At the time of writing, Hello Group Inc ADR [MOMO] stock is trading at $6.64, up 2.15%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MOMO shares have gain 6.58% over the last week, with a monthly amount glided 10.48%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Hello Group to Report Fourth Quarter and Fiscal Year 2023 Results on March 14, 2024. In a post published today on Yahoo Finance, Hello Group Inc. (NASDAQ: MOMO) (the “Company”), a leading mobile social and entertainment platform in China, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023 before U.S. markets open on Thursday, March 14, 2024.
From an analyst’s perspective:
Hello Group Inc ADR [NASDAQ: MOMO] stock has seen the most recent analyst activity on April 28, 2023, when UBS upgraded its rating to a Buy and also boosted its price target to $12.50 from $4.80. Previously, JP Morgan upgraded its rating to Overweight on April 14, 2023, and elevated its price target to $13. On February 16, 2023, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $12 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $9 on December 09, 2022. JP Morgan downgraded its rating to a Neutral but $7 remained the price target by the analyst firm on March 14, 2022. Citigroup downgraded its rating to Neutral for this stock on December 01, 2021, and downed its price target to $13.60. In a note dated September 20, 2021, Morgan Stanley upgraded an Equal-Weight rating on this stock but restated the target price of $13.
For the past year, the stock price of Hello Group Inc ADR fluctuated between $5.74 and $11.12. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Hello Group Inc ADR [NASDAQ: MOMO] shares were valued at $6.64 at the most recent close of the market. An investor can expect a potential return of 35.54% based on the average MOMO price forecast.
Analyzing the MOMO fundamentals
According to Hello Group Inc ADR [NASDAQ:MOMO], the company’s sales were 1.73B for trailing twelve months, which represents an -10.99% plunge. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.52 points at the first support level, and at 6.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.75, and for the 2nd resistance point, it is at 6.85.
Hello Group Inc ADR [MOMO] reported earnings per share of $0.42 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.35/share, meaning a difference of $0.07 and a surprise factor of 20.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.44 per share as compared to estimates of $0.36 per share, a difference of $0.08 representing a surprise of 22.20%.
Ratios To Look Out For
It is important to note that Hello Group Inc ADR [NASDAQ:MOMO] has a current ratio of 3.72. As well, the Quick Ratio is 3.72, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.57, the price to book ratio is 0.79 and price to earnings (TTM) ratio is 5.00.
