Momo Inc (NASDAQ:MOMO) was a big mover last session, as the company saw its shares rise over 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $24.48–$27.94 in the past one-month time frame, witnessed a sharp increase yesterday.
MOMO has seen one negative estimate revision over the past two months. The Zacks Consensus Estimate for the current quarter has also revised downward over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
MOMO currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESPis 0.00%.
Momo Inc. Price and Consensus
A better ranked stock in the Software and Services industry is Sabre Corporation (NASDAQ:SABR) which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is MOMO going up? Or down? Predict to see what others think: Up or Down
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Momo Inc. (MOMO): Free Stock Analysis Report
Sabre Corporation (SABR): Free Stock Analysis Report
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