With 2.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.38 million shares. The 52-week range on MOMO shows that it touched its highest point at $8.15 and its lowest point at $5.05 during that stretch. It currently has a 1-year price target of $9.48. With its current market cap of 1.00 billion, MOMO has annualized dividend of $0.00 while the current yield stands at 0.00%. Beta for the stock currently stands at 0.32.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MOMO was up-trending over the past week, with a rise of 33.12%, but this was up by 32.48% over a month. Three-month performance surged to 29.37% while six-month performance rose 29.94%. The stock gained 61.12% in the past year, while it has gained 14.10% so far this year. A look at the trailing 12-month EPS for MOMO yields 1.06 with Next year EPS estimates of 1.08. For the next quarter, that number is 0.27. This implies an EPS growth rate of 170.19% for this year and 3.59% for next year. EPS is expected to grow by 42.73% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -17.88%.
Float and Shares Shorts:
At present, 120.49 million MOMO shares are outstanding with a float of 120.40 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MOMO since 10 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $6.77544 being high and $5.65785 being low. For MOMO, this leads to a yearly average estimate of $6.21664.
