Facebook has been mired in a slew of data security issues in recent times. On Wednesday, Facebook-owned messenger-cum-video calling app WhatsApp revealed that it has fixed a bug that let hackers get access to users’ applications when they answered an incoming video call. This announcement comes after technology websites ZDnet and The Register first wrote about the issue and mentioned that it was fixed by Facebook in early October.
Acquired by Facebook in 2014 for $19 billion, WhatsApp is an immensely popular platform for people to connect with family, friends and business contacts. With over 1.2 billion users of the app worldwide, news of a security threat potentially looms large over the platform's popularity and goodwill. Facebook has tried to assuage user and investor concerns through its statements. "We routinely engage with security researchers from around the world to ensure WhatsApp remains safe and reliable. We promptly issued a fix to the latest version of WhatsApp to resolve this issue," Ann Yeh, spokeswoman for WhatsApp, told Reuters in an email.
Wednesday’s announcement comes only a week after Facebook disclosed that over 50 million accounts on its website were infiltrated by hackers via a vulnerability in one of its key features, and said that it has resolved the issue and will keep checking in on users' data safety.
META's Aroon Indicator triggered a bullish signal on June 07, 2023. 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 279 similar instances where the Aroon Indicator showed a similar pattern. In of the 279 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
The Momentum Indicator moved above the 0 level on May 17, 2023. You may want to consider a long position or call options on META as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for META just turned positive on May 18, 2023. Looking at past instances where META's MACD turned positive, the stock continued to rise in of 46 cases over the following month. 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 318 cases, the price rose further within the following month. The odds of a continued upward trend are .
The 10-day RSI Indicator for META moved out of overbought territory on June 07, 2023. 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 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 June 01, 2023. 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.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. META’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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 Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock slightly better than average.
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 (5.414) is normal, around the industry mean (21.660). P/E Ratio (32.680) is within average values for comparable stocks, (41.639). Projected Growth (PEG Ratio) (0.914) is also within normal values, averaging (3.365). Dividend Yield (0.000) settles around the average of (0.023) among similar stocks. P/S Ratio (5.988) is also within normal values, averaging (9.533).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a social networking service and website
Industry InternetSoftwareServices
A.I.dvisor indicates that over the last year, META has been loosely correlated with GOOGL. These tickers have moved in lockstep 65% 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.
Ticker / NAME | Correlation To META | 1D Price Change % | ||
---|---|---|---|---|
META | 100% | -2.76% | ||
GOOGL - META | 65% Loosely correlated | -3.78% | ||
GOOG - META | 65% Loosely correlated | -3.85% | ||
SPOT - META | 58% Loosely correlated | -3.08% | ||
FVRR - META | 54% Loosely correlated | +0.35% | ||
ZG - META | 52% Loosely correlated | -1.89% | ||
More |