The stock of Momo Inc (ADR) (NASDAQ:MOMO) is a huge mover today! About 1.39 million shares traded hands. Momo Inc (ADR) (NASDAQ:MOMO) has risen 22.55% since April 13, 2016 and is uptrending. It has outperformed by 18.62% the S&P500.
The move comes after 7 months positive chart setup for the $3.74B company. It was reported on Nov, 15 by Barchart.com. We have $31.19 PT which if reached, will make NASDAQ:MOMO worth $1.83 billion more.
Analysts await Momo Inc (ADR) (NASDAQ:MOMO) to report earnings on November, 17. MOMO’s profit will be $14.30M for 65.41 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 stock of Momo Inc (ADR) (NASDAQ:MOMO) has “Buy” rating given on Monday, October 31 by HSBC. The rating was initiated by JP Morgan on Wednesday, August 31 with “Overweight”. TH Capital initiated the stock with “Buy” rating in Friday, November 4 report. The stock has “Overweight” rating given by Morgan Stanley on Wednesday, October 19.
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: Investorplace.com which released: “MOMO: Momo Inc (ADR) Stock Drops on Q3 Earnings Report” on November 08, 2016, also Marketwatch.com with their article: “Momo Inc. ADR NASDAQ: MOMO” published on November 20, 2013, Investorplace.com published: “Why Momo Inc (ADR) Stock Is Soaring Today” on October 10, 2016. 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 Quotes.Wsj.com‘s news article titled: “DOW JONES, A NEWS CORP COMPANY” with publication date: June 09, 2013.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.