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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

(FB)
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Delayed Quote. Delayed Nasdaq - 11/27 01:00:00 pm
277.81 USD   +0.81%
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Another bitcoin bubble? Backers hope this time is different

11/19/2020 | 12:05pm EST

Bitcoin is back.

It's surged to the cusp of its all-time high in 2017 and backers are hoping there's less chance of a crash this time round.

But it's not yet made it to the mainstream and analysts say bitcoin is still far from a safe bet.

Reuters' cryptocurrency correspondent Tom Wilson.

"Even though we've seen the embrace of some big companies like PayPal or like Facebook, of digital coin technology, of Bitcoin, of other crypto currencies, Bitcoin is still very much on the fringes. For many large investors, pension funds don't really like it. Large asset managers don't really like it. And that's because there are still many risks associated with it. It's still volatile, it's still po orly regulated. There's still a big chance investors can lose their money very quickly."

Bitcoin soared 160% this year.

The steep trajectory of its rally echoes that of 2017 when a retail-led buying spree pushed it to nearly $20,000, only for it to crash more than 50% a month later.

But 2020 isn't the wild west of three years ago.

"Bitcoin fans say that this rally is different to the 2017 bubble. That's because the structure of bitcoin markets has changed quite considerably. Now, there are larger investors involved in the space instead of an overwhelming majority of retail investors. At the same time, there are more sophisticated derivative markets so investors can hedge their positions and also a wider variety of custody services so investors can safely store their digital coins."

It's easier these days for professional investors to seek exposure to crypto.

Their involvement, the argument goes, may lead to more liquidity and less volatility.

As regulation develops, big names are moving into the market.

Bitcoin is also benefiting from increased appetite for riskier assets, following government and central bank stimulus measures to combat recessions.

Yet for all the improvements, it remains highly volatile.

The sector is still opaque, trading data remains patchy and concerns over market manipulation are rife.

2020 could just be another bitcoin bubble, waiting to pop.


© Reuters 2020
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Financials (USD)
Sales 2020 83 587 M - -
Net income 2020 26 870 M - -
Net cash 2020 63 906 M - -
P/E ratio 2020 29,8x
Yield 2020 -
Capitalization 791 B 791 B -
EV / Sales 2020 8,70x
EV / Sales 2021 6,82x
Nbr of Employees 56 653
Free-Float 83,8%
Chart FACEBOOK INC
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Facebook Inc Technical Analysis Chart | MarketScreener
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Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Average target price 315,73 $
Last Close Price 277,81 $
Spread / Highest target 35,0%
Spread / Average Target 13,7%
Spread / Lowest Target -56,8%
EPS Revisions
Managers
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
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