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Momo Inc. (MOMO) operates as a mobile-based social networking platform in the Peoples Republic of China.
The companys platform includes its Momo mobile application and various related features, functionalities, tools, and services that are provided to users, customers, and platform partners.
Its Momo mobile application enables users to establish and expand their social relationships based on locations and interests. The Momo mobile application, which is available on android, iPhone operating system (iOS) and Windows platforms, enables users to establish social relationships based on locations and interests. Momo offers a personal way for users to discover people nearby, and the Company facilitates the connecting, communicating, interacting, and content sharing with others.
The company also offers games, which are designed with various themes, cultural characteristics, and features to appeal to various segments of the game player community; paid emoticons and mobile marketing services; and live music and entertainment broadcasting services.
Shares are heading higher in an upward "trading channel." The formation is supported by the stock's 50-day moving average, shown in green. Higher share prices are expected from present levels! The firm reports its results tomorrow!
52-weeks Trading Range: $6.72 - $27.00
Entry Point: $24.70
Stop Loss: $23.20
Target Price: $27.10
MOMO closed at $20.00
