Shares of Facebook, Inc. (FB) hit a new 52-week high on Friday, printing the tape at $95.39. That’s a 44.18% rise, or $29.23 per share, from the 52-week low of $66.16 set in July 21, 2014.
The stock closed at $94.97 at the end of Friday’s trading session, printing a one-year return of 43% and year-to-date return of around 22%. The bullish run reflects Facebook’s profitable business model combined with its solid growth.
The Menlo Park, Calif.-based social networking giant, which is currently valued at $253.61 billion, is set to announce its results for second quarter of fiscal 2015, on July 29. Morgan Stanley (MS) and Deutsche Bank (DB) expect the name to report $4 billion in revenue, along with a profit of $0.54 per share. Facebook reported 1st quarter March 2015 EPS of $0.42 per share on revenue of $3.5 billion. The consensus EPS was $0.40 per share on revenue of $3.6 billion.
The chart below shows where FB has traded over the past year.
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