Momo Inc (MOMO) Reaches New 1-Year High at $25.62
Momo Inc (NASDAQ:MOMO) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $25.62 and last traded at $24.48, with a volume of 6,274,700 shares changing hands. The stock had previously closed at $24.00.
Several equities research analysts recently issued reports on MOMO shares. Zacks Investment Research raised shares of Momo from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. JPMorgan Chase & Co. started coverage on shares of Momo in a report on Wednesday, August 31st. They set an “overweight” rating on the stock.
The firm has a market cap of $4.64 billion and a PE ratio of 174.86. The firm has a 50 day moving average price of $16.36 and a 200-day moving average price of $13.73.
Momo (NASDAQ:MOMO) last issued its earnings results on Tuesday, August 16th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The business had revenue of $99 million for the quarter, compared to the consensus estimate of $30.70 million. On average, equities research analysts predict that Momo Inc will post $0.36 earnings per share for the current fiscal year.
Momo Inc is a holding company. The Company operates Momo, a mobile-based 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, customers 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.
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