The stock of Hello Group Inc. (NASDAQ:MOMO) decreased by decreased by -$0.14 on Friday to finish at $13.31, down -1.04 percent. The last five days have seen an average of 2,945,140 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$0.65. The average number of shares traded over the last 20 days was 2,611,055, while the average volume over the last 50 days totaled 2,721,146.
MOMO stock appreciated 18.95% since last month. On 10/06/21, the company’s shares reached a one-month low of $10.05. The stock touched a high of $20.14 on 02/16/21, after rallying from a low of $10.05 in 52 weeks. The price of MOMO stock has declined by -0.63% or -$0.65 this year, reaching a new high 12 times. Still, the stock price is down -33.91% from the 52-week high.
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Hello Group Inc. (MOMO) has a trailing price-to-earnings (P/E) ratio of 9.41. This level actually compares favorably with the industry at large, as the PE for the Internet Content & Information industry stands at about 33.17. Further, its PE also compares favorably with the Communication Services sector’s trailing 12 months PE ratio, which comes in at 30.57 right now. The PE ratio of Hello Group Inc. has varied between 73.91 and 7.186 in the last five years. Beta for the stock is 1.67. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.20, the price-to-book (PB) ratio of 1.16, and the price-to-cash flow ratio of 8.94.
Company paid $0.62 per share in dividends, a decrease of -18.42% from $0.76 last year.
For the three months ended June 29, Hello Group Inc.’s quick ratio was 4.50, while its current ratio was 4.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.31, and the total debt to equity ratio is 0.31. As far as profitability goes, gross margin for the trailing twelve months is 45.10% percent. Hello Group Inc.’s EBITDA margin for the year ended June 29 was 17.76%, whereas its operating margin stood at 15.60% for the same period. Based on annual data, it had gross profit of $1.08 billion and revenue of $2.3 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MOMO’s return on assets (ROA) during the last 12 months has been 8.80%. There was a 9.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 13.90%. ROE has averaged 7.41 in the past year for the broader industry.
According to Hello Group Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.3 billion, while revenues fell by -6.15% to $0.0. It was predicted that Hello Group Inc.’s quarterly earnings would be $0.39, but it ended up being $0.34, beating the consensus by 14.70%. EBITDA was $118.28 million for the quarter. At the end of Hello Group Inc.’s most recent quarter ended June 29, its liabilities totaled 1.14 billion, while its total debt was $4.94 billion.
Here’s a quick look at Hello Group Inc.’s (MOMO) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 77.63%, suggesting the stock is Overbought, with a 8.54% historical volatility rate.
The stochastic %K and %D were 95.84% and 96.92% respectively, while the average true range (ATR) was 0.46. Based on the 14-day stochastic reading of 90.06%, the RSI (14) reading is 69.27%. On the 9-day MACD Oscillator, the stock is at 0.58, and the 14-day reading is at 1.21.
In its most recent analyst report, Morgan Stanley raised its rating on Hello Group Inc. (NASDAQ: MOMO) to an Equal-weight. Prior to this, analysts firm rated the stock as an Underweight. Analysts have assigned Hello Group Inc. (MOMO) an Overweight rating. MOMO is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 12 others recommend it as a buy.
What is MOMO’s price target for the next 12 months?
The current consensus forecast for the stock is between $83.64 and $188.04, with a median target price of $102.74. In analyzing these forecasts, the average price target given by analysts for Hello Group Inc. (MOMO) is $108.64.