Momo Inc. (NASDAQ:MOMO) traded at $15.2 at last check on Wednesday, Sep 16, making an upward move of 1.64% on its previous day’s price.
Looking at the stock we see that its previous close was $14.96 and the beta (5Y monthly) reads 1.71 with the day’s price range being $14.91 – 15.26. The company has a 12-month trailing PE ratio of 7.86. In terms of its 52-week price range, MOMO has a high of $39.42 and a low of $13.87. The company’s stock has gained about -24.1% over that past 30 days.
Momo has a market cap of $3.06 Billion and is expected to release its quarterly earnings report on Nov 24, 2020- Nov 30, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the MOMO stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.37, with the EPS growth for the year declined at $1.73 for 2020 and $2.26 for next year. These figures represent -0.39% and at 0.31% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $543.26 Million, with a low of $540.14 Million and a high of $546.71 Million. The median projection represents growth adding up to -14.6% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $2.23 Billion, or -8.4% down from figures reported last year.
On the other hand, looking at the outlook for the MOMO stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 24 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 6 have rated the Momo Inc. (MOMO) stock as a Hold, while 17 rate it as a Buy. 1 analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Let’s briefly compare Momo (MOMO) stock to its peers. We find that today’s price change of +1.64% and -56.31% over the past 12 months for MOMO competes that of Netease Inc Ads (NTES), which has seen its stock price rise 0.22% in the latest trading session and is +80.56% over the last one year. Another of its peers Okta Inc Cl A (OKTA) has climbed 0.79% today, and is +86.36% up over the past year, while Verisign Inc (VRSN) is also up 1.64% yet its price remains in the red at -56.31% over the same period. Netease has a P/E ratio of 26.88 compared to Momo’s 7.86 and Okta’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.47% and 0.77%, respectively, in early deals.
Coming back to Momo Inc. (NASDAQ:MOMO), we note that the average 3-month trading volume was 4.61 Million, while that of the preceding 10-day period stands at 4.46 Million. Current shares outstanding are 209.06 Million.
According to data from Thomson Reuters, insiders hold 4.28% of the company’s shares while institutions hold 72.07%. The data shows that short shares as of August 30, 2020, stood at 8.22 Million at a short ratio of 2.93. This represents a 3.93% Short interest in Shares outstanding on August 30, 2020. Shares short dropped in August from the previous month at 8.64 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -53.71% down in year-to-date price movement.