Facebook Inc. (FB) has unveiled plans to release its own cryptocurrency called Libra. The new currency could be released as early as next year. Libra will be a stablecoin cryptocurrency, which is backed by government currencies and securities in order to avoid extreme fluctuations in price.
FB stock is lower by -3.22% over the last 12 months, and the average rating from Wall Street analysts is a Strong Buy. Stock Score Report, InvestorsObserver’s proprietary scoring system, gives FB stock a score of 77 out of a possible 100.
That score is primarily influenced by a fundamental score of 84. In addition to the average rating from Wall Street analysts, FB stock has a mean target price of $213.80. This means analysts expect the stock to add 11.40% over the next 12 months. FB’s score also includes a short-term technical score of 80. The long-term technical score for FB is 66.
What’s Happening with FB Stock Today
Facebook, Inc. (FB) stock is up 1.54% while the S&P 500 has gained 1.14% as of 10:30 AM on Tuesday, Jun 18. FB has gained $2.91 from the previous closing price of $189.01 on volume of 13,038,008 shares. Over the past year the S&P 500 has risen 5.36% while FB is lower by -3.22%. FB earned $6.73 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 28.51.