The FB stock price fluctuated between $206.18 and $220.13 throughout the trading session with the volume trading being 41M shares, which represented a positive variation when compared to the three months average volume of 38M shares.
The share price of Meta Platforms, Inc. (NasdaqGS:FB) dipped -6.77% to close Thursday’s market session at $208.28, lower as compared to yesterday’s close which brings the market valuation of the company to $604.62B.
The 52-week high for the Meta Platforms, Inc.’s shares is $384.33. That puts it -45.81% from that peak with a 52-week low of $169.00, while the S&P 500’s share price change was of 1.60%.
The company currently has a 16.94 P/E ratio and a price target of $301.98.
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 41M, while in the last 10 days the average was 50.13M and last three months – 37.91M.
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 27.61M shares being shorted which translates into 0.98 of a short ratio for FB, while in the previous month the shorted shares were 33.22M.
Meta Platforms, Inc.’s (NasdaqGS:FB) financials
With a market cap of 604.62B, Meta Platforms, Inc. holds a total cash of $43.89B that translates into $16.22 per share, while the total debt is of $14.66B.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 6.60%. The current revenue is of $119.67B that is $42.98 per share.
This is a great sign for a bright future.