Momo Inc. (MOMO) shares are trading at 41.20, up 5%. The company is reporting earnings on Wednesday, August 22. What's driving MOMO stock price? What's MOMO stock price 'forecast'?
Momo is a popular Chinese mobile dating and social networking company with a fast and profitable growth, strong track record, and a huge addressable market. Its market cap is $8 billion.
Earlier this year, the company acquired China's top dating app Tantan, the "Tinder of China," which seems to be a very promising acquisition. Despite the astronomical growth, Momo still has a Forward P/E of 12, at the low end of the P/E spectrum for such growth.
www.finstead.com/bit...ction-august-21-2018
Momo is a popular Chinese mobile dating and social networking company with a fast and profitable growth, strong track record, and a huge addressable market. Its market cap is $8 billion.
Earlier this year, the company acquired China's top dating app Tantan, the "Tinder of China," which seems to be a very promising acquisition. Despite the astronomical growth, Momo still has a Forward P/E of 12, at the low end of the P/E spectrum for such growth.
www.finstead.com/bit...ction-august-21-2018