THE MOTLEY FOOL - May 8 - After climbing ~30% in March, shares of Momo grew another nearly 12% in April. The Chinese company has been pivoting over the past year from a dating app to a social-media platform, and it seems to be working. Momo shares are not cheap following their huge rise in the past year, trading now at ~50 times earnings. However, as the company continues to grow at astronomical rates, the stock is trading at just 20 times expected next year's earnings. If the company can keep up this growth for a few years, its stock is likely to continue climbing much higher as well.
by Seth McNew
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