The stock of Momo Inc (ADR) (NASDAQ:MOMO) is a huge mover today! About 1.26 million shares traded hands. Momo Inc (ADR) (NASDAQ:MOMO) has risen 26.44% since April 26, 2016 and is uptrending. It has outperformed by 21.18% the S&P500.
The move comes after 7 months positive chart setup for the $4.11B company. It was reported on Nov, 29 by Barchart.com. We have $22.62 PT which if reached, will make NASDAQ:MOMO worth $164.40 million more.
Analysts await Momo Inc (ADR) (NASDAQ:MOMO) to report earnings on March, 21. They expect $0.30 EPS, up 900.00% or $0.27 from last year’s $0.03 per share. MOMO’s profit will be $56.69M for 18.13 P/E if the $0.30 EPS becomes a reality. After $0.19 actual EPS reported by Momo Inc (ADR) for the previous quarter, Wall Street now forecasts 57.89% 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 rating was initiated by HSBC on Monday, October 31 with “Buy”. Morgan Stanley upgraded the shares of MOMO in a report on Wednesday, October 19 to “Overweight” rating. The rating was initiated by TH Capital on Friday, November 4 with “Buy”. The stock of Momo Inc (ADR) (NASDAQ:MOMO) earned “Overweight” rating by JP Morgan on Wednesday, August 31.
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 Investorplace.com with their article: “Why Momo Inc (ADR) Stock Is Soaring Today” published on October 10, 2016, Marketwatch.com published: “Momo Inc. ADR NASDAQ: MOMO” on November 20, 2013. More interesting news about Momo Inc (ADR) (NASDAQ:MOMO) were released by: Quotes.Wsj.com and their article: “DOW JONES, A NEWS CORP COMPANY” published on June 09, 2013 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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