MercadoLibre Trading Volume Plummets 58.79% to $737 Million, Ranking 159th

On April 10, 2025, MercadoLibre (MELI) experienced a significant decline, with its trading volume reaching $737 million, a 58.79% decrease from the previous day. This placed MELI at the 159th position in terms of trading volume for the day. The stock closed at a 2.36% loss.

MercadoLibre's stock price dropped on April 10, reaching an intraday low of $1,865.24 before slightly recovering to $1,884.02. This decline placed the stock 20.66% below its 52-week high of $2,374.54 and 42.19% above its 52-week low of $1,324.99. The trading volume for the day was 183,622 shares, which is 36.2% of the average daily volume of 507,810 shares.

Analysts have set an average one-year price target of $2,548.53 for MercadoLibre, with estimates ranging from $1,856.21 to $3,000.00. This target suggests a potential upside of 35.27% from the current price. Additionally, the consensus recommendation from brokerage firms indicates an "Outperform" status for the stock, with an average rating of 1.8 on a scale where 1 signifies a Strong Buy and 5 denotes a Sell.

GuruFocus estimates the GF Value for MercadoLibre in one year to be $2,974.47, implying a 57.88% upside from the current price. This estimate is based on historical trading multiples, past business growth, and future performance projections. The GF Value is designed to provide an estimate of the fair value at which the stock should be traded.