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In 2014, WhatsApp and Oculus became a part of Facebook, Inc. In December 2018, the company announced its plans to develop a cryptocurrency that will be backed by USD. In 2019, the company launched a digital wallet and Calibra currency.
It operates in two segments, Family of Apps and Reality Labs. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California. Moreover, Meta (former Facebook Inc.) has been a part of many lawsuits and scandals. It’s critical that the company’s shareholders sued it many times.
It owns Instagram, Messenger, WhatsApp, Oculus, Giphy, Mapillary, and Kustomer, and it has a stake in India’s Jio Platforms. In 2021, 97.5% of the company’s revenue came from the sale of advertisement placements to marketers. Sign up for email alerts
The stock information provided is for informational purposes only and is not intended for trading purposes. The stock information is provided by TickerTech, stock charts are provided by Q4 Inc., both third party services, and Meta does not maintain or provide information directly to this service.
Institutional investors own over 60% of the company’s shares. Although you can buy its shares and hold them until the stock price reaches a new high, another option is CFD trading. When trading a stock CFD, you don’t care whether an asset’s price increases or declines.
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To see all exchange delays and terms of use please see Barchart’s disclaimer. Facebook’s stock price would get another big boost in February 2014, when the company announced it would purchase WhatsApp. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.
The social media titan believes this will be the next big platform for social interaction, entertainment, and commerce. Quarter after quarter, Facebook’s stock price continued to climb with few massive jumps in either direction, negative or positive. Though Facebook stock did suffer a slight stock price loss in late 2016 when news broke that Facebook may have misled companies with incorrect advertising metrics. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.
As Meta is a huge company that doesn’t always succeed when acquiring a new company or launching a product or feature, traders should check the news daily. The company’s primary operating segment is the Family of Apps. The family of Apps includes Facebook and all the other digital applications. This segment produces virtually all of the revenue which is in turn 97% advertising oriented.
Facebook (FB) Stock Price Last 6 Months ($189.62-$343.21 range)
Over the years, Facebook acquired a large number of apps and other businesses that include but are not limited to Instagram and WhatsApp. The company changed its name to Meta Platforms DBA Meta in 2021 to reflect its business and mission better. The new name describes the metaverse and refers to the seamless social interaction provided by Meta’s social media application universe. The massive IPO valuation earned Facebook a spot in the S&P 500 in the first year of its public life.
This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. These returns cover a period from January 1, 1988 through May 15, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Meta’s earnings and revenue have been growing year to year. It reflects the company’s efficiency at generating profits on an equity base. As for Meta, the return on equity has been stable for several years. However, the company’s earnings growth rate is lower than the US Internet content & information industry growth rate.
META’s financial health
We hope the above report will help you do a basic analysis of Facebook Inc (FB)’s price movement and performance (growth) over the last six months. For a good stock, the troughs would naturally fall at the beginning of the six-month period. In case you find most of the troughs towards the end of the period, you may have to check the underlying factors. The factors may be specific to the company or general (like industry-level issues, worsening international trade relations, etc.,).
Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1′s and #2′s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4′s and #5′s.
Trade Meta Platforms Inc. – META CFD
However, it’s worth mentioning that Meta Platforms Inc. mostly provides positive financial reports. Millions of people use the company’s social networking website every day to keep up with friends, upload photos, and share links. In late 2017, Facebook stock price was trading on the verge of $170 per share, giving the company a market value of almost $500 billion. The first section will help you observe the performance of FB stock in the last 6 months. Now you will see a line graph representing the weekly average values.
However, in December 2004, the number of Facebook users hit 1 million. By May 2005, the network had expanded to over 800 college campuses. Threads will be released as soon as Thursday and will be paired with Instagram. Meta stock flashed but a blip.Threads will be released as soon as Thursday and will be paired with Instagram. The DXY hit a seven-month low in January, just a few months after a multi-decade peak in late September. The company was founded on 4 February 2004, by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes and Eduardo P. Saverin.
- Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
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- You may have to look for sharp changes and analyze the reasons if any.
- Millions of people use the company’s social networking website every day to keep up with friends, upload photos, and share links.
- The company was founded on 4 February 2004, by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes and Eduardo P. Saverin.
The company quickly grew and expanded into other universities and then opened itself to the public in 2006. As of 2006, anyone over the age of 13 can be a Facebook user which is the company’s primary source of income. As of 2022, the company claimed more than 2.9 billion monthly active Facebook users. In October 2021, Facebook Inc. was renamed Meta Platforms Inc. The rebranding occurred due to the rising popularity of the “metaverse,” where users would interact in virtual reality environments. By the end of the first week of trading, Facebook’s stock price had dropped to $26.81.
Meta Platforms (NASDAQ: META)
After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. Now let us check the four other highest prices in descending order. The below table lists the top weeks, the average prices, and a comparison with the overall highest price. The fourth section will help you learn the highest weekly prices of Facebook Inc (FB) in the last six months. Meta Platforms issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th.
It builds technology that helps people connect, find communities, and grow businesses. It operates through the Family of Apps (FoA) and Reality Labs (RL) segments. The FoA segment consists of Facebook, Instagram, Messenger, WhatsApp, and other services. The RL segment includes augmented and virtual reality related consumer hardware, software, and content. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004, and is headquartered in Menlo Park, CA.
For a steady stock under steady circumstances (favorable global/local factors) one can expect the highest values to fall towards the end of the six-month frame. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Upgrade to MarketBeat All Access to add more stocks to your watchlist.
Meta Platforms operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. The firm’s products https://g-markets.net/helpful-articles/forex-trading-vs-stock-trading/ include Facebook, Instagram, Messenger, WhatsApp, and Oculus. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA. Meta Platforms, Inc., engages in the development of social media applications.
But such an analysis will help you do a quick relative check of FB against peers or industry benchmarks. Also, you should always be aware of the company’s financial reports. Remember that any negative data can pull the stock price down.