4 Signs Momo's High Growth Days are Over
Shares of Momo (NASDAQ: MOMO) have fallen nearly 30% over the past three months, mainly due to a third-quarter earnings report in August that indicated that the company's breakneck growth was slowing down. Nonetheless, shares of the Chinese social networking company remain up 70% for the year.
But looking ahead, I believe that Momo's stock could fall further, since four clear signs indicate that its high-growth days are over.
Momo's revenue surged 215% annually to $312 million last quarter. That figure seems impressive, until we notice that it's actually Momo's slowest growth rate in five quarters. It also marks a 15% decline from the first quarter.
Source: Fool.com
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