NASDAQ:MELI - Mercadolibre Stock Price, Forecast & News

Mercadolibre's stock was trading at $550.72 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MELI stock has decreased by 16.0% and is now trading at $462.87. View which stocks have been mosted impacted by Coronavirus.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercadolibre in the last year. There are currently 1 sell rating, 6 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Mercadolibre.

Mercadolibre is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for Mercadolibre.

Mercadolibre Inc (NASDAQ:MELI) posted its quarterly earnings results on Monday, February, 10th. The company reported ($1.11) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.55) by $0.56. The business earned $674.20 million during the quarter, compared to analysts' expectations of $666.97 million. Mercadolibre had a negative return on equity of 3.50% and a negative net margin of 7.49%. Mercadolibre's revenue for the quarter was up 57.5% on a year-over-year basis. During the same period last year, the company earned ($0.05) EPS. View Mercadolibre's earnings history.

21 analysts have issued twelve-month price objectives for Mercadolibre's shares. Their forecasts range from $520.00 to $820.00. On average, they anticipate Mercadolibre's stock price to reach $698.60 in the next year. This suggests a possible upside of 50.9% from the stock's current price. View analysts' price targets for Mercadolibre.

Media headlines about MELI stock have trended very negative recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Mercadolibre earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutMercadolibre.

Mercadolibre saw a increase in short interest in March. As of March 13th, there was short interest totaling 1,686,900 shares, an increase of 5.4% from the February 27th total of 1,600,000 shares. Based on an average trading volume of 660,100 shares, the days-to-cover ratio is presently 2.6 days. Currently, 3.9% of the shares of the company are short sold. View Mercadolibre's Current Options Chain.

Some companies that are related to Mercadolibre include Fidelity National Information Servcs (FIS), Global Payments (GPN), NetEase (NTES), Pinduoduo (PDD), eBay (EBAY), Total System Services (TSS), Msci (MSCI), CoStar Group (CSGP), FleetCor Technologies (FLT), Akamai Technologies (AKAM), Trip.com Group (TCOM), Ctrip.Com International (CTRP), Broadridge Financial Solutions (BR), Fair Isaac (FICO) and LYFT (LYFT).

Based on aggregate information from My MarketBeat watchlists, some companies that other Mercadolibre investors own include Alibaba Group (BABA), NVIDIA (NVDA), Shopify (SHOP), Companhia de Saneamento Bsc DEDSP (SBS), Alphabet (GOOG), Netflix (NFLX), Baidu (BIDU), Walt Disney (DIS), Tesla (TSLA) and Vertex Pharmaceuticals (VRTX).

Mercadolibre trades on the NASDAQ under the ticker symbol "MELI."

Shares of MELI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MELI stock can currently be purchased for approximately $462.87.

Mercadolibre has a market capitalization of $23.01 billion and generates $2.30 billion in revenue each year. The company earns $-172,000,000.00 in net income (profit) each year or ($1.68) on an earnings per share basis. Mercadolibre employs 3,492 workers across the globe. View additional information about Mercadolibre.

The official website for Mercadolibre is http://www.mercadolibre.com/.

Mercadolibre's mailing address is ARIAS 3751 7TH FLOOR, BUENOS AIRES C1, C1430CRG. The company can be reached via phone at 54-11-4640-8000 or via email at [email protected]