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Momo Inc. (MOMO) in Focus: Stock Moves 9% Higher

Zacks Equity Research
Updated

Momo Inc. MOMO was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 33.2% in the past one-month time frame.

The move came after the company reported solid fourth-quarter 2017 results.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Momo Inc. currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

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Momo Inc. Price

Momo Inc. Price | Momo Inc. Quote

A better-ranked stock in the Internet - Software and Services industry is 58.com Inc. WUBA, holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is MOMO going up? Or down? Predict to see what others think:Up or Down

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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Momo Inc. (MOMO) : Free Stock Analysis Report
 
58.com Inc. (WUBA) : Free Stock Analysis Report
 
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Zacks Investment Research