Chinese mobile social networking giant Momo Inc (NASDAQ:MOMO) announced its unaudited Q3 2018 financial quarter on December 5. According to the report, the company’s net revenue for the quarter gained by 51% compared to the net revenue reported in its 2017 third quarter. Momo also revealed that its Q3 2018 […]
Tag: Momo Inc.
Analysts seem to agree that there more gains to come from holding Momo Inc. (NASDAQ:MOMO) stock. However, the stock is in a decline that amounts to -0.9% since January this year. Interestingly, analysts peg the 12-month price target for Momo at $47.53. However, the market seems to disagree. In particular, the stock […]
Shares of Momo Inc. (NASDAQ:MOMO) are back to where they started the year at after Q3 earnings report failed to strengthen investors’ confidence in the company. Earnings coming at the lower end of the guidance and Q4 guidance failing to beat expectations all but spooked investors fuelling a sell-off of […]