Hello Group Inc ADR (NASDAQ: MOMO) is -11.80% lower on its value in year-to-date trading and has touched a low of $4.79 and a high of $8.38 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MOMO stock was last observed hovering at around $7.42 in the last trading session, with the day’s loss setting it -0.62%.
Currently trading at $6.80, the stock is -10.85% and -7.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.67 million and changing -8.36% at the moment leaves the stock -0.57% off its SMA200. MOMO registered 9.27% gain for a year compared to 6-month gain of 7.59%.
The stock witnessed a -10.53% loss in the last 1 month and extending the period to 3 months gives it a 0.44%, and is -10.41% 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 3.93% over the week and 4.01% over the month.
Hello Group Inc ADR (MOMO) has around 1382 employees, a market worth around $897.12M and $1.52B in sales. Current P/E ratio is 7.10 and Fwd P/E is 6.59. Profit margin for the company is 11.93%. Distance from 52-week low is 41.96% and -18.85% from its 52-week high. The company has generated returns on investments over the last 12 months (11.09%).
with sales reaching $2.44B over the same period.The EPS is expected to grow by 149.02% this year, but quarterly earnings will post -4.78% year-over-year. Quarterly sales are estimated to shrink -4.66% in year-over-year returns.
The shares outstanding are 131.93M, and float is at 131.83M with Short Float at 2.98%.
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 INVESCO LTD. which holds 6.66 million shares representing 3.5577 and valued at over $40.79 million, while VANGUARD GROUP INC holds 2.9365 of the shares totaling 5.5 million with a market value of $33.66 million.
Hello Group Inc ADR (MOMO) Insider Activity
Still, SEC filings show that on Sep 13 ’24, Wang Li (Director) Proposed Sale 343,160 shares at an average price of $6.29 for $2.16 million. The insider now directly holds shares of Hello Group Inc ADR (MOMO).
