Hello Group Inc ADR (NASDAQ: MOMO) is 1.38% higher on its value in year-to-date trading and has touched a low of $4.79 and a high of $7.70 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 $6.20 in the last trading session, with the day’s gains setting it 0.22%.
Currently trading at $6.42, the stock is -4.58% and -2.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 3.55% at the moment leaves the stock 6.25% off its SMA200. MOMO registered -12.91% loss for a year compared to 6-month gain of 2.71%.
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The stock witnessed a -5.31% loss in the last 1 month and extending the period to 3 months gives it a 17.58%, and is -2.87% 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 4.74% over the week and 3.41% over the month.
Hello Group Inc ADR (MOMO) has around 1382 employees, a market worth around $874.02M and $1.56B in sales. Current P/E ratio is 6.46 and Fwd P/E is 5.64. Profit margin for the company is 12.39%. Distance from 52-week low is 34.03% and -16.62% from its 52-week high. The company has generated returns on investments over the last 12 months (10.44%).
The EPS is expected to shrink by -40.55% this year
The shares outstanding are 147.36M, and float is at 136.04M with Short Float at 2.91%.
The top institutional shareholder in the company is RENAISSANCE TECHNOLOGIES LLC with over 8.66 million shares valued at $53.02 million. The investor’s holdings represent 4.6244 of the MOMO Shares outstanding. As of 2024-06-30, the second largest holder is GOLDMAN SACHS GROUP INC with 8.18 million shares valued at $50.03 million to account for 4.3642 of the shares outstanding. The other top investors are ACADIAN ASSET MANAGEMENT LLC which holds 7.21 million shares representing 3.8478 and valued at over $44.08 million, while INVESCO LTD. holds 3.5577 of the shares totaling 6.66 million with a market value of $40.79 million.
