Hello Group Inc ADR (MOMO) concluded trading on Wednesday at a closing price of $7.78, with 3.13 million shares of worth about $24.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 37.94% during that period and on October 02, 2024 the price saw a loss of about -1.02%. Currently the company’s common shares owned by public are about 147.36M shares, out of which, 136.04M shares are available for trading.
Stock saw a price change of 11.94% in past 5 days and over the past one month there was a price change of 21.75%. Year-to-date (YTD), MOMO shares are showing a performance of 22.85% which increased to 19.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.79 but also hit the highest price of $7.88 during that period. The average intraday trading volume for Hello Group Inc ADR shares is 1.37 million. The stock is currently trading 16.69% above its 20-day simple moving average (SMA20), while that difference is up 16.14% for SMA50 and it goes to 27.78% higher than SMA200.
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Hello Group Inc ADR (NASDAQ: MOMO) currently have 147.36M outstanding shares and institutions hold larger chunk of about 70.33% of that.
The stock has a current market capitalization of $1.06B and its 3Y-monthly beta is at 0.52. PE ratio of stock for trailing 12 months is 7.83, while it has posted earnings per share of $0.99 in the same period. It has Quick Ratio of 2.55 while making debt-to-equity ratio of 0.34. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MOMO, volatility over the week remained 6.07% while standing at 3.70% over the month.
Stock’s fiscal year EPS is expected to drop by -43.42% while it is estimated to increase by 37.49% in next year. EPS is likely to shrink at an annualized rate of -9.09% for next 5-years, compared to annual growth of -8.04% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on June 03, 2024 offering a Neutral rating for the stock and assigned a target price range of between $13 and $6 to it. On April 28, 2023, UBS Upgrade their recommendations, while on April 14, 2023, JP Morgan Upgrade their ratings for the stock with a price target of $13. Stock get an Equal-weight rating from Morgan Stanley on February 16, 2023.
