FB Keeps On Delivering

During the last session 38M of Meta Platforms, Inc. (NasdaqGS:FB)’s shares were traded. The stock closed at $190.29 per share indicating that it gained $2.82 or 1.5% during that day which brings the Meta Platforms, Inc.’s valuation to $572.91B.

The 52-week high for the Meta Platforms, Inc.’s shares is $384.33. That puts it -50.49% from that peak with a 52-week low of $186.11, while the S&P 500’s share price change was of 7.75%.

The company currently has a 15.29 P/E ratio and a price target of $326.9.

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 38M, while in the last 10 days the average was 36.06M and last three months – 33.69M.

Growing short interest

The Meta Platforms, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 31.82M shares being shorted which translates into 0.64 of a short ratio for FB, while in the previous month the shorted shares were 24.11M.

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

With a market cap of 572.91B, 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.