Most of the growth stocks were down from their early-year levels. But for Facebook Inc. (NASDAQ: FB) It was the other way around.
The social media giant rallied in shares to hit a record high of $ 314.25 on Wednesday. Although the stock closed at $ 313.09, it is still a 13% gain YTD, outpacing the S&P 5000’s 8.5% YTD gain. Despite the recent strong performance, the stock still trades at an attractive valuation. The company gained traction by the end of 2020, despite slowing revenue growth as advertisers scaled back, tweaked, and paused ad campaigns during blocking. In the fourth quarter, revenue was 33% YoY thanks to accelerated online trading.
Although their business is showing strong momentum, the shares are still trading at a low price. The share price / earnings ratio is 30, which is low. Analysts expect earnings per share to grow 22% annually over the next five years. Facebook stock is growing steadily and could be an attractive investment in the coming months.
Editor and computer expert
Uson Abdilazhanov, a hardcore tech enthusiast and computer expert with a degree in communications, has been writing on his personal blogs since 2012. Then he was interested in the technical part of the computer. But now the programmatic aspect plays an important role in his career. He currently has a computer assembly and repair workshop that helps many designers and gamers who always love to try new things.