Hello Group Inc. (NASDAQ: MOMO) is 0.59% higher on its value in year-to-date trading and has touched a low of $3.74 and a high of $10.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MOMO stock was last observed hovering at around $8.58 in the last trading session, with the day’s loss setting it -0.33% off its average median price target of $66.25 for the next 12 months. It is also 94.31% off the consensus price target high of $144.93 offered by 15 analysts, but current levels are 84.06% higher than the price target low of $51.76 for the same period.
Currently trading at $8.25, the stock is -2.31% and 2.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing -3.85% at the moment leaves the stock 21.91% off its SMA200. MOMO registered 105.29% gain for a year compared to 6-month gain of 78.16%. The firm has a 50-day simple moving average (SMA 50) of $0.04 and a 200-day simple moving average (SMA200) of $0.25.
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The stock witnessed a 8.70% loss in the last 1 month and extending the period to 3 months gives it a 1.26%, and is -3.17% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.02% over the week and 5.12% over the month.
Hello Group Inc. (MOMO) has around 1705 employees, a market worth around $1.60B and $1.81B in sales. Current P/E ratio is 8.17 and Fwd P/E is 5.54. Profit margin for the company is 11.70%. Distance from 52-week low is 120.58% and -21.73% from its 52-week high. The company has generated returns on investments over the last 12 months (7.90%).
Hello Group Inc. (MOMO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Hello Group Inc. (MOMO) is a “Overweight”. 15 analysts offering their recommendations for the stock have an average rating of 2.20, where 6 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Hello Group Inc. is expected to release its quarterly report on 08/24/2023.The EPS is expected to grow by 148.60% this year
Hello Group Inc. (MOMO) Top Institutional Holders
The shares outstanding are 188.85M, and float is at 140.21M with Short Float at 2.66%.
Hello Group Inc. (MOMO): Who are the competitors?
The company’s main competitors (and peers) include Akamai Technologies Inc. (AKAM) that is trading -10.55% down over the past 12 months and VeriSign Inc. (VRSN) that is 34.35% higher over the same period. Wix.com Ltd. (WIX) is 23.91% up on the 1-year trading charts.