibre’s Stock Yearly Top and Bottom Value
MercadoLibre’s stock is valued at $1,558.22 at 11:21 EST, way below its 52-week high of $2,020.00 and way higher than its 52-week low of $959.87.
MercadoLibre’s Moving Average
MercadoLibre’s worth is higher than its 50-day moving average of $1,521.89 and under its 200-day moving average of $1,574.53.
More news about MercadoLibre (MELI).