Momo Inc. (NASDAQ:MOMO) has a beta value of 1.62 and has seen 2,320,101 shares traded in the last trading session. The company, currently valued at $3.2 Billion, closed the last trade at $15.31 per share which meant it gained $0.07 on the day or 0.46% during that session. The MOMO stock price is -166.95% off its 52-week high price of $40.87 and 12.93% above the 52-week low of $13.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.82 Million shares traded. The 3-month trading volume is 3.64 Million shares.
The consensus among analysts is that Momo Inc. (MOMO) is an Overweight stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 6 out of 22 have rated it as a Hold, with 15 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.38.
Momo Inc. (NASDAQ:MOMO) trade information
Sporting 0.46% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Nov 16 when the MOMO stock price touched $16.25- or saw a rise of 5.78%. Year-to-date, Momo Inc. shares have moved -54.3%, while the 5-day performance has seen it change -3.53%. Over the past 30 days, the shares of Momo Inc. (NASDAQ:MOMO) have changed 7.44%. Short interest in the company has seen 5.98 Million shares shorted with days to cover at 1.64.
Momo Inc. (MOMO) estimates and forecasts
Figures show that Momo Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -23.6% over the past 6 months, with this year growth rate of -39.52%, compared to -20.8% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -44.1% and -43.6% for the next quarter. Revenue growth from the last financial year stood is estimated to be -4.5%.
8 analysts offering their estimates for the company have set an average revenue estimate of $561.96 Million for the current quarter. 7 have an estimated revenue figure of $595.04 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $636.1 Million and $669.85 Million respectively for this quarter and the next, and analysts expect sales will grow by -11.7% for the current quarter and -11.2% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +99.9% over the past 5 years. Earnings growth for 2020 is a modest +1.3% while over the next 5 years, the company’s earnings are expected to increase by 2.67%.
Momo Inc. (NASDAQ:MOMO)’s Major holders
Insiders own 3.12% of the company shares, while shares held by institutions stand at 69.63% with a share float percentage of 71.87%. Investors are also buoyed by the number of investors in a company, with Momo Inc. having a total of 427 institutions that hold shares in the company. The top two institutional holders are Renaissance Technologies, LLC with over 14.17 Million shares worth more than $194.99 Million. As of September 29, 2020, Renaissance Technologies, LLC held 7.19% of shares outstanding.
The other major institutional holder is Overlook Holdings Limited, with the holding of over 7.6 Million shares as of September 29, 2020. The firm’s total holdings are worth over $104.63 Million and represent 3.86% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard International Stock Index-Total Intl Stock Indx and Vanguard International Stock Index-Emerging Markets Stk. As of July 30, 2020, the former fund manager holds about 1.19% shares in the company for having 2339512 shares of worth $43.21 Million while later fund manager owns 2.09 Million shares of worth $38.56 Million as of July 30, 2020, which makes it owner of about 1.06% of company’s outstanding stock.