Facebook, the world’s leading social media platform, increased by 2.36% compared to the previous day’s price and traded at $272.41 on September 15.
If we look at stocks, its evident that the company’s previous close was $266.1and the beta (5y monthly) reads 1.28 with the day’s price range being $269.30 – 274.52. Moreover, Facebook has a 12-month trailing PE ratio of 34.76. The PE ratio, the price-to-earnings, is used by investors to determine a company’s relative value.
The giant social media company has a market cap of $780.38 billion and is going to publish its Q earnings report on October 28, 2020 – November 2, 2020. With Forward Dividend at 0 and a yield of 0%, Facebook’s investors could be nervous about its stock to lose ahead of the earnings release.
None of the analysts rate facebook stocks as underperform
Based on 50 analysts’ estimates where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, seven have rated the Facebook stock as a Hold, while 38 rate it as a Buy. Three analysts rate it as outperform, while none rated it as underperform, whereas 2 suggests the stock as a Sell. The stock has an overall rating of Overweight, and investors could take advantage and “pick up” the company’s stock.
The average 3-month trading volume was 25.92 Million, while that of the preceding 10-day period stands at 23.12 Million. Current shares outstanding are 2.4 Billion.
According to Thomson Reuters data, insiders hold 0.66% of the company’s shares, while institutions hold 79.41%. The data shows that short shares of August 30, 2020, stood at 25.24 Million at a short ratio of 0.89. Investors should be excited about this stock because its upside potential is excellent, with today’s price pushing the stock 32.73% up in year-to-date price movement.