Facebook, Inc. Stock Analysis Suggests The Company Might Witness a Decline of 10%.

The stock analysis of the social media network suggested that in the near future the stock of Facebook might be trading at a share price of $93; not a very good news for the investors of the company.

On December 11^th Facebook Stock declined by 2.5% as the oil prices hit a low time in the past one year’s time. Both the Dow Jones as well as the NASDAQ indices were low during the trade by 1.5%. It is expected that the stock of the social media giant is likely to decline further by 10% trading at a share price of $93. Since August 24^th, the social media website’s stock has been increasing due to which the day is termed as Black Monday.

The global market has declined drastically this year due to the Chinese economic meltdown and the devaluation of Yuan. Due to this decline in the global market, Facebook stock has witnessed a decline of 15% in three days’ time. But since the decline the stock of the social media network has fairly been doing well and has seen an incline of 20% till date after reporting a good third quarter report on November 4.

Towards the end of the first week of November, there was again a decrease in the share price of the company after witnessing its high record of $110.65. Due to the fall in the global economy, the share price is expected to fall to $99.75 in the short term. Investors are seriously concerned with this decline as they believe if the share price goes below the mark of $99; the stock will witness a downward pressure.

In other news according to Reuter, the social media site is all set to launch its Facebook at Work service which is a professional communication platform in 2016. This is the social media network’s professional communication and networking platform comprising of the facebook ‘likes’ feature along with a chatting service. The social media corporation has been testing this service since last year during which it has worked on making communication easier amongst employees and co-workers.

The social media site in the last seven days has lost 3.84% and in the past 30 days has seen a decline of $1.76%. In comparison to the S&P 500 index the shares of the social media company are performing negatively with a loss of 0.33 % and have underperformed the index by 1.24% in a month’s time. At the trading session on Friday the stock of the social media corporation was trading at $102.12 per share with a high of $104.34 and a low of $101.91. The current market cap of the social media giant is 288.79 billion.