|Bid||25.20 x 900|
|Ask||25.35 x 1200|
|Day's Range||24.47 - 25.84|
|52 Week Range||24.05 - 54.24|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||12.36|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Chinese digital company Momo (NASDAQ:MOMO) recently reported Q3 numbers which beat on top and bottom line expectations and included a strong fourth quarter revenue guide. Because despite the double-beat-and-raise report, growth at Momo is slowing and margins are falling. With trade war headwinds still as prevalent as ever, no one wants to buy into a company with slowing revenue growth and falling margins against a trade war clouded backdrop.
Hedge funds and other investment firms run by legendary investors like Israel Englander and Ray Dalio are entrusted to manage billions of dollars of accredited investors’ money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to invest a […]
China's social-video speedster takes a hit after landing at the low end of its guidance. The fourth quarter doesn't look any more promising.
This is an increase over the company’s earnings per share of 45 cents for the same period of the year prior. It was also able to match Wall Street’s earnings per share estimate for the quarter, but couldn’t keep Momo stock from falling today. Net income reported by Momo for the third quarter of 2018 came in at $84.03 million.
Rather, the yardstick by which Momo stock has been and still is judged is the pace of its growth. With the tariff showdown currently taking a cease-fire and likely to be closer to its end than not though, in addition to a garden-variety oversold condition, Thursday’s earnings report may well light a fire under Momo stock again. Originally scheduled for Wednesday morning, China’s online dating platform Momo rescheduled the report on Monday in light of the fact that U.S. markets will be closed on Dec. 5 to honor the passing of former President George HW Bush.
The rationale behind the selloff in China stocks is pretty straightforward. The China economy has been flashing warning signs of cooling off for several months, while the U.S. dollar has concurrently strengthened. Amid this economic slowdown and U.S. dollar uptick, U.S. and China trade tensions have not improved, and the probability of bigger and more wide-sweeping tariffs coming in 2019 is now quite high.
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Momo Inc (NASDAQ:MOMO) with a market-capitalization of US$6.5b, rarely draw their attention. However, history shows that overlooked Read More...
Three weeks ago, I suggested in a column that Momo (NASDAQ:MOMO), the developer of a popular Chinese online dating app, was a fine company, but that investors shouldn’t buy MOMO stock yet. MOMO shares ended up falling as much as 20% since then, and the MOMO stock price is still about 10% less than what it was then. MOMO stock still hasn’t fallen as much as I would have liked it to have.
Whether you’re on the left or right side of the aisle, a trade war in tech stocks has left opportunities for investors in Facebook (NASDAQ:FB), Momo (NASDAQ:MOMO), Netflix (NASDAQ:NFLX) and iQiyi (NASDAQ:IQ). Not that I thought I’d never see the day, but the time to consider social media giant Facebook as a long position has arrived.
China technology stocks rallied Monday with the Shanghai Composite Index having its biggest one-day gain in three years.
YY Inc. (NASDAQ:YY) continues to fall, even as the Chinese, video-based social media company increases its profits. The YY stock price has now dropped by more than 55% since achieving its 52-week high in January. The possible geopolitical and industry risk may deter investors from buying YY stock.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
A little less than a month ago yours truly took a bigger-picture look at Momo (NASDAQ:MOMO), ultimately determining the company and the stock were winners. Since then, Momo stock has fallen 27%, and is knocking on the door of even lower lows thanks to a sweeping change in how traders perceive the current market environment. It’s not all that easy to pin down exactly what Momo is.