Facebook, Inc. (FB) shares hit an all-time high Friday and flirted, after breaking out, with the $85 level as the social network’s market valuation exceeded $234 billion. The move came on solid volume too with the issue trading 44.46 million shares, compared to the average volume of 24.59 million. This breaks the equity’s recent trend, as it is now trading above the volatile price range of $72.63 to $81.45 in the past six-month time frame.
FB began trading at $83.38 on Friday to finish the session $1.05, or 1.27%, higher from the prior days close of $83.80. On an intraday basis it got as low as $83.07 and as high as $84.60. The new 52-wkh catapulted the social network’s market cap into the top 10 among all S&P 500 (SPX) companies.
On valuation measures, FB shares are currently priced at 75.36x this year’s forecasted earnings, which makes them expensive compared to the industry’s 35.47x earnings multiple. The company’s current year and next year EPS growth estimates stand at 10.20% and 31.80% compared to the industry growth rates of 18.60% and 21.90%, respectively. FB has a t-12 price/sales ratio of 18.58. EPS for the same period registers at $1.11.
Fabcebook shares have advanced 5.51% in the last 4 weeks and 10.10% in the past three months. Over the past 5 trading sessions the stock has gained 7.37%. Shares of Menlo Park, Calif.-based company, which currently have a median Wall Street price target of $91.00 with a high target of $107, are up 25.13% year-over-year and 7.41% year-to-date.
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