At the last check on Thursday, Hello Group Inc.’s (NASDAQ:MOMO) stock was down -$0.97, moving down -10.23 percent to $8.56. The average number of shares traded per day over the past five days has been 1,748,522 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.79 fall in that time frame. In the last twenty days, the average volume was 1,212,485, while in the previous 50 days, it was 1,125,396.
Since last month, MOMO stock retreated -17.34%. Shares of the company fell to $8.45 on 08/31/23, the lowest level in the past month. A 52-week high of $11.12 was reached on 01/26/23 after having rallying from a 52-week low of $3.74. Since the beginning of this year, MOMO’s stock price has risen by 4.30% or -$0.47, and marked a new high 8 times. However, the stock has declined by -23.07% since its 52-week high.
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Valuation Metrics
Right now, Hello Group Inc. (MOMO) has a P/E ratio of about 8.20. The stock’s beta is 0.95. Besides these, the trailing price-to-sales (P/S) ratio of 0.98, the price-to-book (PB) ratio of 1.12, and the price-to-cash flow ratio of 10.73 may also be considered.
The latest dividend of $0.70 per share was paid out, which is 12.9% more than last year’s $0.62.
Financial Health
In the three months ended March 30, Hello Group Inc.’s quick ratio stood at 2.20, while its current ratio was 2.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 41.30% percent. In the year ended March 30, EBITDA margin amounted to 13.53%, whereas operating margins totaled 13.80%. Based on annual data, MOMO earned $765.93 million in gross profit and brought in $1.84 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.90%. Return on equity (ROE) for the past 12 months was 15.00%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MOMO’s revenue fell -0.67% during the quarter, while net income inched up to $2.29 billion. While analysts expected Hello Group Inc. to report $0.27 quarterly earnings, the actual figure was $0.33 per share, beating the consensus estimate by 22.20%. During the quarter, the company generated $67.02 million in EBITDA. The liabilities of Hello Group Inc. were 835.62 million at the end of its most recent quarter ended March 30, and its total debt was $2.74 billion.
Technical Picture
This quick technical analysis looks at Hello Group Inc.’s (MOMO) price momentum. With a historical volatility rate of 66.13%, the RSI 9-day stood at 28.18% on 30 August.
With respect to its five-day moving average, the current Hello Group Inc. price is down by -8.49% percent or -$0.79. At present, MOMO shares trade -19.18% below its 20-day simple moving average and -1.96% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.17% below its SMA50 and +52.51% above its SMA200.
Stochastic coefficient K was 31.40% and Stochastic coefficient D was 32.00%, while ATR was 0.45. Given the Stochastic reading of 3.51% for the 14-day period, the RSI (14) reading has been calculated as 32.34%. As of today, the MACD Oscillator reading stands at -0.01, while the 14-day reading stands at -0.24.
