Hello Group Inc ADR (NASDAQ: MOMO) is 16.16% higher on its value in year-to-date trading and has touched a low of $5.05 and a high of $8.43 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 $8.27 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $8.47, the stock is 23.18% and 37.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.04 million and changing 2.42% at the moment leaves the stock 29.30% off its SMA200. MOMO registered 59.93% gain for a year compared to 6-month loss of 16.31%.
The stock witnessed a 36.61% gain in the last 1 month and extending the period to 3 months gives it a 25.43%, and is 5.09% 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 1.82% over the week and 3.37% over the month.
Hello Group Inc ADR (MOMO) has around 1390 employees, a market worth around $1.02B and $1.46B in sales. Current P/E ratio is 7.96 and Fwd P/E is 7.83. Profit margin for the company is 13.23%. Distance from 52-week low is 67.87% and 0.47% from its 52-week high. The company has generated returns on investments over the last 12 months (12.31%).
The EPS is expected to grow by 169.69% this year.
Hello Group Inc ADR (MOMO) Top Institutional Holders
The shares outstanding are 120.49M, and float is at 120.40M with Short Float at 2.43%.
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 2.3904% 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 2.2559 of the shares outstanding. The other top investors are ACADIAN ASSET MANAGEMENT LLC which holds 7.21 million shares representing 1.989% and valued at over $44.08 million, while INVESCO LTD. holds 1.839 of the shares totaling 6.66 million with a market value of $40.79 million.
Hello Group Inc ADR (MOMO) Insider Activity
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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).
