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published in Blogs
Apr 22, 2020

Facebook (FB, $170.80) to invest nearly $6 billion in India's Jio Platforms

Facebook announced plans to invest nearly $6 billion in Jio Platforms, the digital technology subsidiary of Indian company Reliance Industries.

Facebook will buy a 9.99% stake in Jio Platforms for approximately $5.7 billion, becoming Jio’s largest minority shareholder.

Reliance Jio began its commercial operation in the second half of 2016, and emerged as a game changer in the Indian telecom market by offering bulk of 4G data and voice calls for six months to users at no charge.

“We’re making a financial investment, and more than that, we’re committing to work together on some major projects that will open up commerce opportunities for people across India,” said Mark Zuckerberg, co-founder and chief executive of Facebook.

Related Ticker: META

Aroon Indicator for META shows an upward move is likely

META's Aroon Indicator triggered a bullish signal on February 28, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 341 similar instances where the Aroon Indicator showed a similar pattern. In of the 341 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 20, 2024. You may want to consider a long position or call options on META as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where META advanced for three days, in of 328 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for META moved out of overbought territory on February 23, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 47 similar instances where the indicator moved out of overbought territory. In of the 47 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Moving Average Convergence Divergence Histogram (MACD) for META turned negative on February 21, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where META declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

META broke above its upper Bollinger Band on February 02, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. META’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (8.058) is normal, around the industry mean (17.333). P/E Ratio (32.550) is within average values for comparable stocks, (54.850). Projected Growth (PEG Ratio) (1.106) is also within normal values, averaging (3.674). Dividend Yield (0.001) settles around the average of (0.027) among similar stocks. P/S Ratio (9.434) is also within normal values, averaging (9.193).

Notable companies

The most notable companies in this group are Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Spotify Technology SA (NYSE:SPOT), Baidu (NASDAQ:BIDU), Pinterest (NYSE:PINS), Snap (NYSE:SNAP), Tencent Music Entertainment Group (NYSE:TME), Zillow Group (NASDAQ:Z), Twilio (NYSE:TWLO).

Industry description

Companies in this industry typically license software on a subscription basis and it is centrally hosted. Such products usually go by the names web-based software, on-demand software and hosted software. Cloud computing has emerged as a major force in this space, making it possible to save files to a remote database (without requiring them to be saved on local storage device); as long as a device has access to the web, it can access the data and the software programs to run it. This has in many cases facilitated cost efficiency, speed and security of data for businesses and consumers. Alphabet Inc., Facebook, Inc. and Yahoo! Inc. are some well-known names in the internet software/services industry.

Market Cap

The average market capitalization across the Internet Software/Services Industry is 56.7B. The market cap for tickers in the group ranges from 1.11K to 1.7T. GOOGL holds the highest valuation in this group at 1.7T. The lowest valued company is MSEZ at 1.11K.

High and low price notable news

The average weekly price growth across all stocks in the Internet Software/Services Industry was -1%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 4,356%. BZFD experienced the highest price growth at 59%, while QTTOY experienced the biggest fall at -70%.

Volume

The average weekly volume growth across all stocks in the Internet Software/Services Industry was -45%. For the same stocks of the Industry, the average monthly volume growth was -39% and the average quarterly volume growth was -20%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 43
P/E Growth Rating: 72
Price Growth Rating: 50
SMR Rating: 79
Profit Risk Rating: 90
Seasonality Score: -41 (-100 ... +100)
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METADaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a social networking service and website

Industry InternetSoftwareServices

Profile
Fundamentals
Details
Industry
Internet Software Or Services
Address
1 Meta Way
Phone
+1 650 543-4800
Employees
67317
Web
https://about.meta.com
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META and

Correlation & Price change

A.I.dvisor indicates that over the last year, META has been loosely correlated with GOOGL. These tickers have moved in lockstep 49% of the time. This A.I.-generated data suggests there is some statistical probability that if META jumps, then GOOGL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To META
1D Price
Change %
META100%
+1.10%
GOOGL - META
49%
Loosely correlated
+0.96%
GOOG - META
49%
Loosely correlated
+0.97%
YELP - META
39%
Loosely correlated
+0.90%
SMWB - META
39%
Loosely correlated
+0.37%
DASH - META
38%
Loosely correlated
+3.20%
More
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