Can Momo Stock Bounce Back After Last Week's 19% Drop?
One of this week's biggest losers was Momo (NASDAQ: MOMO), tumbling 18.8% after posting fresh financials. Revenue and earnings more tripled in the second quarter, exceeding expectations on both fronts, but sequential stagnancy in paying users raised concerns about Momo's long-term prospects.
The Chinese dating-app specialist has been on fire since the it transformed itself into a leading live video platform with broader appeal. Growth has been scorching, with revenue climbing 215% to $312.2 million in last week's report, well above its earlier guidance calling for a 186% to 191% top-line surge. However, closing out the period with the same 4.1 million paying users it had during this year's first quarter proved problematic for a company that otherwise remains one of this year's hottest performers. Momo stock has soared 94% so far this year, even after last week's slide.
Source: Fool.com
Hello Group Inc. ADR Stock
Currently there is a rather positive sentiment for Hello Group Inc. ADR with 5 Buy predictions and 1 Sell predictions.
With a target price of 20 € there is potential for a 257.14% increase which would mean more than doubling the current price of 5.6 € for Hello Group Inc. ADR.
