Hello Group Inc ADR (NASDAQ:MOMO) price on Friday, February 28, fall -3.91% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.37.
A look at the stock’s price movement, the close in the last trading session was $7.67. The PE ratio in trailing twelve months stood at 7.70. Turning to its 52-week performance, $8.38 and $4.79 were the 52-week high and 52-week low respectively. Overall, MOMO moved 2.79% over the past month.
Hello Group Inc ADR’s market cap currently stands at around $972.32 million, with investors looking forward to this quarter’s earnings report slated for in April. The company has a Forward Dividend ratio of 0.00, with its dividend yield at 0.00%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 2.6B for the company’s revenue for the quarter, with a low and high estimate of 2.59B and 2.62B respectively. The average forecast suggests down to a -13.25% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 10.51B, representing a -12.40% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MOMO is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 6 analyst(s) rate the stock as a Hold, 3 recommend MOMO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MOMO’s current price about -3.21% and -0.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.10, while 7-day volatility ratio is 3.56% and 4.01% in the 30-day chart. Further, Hello Group Inc ADR (MOMO) has a beta value of 0.42, and an average true range (ATR) of 0.30. Analysts have given the company’s stock an average 52-week price target of $6, forecast between a low of $6 and high of $6. Looking at the price targets, the low is 18.59% off current price level while to achieve the yearly target high, price needs to move 18.59%. Nonetheless, investors will most likely welcome a 18.59% jump to $6 which is the analysts’ median price.
If we refocus on Hello Group Inc ADR (NASDAQ:MOMO), historical trading data shows that trading volumes averaged 1.09 million over the past 3 months. The company’s latest data on shares outstanding shows there are 131.93 million shares.
The 0.08% of Hello Group Inc ADR’s shares are in the hands of company insiders while institutional holders own 74.20% of the company’s shares. Current price change has pushed the stock -4.41% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MOMO stock continues to rise going into the next quarter.
