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.
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.
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