Investors Could Take Advantage of And Scoop up Facebook Stock

According to the latest data, Facebook traded at $272.41 on September 15, which rose by 2.36% from the previous day’s price.

The company’s previous close was $266.1, and 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.

In terms of its 52-week price range, Facebook has a high of $304.67 and a low of $137.1. Over the past 30 days, Facebook’s stock has gained approximately 4.28%.

The giant company has a market cap of $780.38 billion. The company’s Forward Dividend and yield are at 0; Facebook’s investors could be worried.

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 rates it as a Buy. Three analysts rate it as outperform while none rated it as underperforming, while two suggest the stock as a Sell. Investors could take advantage of and scoop up the company’s stock.

Alphabet Gained 1.74% While Google Climbed 1.46%

If we compare Facebook stock to its peers, Alphabet has increased by 1.74% today, while Google has boosted 1.46%and is up by 25.19% over the last year. Alphabet has a PE ratio of 33.88 compared to Facebook’s 34.76 and Alphabet’s 34.72. In contrast to these giants, both the S&P 500 Index and DJIA are at 0.52% and 0.01% today.

Thomson Reuters reported that insiders hold 0.66% of the company’s shares, while institutions hold 79.41%. The data shows that short shares of August 30, 2020, were at 25.24 Million at a short ratio of 0.89. This represents a 0.89% Short interest in Shares outstanding on August 30, 2020. Shares short decreased in August from the previous month at 26.01 Million. Investors should not be nervous about this stock as its upside potential is attractive, with today’s price pushing the stock 32.73% up in year-to-date price movement.

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