Solid Stocks For Income Investors: Momo Inc. (MOMO) and ServiceNow Inc. (NOW)

The recent price movement of MOMO means that it is now down by -19.08% from its 52-week high and 46.97% up against its 52-week low prices. Over the past one week, the price volatility of MOMO stands at 2.86% while the volatility over the past one month is 3.85%. The beta score for this stock is 2.22. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 08/27/2019 published its latest quarterly earnings, with the report showing that the company recorded 0.51 earnings per share (EPS) during that period. This report was above the expectations of analysts of 0.5 by 0.01. The revenue by the firm was 605.44M for the quarter.

The shares of Momo Inc. (MOMO) dropped by -4.39%, leading to a loss of -$1.52 per share, and saw MOMO end the trading session at $33.07 on Friday 10/18/19. MOMO started the trading session at $34.57, before reaching a daily high of $34.69. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $33.00.

The trading volume on Friday stood at 2153341, which was below the stock’s 3-month average volume of 2.49 million shares, out of a total 56.94M shares. As the price of the stock dipped, the market valuation of the company dropped to 7.18 billion.

The shares of ServiceNow Inc. (NYSE: NOW) went down by -4.45% by the end of the recent trading session. This movement saw its price plunge to close at $243.00, which was lower than the previous closing price of $254.31. Over the past one week, the price of NOW has slipped by -10.11%, while it has recorded a loss of -9.58% over the past one month. Its three-month performance saw NOW lose -17.29% while its six-month performance saw it surge by 0.15%. The situation is different though over the past one year, as the stock price went up by 27.72%, while its year-to-date (YTD) price performance jumped by 36.48%. The stock price has gone up by +0.99% compared to its 90-day low, while it is down -18.78% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Sell. In the short-term, the stock has a 20-day average volume of 1,895,850 shares, with the short-term indicators averagely rating the stock as a 50% Sell. A look at its medium-term indicators reveals that it has a 50-Day average volume of 1,715,654 shares and the indicators have an average rating of 50% Sell. The last indicators, the long-term see NOW stock with a 100-Day average volume of 1,706,142 shares, giving it an average rating of 50% Sell. A look at the general picture of all short, medium and long-term indicators leaves NOW with an average rating of 56% Sell.

Several brokerage firms sent out their reports NOW stock not long ago. In its report sent out on October 16, 2019, Morgan Stanley lowered its ratings on NOW from a Overweight to a Equal-Weight. In an earlier report on October 03, 2019, SunTrust Initiated the stock to a Buy. RBC Capital Mkts meanwhile in its report on September 03, 2019 Resumed its rating of the stock to “Top Pick”.

In related news to the company’s stock, around 93.50% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 832 institutions currently hold the NOW stock. In the last quarter, a 177,956,358 NOW shares were in the possession of institutions. On the other hand, the company recorded 122 new institutions who bought it their stock, while 61 institutions sold their entire NOW reserve. Of the current institutions investing in the stock, 423 increased their investment while 321 decreased their investment in the stock.