The stock of Momo Inc (ADR) (NASDAQ:MOMO) is a huge mover today! About 2.32M shares traded hands. Momo Inc (ADR) (NASDAQ:MOMO) has risen 97.92% since April 5, 2016 and is uptrending. It has outperformed by 95.97% the S&P500.
The move comes after 7 months positive chart setup for the $4.84 billion company. It was reported on Nov, 7 by Barchart.com. We have $41.78 PT which if reached, will make NASDAQ:MOMO worth $3.00B more.
Analysts await Momo Inc (ADR) (NASDAQ:MOMO) to report earnings on November, 17. MOMO’s profit will be $15.01 million for 80.59 P/E if the $0.08 EPS becomes a reality. After $0.08 actual earnings per share reported by Momo Inc (ADR) for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Momo Inc (ADR) (NASDAQ:MOMO) Ratings Coverage
Out of 4 analysts covering Momo Inc (NASDAQ:MOMO), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Momo Inc has been the topic of 4 analyst reports since August 31, 2016 according to StockzIntelligence Inc. The company was initiated on Monday, October 31 by HSBC. Morgan Stanley upgraded the stock to “Overweight” rating in Wednesday, October 19 report. The rating was initiated by JP Morgan with “Overweight” on Wednesday, August 31. The company was initiated on Friday, November 4 by TH Capital.
According to Zacks Investment Research, “Momo Inc. provides mobile-based social networking platform primarily in the Peoples Republic of China. Its platform includes mobile applications and related features, functionalities, tools and services. The Company offers two types of mobile game services non-exclusive mobile game services and exclusive mobile game services. It also provides membership subscription and other services which include paid emoticons and mobile marketing services. Momo Inc. is headquartered in Beijing, the Peoples Republic of China.”
More notable recent Momo Inc (ADR) (NASDAQ:MOMO) news were published by: Marketwatch.com which released: “Momo Inc. ADR NASDAQ: MOMO” on November 20, 2013, also Investorplace.com with their article: “Why Momo Inc (ADR) Stock Is Soaring Today” published on October 10, 2016, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on June 09, 2013. More interesting news about Momo Inc (ADR) (NASDAQ:MOMO) were released by: Investorplace.com and their article: “MOMO Stock: Why Momo Inc (ADR) Is Looking REALLY Attractive” published on May 13, 2016 as well as Livetradingnews.com‘s news article titled: “Momo Inc (ADR) (NASDAQ:MOMO) Heffx Trading Outlook” with publication date: October 11, 2016.
MOMO Company Profile
Momo Inc., incorporated on July 1, 2014, is a holding company. The Firm operates Momo, a mobile social networking platform. The Company’s Momo platform includes its Momo mobile application and a range of related features, functionalities, tools and services that it provides to users, clients and platform partners. Momo users can maintain their relationships through its private and group communication tools, content creation and sharing functions, as well as the offline social activities promoted on its platform. It also offers live music and entertainment broadcasts on its Momo platform. The Momo mobile application, which is available on android, iPhone operating system (iOS) and Windows platforms, enables users to establish social relationships based on locations and interests. Momo offers a personal way for users to discover people nearby, and the Company facilitates the connecting, communicating, interacting, and content sharing with others. Momo features various location and interest features, such as Nearby functions and other functions.
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