Hello Group Inc ADR (NASDAQ: MOMO) is -24.96% 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 $5.54 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $5.53, the stock is -12.53% and -19.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing -0.18% at the moment leaves the stock -16.70% off its SMA200. MOMO registered 2.24% gain for a year compared to 6-month loss of -24.57%. The firm has a 50-day simple moving average (SMA 50) of $7.0444 and a 200-day simple moving average (SMA200) of $6.914475.
The stock witnessed a -14.92% gain in the last 1 month and extending the period to 3 months gives it a -16.16%, and is -9.49% 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 5.36% over the week and 3.60% over the month.
Current P/E ratio is 7.05 and Fwd P/E is 5.37. Profit margin for the company is 9.84%. Distance from 52-week low is 20.78% and -30.96% from its 52-week high. The company has generated returns on investments over the last 12 months (9.13%).
with sales reaching $2.42B over the same period.The EPS is expected to grow by 154.49% this year, but quarterly earnings will post -3.72% year-over-year. Quarterly sales are estimated to shrink -5.30% in year-over-year returns.
193.0 institutions hold shares in Hello Group Inc ADR (MOMO), with institutional investors hold 77.52% of the company’s shares. The shares outstanding are 131.93M, and float is at 131.83M with Short Float at 2.63%. Institutions hold 77.52% of the Float.
The top institutional shareholder in the company is GOLDMAN SACHS GROUP INC with over 8.18 million shares valued at $50.03 million. The investor’s holdings represent 4.3642 of the MOMO Shares outstanding. As of 2024-06-30, the second largest holder is INVESCO LTD. with 6.66 million shares valued at $40.79 million to account for 3.5577 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.5 million shares representing 2.9365 and valued at over $33.66 million, while RENAISSANCE TECHNOLOGIES LLC holds 2.3904 of the shares totaling 8.66 million with a market value of $53.02 million.
Hello Group Inc ADR (MOMO) Insider Activity
Still, SEC filings show that on Sep 26 ’24, LI WANG (Officer) Proposed Sale 226,013 shares at an average price of $7.14 for $1.61 million. The insider now directly holds shares of Hello Group Inc ADR (MOMO).
