Hello Group Inc ADR (NASDAQ:MOMO) shares, rose in value on Friday, March 07, with the stock price up by 0.26% to the previous day’s close as strong demand from buyers drove the stock to $7.65.
Actively observing the price movement in the last trading, the stock closed the session at $7.63. The PE ratio was 7.99 over 12-month period. Referring to stock’s 52-week performance, its high was $8.38, and the low was $4.79. On the whole, MOMO has fluctuated by 7.44% over the past month.
With the market capitalization of Hello Group Inc ADR currently standing at about $1.01 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.00, with its dividend yield at 0.00%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 10.51B, with a low estimate of 2.59B and a high estimate of 2.62B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.6B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MOMO’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of MOMO currently trading nearly -0.39% and 3.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.69, while the 7-day volatility ratio is showing 3.05% which for the 30-day chart, stands at 3.73%. Furthermore, Hello Group Inc ADR (MOMO)’s beta value is 0.25, and its average true range (ATR) is 0.28.
A comparison of Hello Group Inc ADR (MOMO) with its peers suggests the former has fared considerably weaker in the market. MOMO showed an intraday change of 0.26% in last session, and over the past year, it grew by 25.68%%.
Data on historical trading for Hello Group Inc ADR (NASDAQ:MOMO) indicates that the trading volumes over the past 3 months, they’ve averaged 1.07 million. According to company’s latest data on outstanding shares, there are 131.93 million shares outstanding.
Nearly 0.08% of Hello Group Inc ADR’s shares belong to company insiders and institutional investors own 74.20% of the company’s shares. The stock has fallen by -0.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MOMO stock heading into the next quarter.
