Momo Inc (ADR)
MOMO
Delayed Nasdaq - 11/22 10:00:00 pm
32.11USD
-0.62%

Big comeback of buyers

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Anas Lozach
 

Strategy published on : 07/17/2017 | 15:15

long trade
Stop-loss triggered

Entry price : 41.5$
Target : 50$
Stop-loss : 36.9$
Potential : 20.48%

A strong break-out to the upside has recently been seen in Momo Inc (ADR). The current technical chart pattern could allow for a continuation of the upward dynamic.
Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Historically, the company has been releasing figures that are above expectations.

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.

● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

● The tendency within the weekly time frame is positive above the technical support level at 27 USD


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at USD 43.58.

● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.

● Based on current prices, the company has particularly high valuation levels.

● With an expected P/E ratio at 30.6 and 22.17 respectively for both the current and next fiscal years, the company operates with high earnings multiples.

Zonebourse.com 2017
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