Facebook Inc (NASDAQ:FB), world’s biggest social networking site owner, stock plunged to lowest level after freeing up an additional 271.1 million shares, lifting by 60% the number available to trade and compounding fears that have depressed the stock since the IPO.
Shares of Facebook moved down 6.3% to settle in New York at $19.87. Shares of the company have not closed more than the $38 Initial Public Offerings price since the primary day of trading.
The outlook of additional stock sales means Facebook will require to work even harder to convince investors that it deserves a higher price, relative to earnings, than all of its United States-based rivals except for Linkedin Corporation (NYSE:LNKD). Shares of the company freed up on Thursday make up only 14% of the 1.91 billion that will be available for sales in the coming 9 months.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector MeetMe Inc (NYSE:MEET) fell -2.66 to settle at $2.56, Google Inc (NASDAQ:GOOG) moved up +0.80% to end at $672.87 while WebMD Health Corp (NASDAQ:WBMD) increased +1.66% to finish on Thursday at $15.37.
Facebook Inc (NASDAQ:FB) last session volume of 157.55 million shares was surprisingly higher than its average volume of 30.89 million shares. The stock after opening at $20.44 hit high price of $20.48 and then closed at $19.87 by scoring -6.27%.
The liquidity measure in recent quarter results of the company was recorded +11.57 as current ratio and on the other side the debt to equity ratio was 0.05 and long-term debt to equity ratio also remained 0.03. The Company had total cash at hand $10.19 billion and a book value per share as $6.22 in the most recent quarter.
The stock price volatility was 4.76% for a week and 5.33% for a month as well as price volatility’s Average True Range for 14 days was 1.32.
FB generated revenue of 4.33 billion in the following twelve months and earned $383.00 million. The Company showed a positive 13.29% in the net profit margin and as well as in its operating margin which remained 13.84%.
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