Facebook Inc. [NASDAQ: FB] loss -2.09% or -5.7 points to close at $267.09 with a heavy trading volume of 17160835 shares. The company report on October 30, 2020 that Facebook Reports Third Quarter 2020 Results.
Facebook, Inc. (Nasdaq: FB) reported financial results for the quarter ended September 30, 2020.
“We had a strong quarter as people and businesses continue to rely on our services to stay connected and create economic opportunity during these tough times,” said Mark Zuckerberg, Facebook founder and CEO. “We continue to make significant investments in our products and hiring in order to deliver new and meaningful experiences for our community around the world.”.
It opened the trading session at $271.50, the shares rose to $271.50 and dropped to $264.63, the range by which the price of stock traded the whole day. The daily chart for FB points out that the company has recorded 14.13% gains over the past six months. However, it is still -94.81% lower than its most recent low trading price.
If we look at the average trading volume of 19.06M shares, FB reached to a volume of 17160835 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Facebook Inc. [FB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FB shares is $321.15 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FB stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Monness Crespi & Hardt have made an estimate for Facebook Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 30, 2020. While these analysts kept the previous recommendation, MoffettNathanson raised their target price from $240 to $270. The new note on the price target was released on September 29, 2020, representing the official price target for Facebook Inc. stock. Previously, the target price had yet another raise from $270 to $300, while Oppenheimer kept a Outperform rating on FB stock.
The Average True Range (ATR) for Facebook Inc. is set at 7.20, with the Price to Sales ratio for FB stock in the period of the last 12 months amounting to 9.57. The Price to Book ratio for the last quarter was 6.47, with the Price to Cash per share for the same quarter was set at 19.66. Price to Free Cash Flow for FB in the course of the last twelve months was 39.37 with Quick ratio for the last quarter at 5.50.
Trading performance analysis for FB stock
Facebook Inc. [FB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.07. With this latest performance, FB shares dropped by -0.97% in over the last four-week period, additionally plugging by 14.13% over the last 6 months – not to mention a rise of 29.54% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FB stock in for the last two-week period is set at 40.16, with the RSI for the last a single of trading hit 32.52, and the three-weeks RSI is set at 44.37 for Facebook Inc. [FB]. The present Moving Average for the last 50 days of trading for this stock 275.97, while it was recorded at 273.29 for the last single week of trading, and 239.63 for the last 200 days.
Facebook Inc. [FB]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Facebook Inc. [FB] shares currently have an operating margin of +41.00 and a Gross Margin at +81.94. Facebook Inc.’s Net Margin is presently recorded at +26.15.
Return on Total Capital for FB is now 29.46, given the latest momentum, and Return on Invested Capital for the company is 18.95. Return on Equity for this stock inclined to 19.96, with Return on Assets sitting at 16.02. When it comes to the capital structure of this company, Facebook Inc. [FB] has a Total Debt to Total Equity ratio set at 10.96. Additionally, FB Total Debt to Total Capital is recorded at 9.88, with Total Debt to Total Assets ending up at 8.30. Long-Term Debt to Equity for the company is recorded at 9.82, with the Long-Term Debt to Total Capital now at 8.85.
Reflecting on the efficiency of the workforce at the company, Facebook Inc. [FB] managed to generate an average of $411,308 per employee. Receivables Turnover for the company is 8.27 with a Total Asset Turnover recorded at a value of 0.61.Facebook Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.50 and a Current Ratio set at 5.50.
Facebook Inc. [FB]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Facebook Inc. posted 2.56/share EPS, while the average EPS was predicted by analysts to be reported at 2.53/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Facebook Inc. go to 16.60%.
An analysis of insider ownership at Facebook Inc. [FB]
There are presently around $502,034 million, or 79.90% of FB stock, in the hands of institutional investors. The top three institutional holders of FB stocks are: VANGUARD GROUP INC with ownership of 185,310,879, which is approximately -1.504% of the company’s market cap and around 0.63% of the total institutional ownership; BLACKROCK INC., holding 158,351,360 shares of the stock with an approximate value of $42.29 billion in FB stocks shares; and FMR LLC, currently with $33.12 billion in FB stock with ownership of nearly -0.032% of the company’s market capitalization.
Positions in Facebook Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 1,342 institutional holders increased their position in Facebook Inc. [NASDAQ:FB] by around 70,685,735 shares. Additionally, 1,314 investors decreased positions by around 80,258,773 shares, while 293 investors held positions by with 1,728,697,564 shares. The mentioned changes placed institutional holdings at 1,879,642,072 shares, according to the latest SEC report filing. FB stock had 202 new institutional investments in for a total of 13,663,573 shares, while 86 institutional investors sold positions of 4,629,200 shares during the same period.