FB stock has undergone multiple analysts rating changes in the recent past. Facebook stock Target Raised by Tigress Financial – 2 stars on 10/13/2021. In a note to investors, the firm issued a new target price of $466.00. The analysts previously had $430.00 target price. Tigress Financial – 2 stars’s price target would indicate a potential upside of 43.47% from the stock’s previous close.
Shares of Facebook traded up $0.77 on Wednesday, reaching $324.54. 14761470 shares of the stock traded hands, compared to its average volume of 18690367. On Wednesday, Shares of Facebook closed at $324.54. The firm’s 50 day moving average is $357.91 and its 200 day moving average is $317.38.Facebook has a 12 month low of $244.61 and a 12 month high of $384.33. While on yearly highs and lows, Facebook today has traded high as $327.00 and has touched $322.66 on the downward trend.
Facebook Earnings and What to expect:
Facebook last released its earnings results on July 28th, 2021. The social networking company reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.03 by $0.58. The firm earned $29.08 billion during the quarter, compared to the consensus estimate of $27.93 billion. Facebook has generated $10.09 earnings per share over the last year ($13.50 diluted earnings per share) and currently has a price-to-earnings ratio of 24.0. Earnings for Facebook are expected to grow by 14.74% in the coming year, from $14.11 to $16.19 per share. Facebook has confirmed that its next quarterly earnings report will be published on Monday, October 25th, 2021. Facebook will be holding an earnings conference call on Monday, October 25th at 5:00 PM Eastern. Interested parties can or dial in at 402-977-9140 with passcode “21997795”.
Earnings for Facebook are expected to grow by 14.74% in the coming year, from $14.11 to $16.19 per share. The P/E ratio of Facebook is 24.04, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.75. The P/E ratio of Facebook is 24.04, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 39.14. Facebook has a PEG Ratio of 1.04. PEG Ratios around 1 indicate that a company is correctly valued. Facebook has a P/B Ratio of 7.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Facebook (NASDAQ:FB) Moving Average Technical Analysis
5 day Moving Average is $$326.61 And 5 day price change is -$9.10 (-2.73%) with average volume for 5 day average is 21,076,340. While technical analysis for average 20 days shows significant difference, 20 day moving average is $341.76 and 20 day price change is -$49.38 (-13.21%) and average 20 day moving volume is 22,350,830. 50 day moving average is $357.91 and 50 day price change is -$26.70 ( -7.60%) and with average volume for 50 days is : 15,273,702. 200 day moving average is $317.38 and 200 day price change is $47.54 (17.16%) and with average volume for 200 days is : 17,766,074.
Other owners latest trading in FB :
- On 10/13/2021 shares held by Hollencrest Capital Management were 11,241 which equates to market value of $3.82M and appx 0.30% owners of FB
- On 10/13/2021 shares held by Asset Management Corp IL ADV were 11,688 which equates to market value of $3.97M and appx 2.00% owners of FB
- On 10/13/2021 shares held by Jacobs & Co. CA were 63,135 which equates to market value of $21.43M and appx 2.50% owners of FB
- In total Institutional ownership equates to Institutional Ownership Percentage: 65.72% for FB
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