Facebook, Inc.’s (FB) Stock Drops After Hours On Earnings Beat

The FB stock price fluctuated between $367 and $377.52 throughout the trading session with the volume trading being 23M shares, which represented a positive variation when compared to the three months average volume of 17M shares.

The share price of Facebook, Inc. (NasdaqGS:FB) ran up 1.49% to close Wednesday’s market session at $373.28, higher as compared to yesterday’s close which brings the market valuation of the company to $1.06T.

The 52-week high for the Facebook, Inc.’s shares is $377.52. That puts it -1.12% from that peak but still a 57.66% gain since the share price dropped to a 52-week low of $229.00, while the S&P 500’s share price change was of 35.08%.

The company currently has a 31.98 P/E ratio and a price target of $386.47.

What does the trading volume tell us about the FB stock?

During the last trading session, Facebook, Inc. (NasdaqGS:FB) has seen growth in its daily volume. The daily volume was of 17M, while in the last 10 days the average was 15.9M and last three months – 17M.
The increasing interest in the FB stock from the investors is helping to drive the stock price up.

Growing short interest

The Facebook, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 28.56M shares being shorted which translates into 1.84 of a short ratio for FB, while in the previous month the shorted shares were 26.45M.

Facebook, Inc. (NasdaqGS:FB) financials

With a market cap of 1.06T, Facebook, Inc. holds a total cash of $64.22B that translates into $22.65 per share, while the total debt is of $12.14B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 47.60%. The current revenue is of $94.4B that is $33.12 per share.
This is a great sign for a bright future.