Hello Group Inc ADR (NASDAQ: MOMO) is -3.12% lower on its value in year-to-date trading and has touched a low of $4.58 and a high of $8.01 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 $7.06 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $7.14, the stock is -1.41% and 1.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.43 million and changing 1.13% at the moment leaves the stock 8.70% off its SMA200. MOMO registered 6.88% gain for a year compared to 6-month gain of 18.75%. The firm has a 50-day simple moving average (SMA 50) of $7.3536 and a 200-day simple moving average (SMA200) of $6.866725.
The stock witnessed a -4.60% loss in the last 1 month and extending the period to 3 months gives it a -2.99%, and is 2.18% up 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 5.11% over the week and 4.03% over the month.
Hello Group Inc ADR (MOMO) has around 1382 employees, a market worth around $941.98M and $1.47B in sales. Current P/E ratio is 9.10 and Fwd P/E is 7.28. Profit margin for the company is 9.84%. Distance from 52-week low is 55.94% and -10.86% from its 52-week high. The company has generated returns on investments over the last 12 months (9.13%).
The EPS is expected to grow by 134.37% this year.
Hello Group Inc ADR (MOMO) Top Institutional Holders
198.0 institutions hold shares in Hello Group Inc ADR (MOMO), with institutional investors hold 77.82% of the company’s shares. The shares outstanding are 131.93M, and float is at 131.83M with Short Float at 2.98%. Institutions hold 77.82% of the Float.
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
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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).
