FB Shares Now Trade at 14.97 P/E

During the last session 40M of Meta Platforms, Inc. (NasdaqGS:FB)’s shares were traded. The stock closed at $202.08 per share indicating that it lost -$4.08 or -1.98% during that day which brings the Meta Platforms, Inc.’s valuation to $561.16B.

The 52-week high for the Meta Platforms, Inc.’s shares is $384.33. That puts it -47.42% from that peak with a 52-week low of $200.06, while the S&P 500’s share price change was of 10.79%.

The company currently has a 14.97 P/E ratio and a price target of $335.24.

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

During the last trading session, Meta Platforms, Inc. (NasdaqGS:FB) has seen growth in its daily volume. The daily volume was of 40M, while in the last 10 days the average was 56.78M and last three months – 30.95M.

Shrinking short interest

The Meta Platforms, Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 24.54M shares being shorted which translates into 1.17 of a short ratio for FB, while in the previous month the shorted shares were 26.43M.

Meta Platforms, Inc. (NasdaqGS:FB)’s financials

With a market cap of 561.16B, Meta Platforms, Inc. holds a total cash of $48B that translates into $17.63 per share, while the total debt is of $14.45B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 19.90%. The current revenue is of $117.93B that is $41.89 per share.

This is a great sign for a bright future.