The stock of Hello Group Inc. (NASDAQ:MOMO) decreased by -$0.06 on Tuesday to finish at $7.09, down -0.84 percent. The last five days have seen an average of 2,055,480 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$1.89. The average number of shares traded over the last 20 days was 1,660,515, while the average volume over the last 50 days totaled 1,343,270.
MOMO stock dropped -25.13% since last month. On 09/13/23, the company’s shares reached a one-month low of $6.74. The stock touched a high of $11.12 on 01/26/23, after rallying from a low of $3.74 in 52 weeks. The price of MOMO stock has declined by -13.56% or -$1.89 this year, reaching a new high 8 times. Still, the stock price is down -36.24% from the 52-week high.
Valuation Metrics
Hello Group Inc. (MOMO) has a trailing price-to-earnings (P/E) ratio of 5.88. Beta for the stock is 0.98. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.79, the price-to-book (PB) ratio of 0.87, and the price-to-cash flow ratio of 5.33.
Company paid $0.70 per share in dividends, an increase of 12.9% from $0.62 last year.
Financial Health
For the three months ended June 29, Hello Group Inc.’s quick ratio was 2.60, while its current ratio was 2.60, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 41.30% percent. Hello Group Inc.’s EBITDA margin for the year ended June 29 was 13.53%, whereas its operating margin stood at 16.20% for the same period. Based on annual data, it had gross profit of $765.93 million and revenue of $1.84 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 11.40%. There was a 7.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 16.80%.
Earnings Surprise
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 $2.29 billion, while revenues fell by -0.67% to $0.0. It was predicted that Hello Group Inc.’s quarterly earnings would be $0.43, but it ended up being $0.35, beating the consensus by 22.90%. EBITDA was $91.54 million for the quarter. At the end of Hello Group Inc.’s most recent quarter ended June 29, its liabilities totaled 633.73 million, while its total debt was $2.5 billion.
Technical Picture
Here’s a quick look at Hello Group Inc.’s (MOMO) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 13.97%, suggesting the stock is oversold, with a 57.06% historical volatility rate.
The stochastic %K and %D were 13.58% and 14.85% respectively, while the average true range (ATR) was 0.31. Based on the 14-day stochastic reading of 12.26%, the RSI (14) reading is 20.45%. On the 9-day MACD Oscillator, the stock is at -0.22, and the 14-day reading is at -0.66.
Analyst Ratings
In its most recent analyst report, UBS raised its rating on Hello Group Inc. (NASDAQ: MOMO) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Hello Group Inc. (MOMO) an Overweight rating. MOMO is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 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 $62.46 and $160.38, with a median target price of $72.54. In analyzing these forecasts, the average price target given by analysts for Hello Group Inc. (MOMO) is $82.69.
