A Peek At What Hello Group Inc. (MOMO) Insiders Are Doing

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SNOW Stock
SNOW Stock

Hello Group Inc. (NASDAQ:MOMO) saw an upside of 0.68% to close Tuesday at $10.35 after adding $0.07 on the day. The 5-day average trading volume is 1,939,420 shares of the company’s common stock. It has gained $10.53 in the past week and touched a new high 2 times within the past 5 days. An average of 2,182,665 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,693,678.

MOMO’s 1-month performance is 16.03% or $1.99 on its low of $8.05 reached on 12/27/22. The company’s shares have touched a 52-week low of $3.96 and high of $10.97, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, MOMO has achieved 15.26% or $1.37 and has reached a new high 7 times. However, the current price is down -5.65% from the 52-week high price.

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Valuation Metrics

MOMO stock has a beta of 0.80. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.00 while the price-to-book (PB) in the most recent quarter is 1.29, with the price to cash flow ratio at 10.42.

Hello Group Inc.’s quick ratio for the period ended September 29 was 2.20, with the current ratio over the same period at 2.20.. In terms of profitability, the gross margin trailing 12 months is 41.50%. The firm’s gross profit as reported stood at $971.71 million against revenue of $2.29 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 170.5% to -$457.23 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected MOMO to announce $0.31 per share in earnings in its latest quarter, but it posted $0.38, representing a 22.60% surprise. EBITDA for the quarter stood at more than $76.59 million. MOMO stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 687.62 million, with total debt at $2.87 billion.

Let’s look briefly at Hello Group Inc. (MOMO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 62.84% to suggest the stock is trending Neutral, with historical volatility in this time period at 58.87%.

The stock’s 5-day moving average is $10.17, reflecting a +1.27% or $0.13 change from its current price. MOMO is currently trading +20.77% above its 20-day SMA, +113.40% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +116.53% and SMA200 by+70.51%.

Stochastic %K and %D was 65.53% and 65.15% and the average true range (ATR) pointed at 0.57. The RSI (14) points at 64.03%, while the 14-day stochastic is at 65.36% with the period’s ATR at 0.60. The stock’s 9-day MACD Oscillator is pointing at 0.04 and 0.18 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Hello Group Inc. (NASDAQ: MOMO), Morgan Stanley upgraded it to an Overweight rating. They previously had an Equal-weight rating on the stock. Analysts offering their rating for MOMO stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate MOMO as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 9 have offered a “buy” rating.

What is MOMO’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $48.82 and a high of $139.47, with their median price target at $62.54. Looking at these predictions, the average price target given by analysts is for Hello Group Inc. (MOMO) stock is $70.56.

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