At the time of writing, Hello Group Inc ADR [MOMO] stock is trading at $7.86, up 1.68%. An important factor to consider is whether the stock is rising or falling in short-term value. The MOMO shares have gain 3.29% over the last week, with a monthly amount glided 23.20%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Hello Group Inc ADR [NASDAQ: MOMO] stock has seen the most recent analyst activity on June 03, 2024, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $6 from $13. Previously, Morgan Stanley downgraded its rating to Underweight on May 15, 2024. On April 28, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $12.50 on the stock. JP Morgan upgraded its rating to a Overweight and increased its price target to $13 on April 14, 2023. Morgan Stanley downgraded its rating to a Equal-Weight and raised its price target to $12 on February 16, 2023. Morgan Stanley upgraded its rating to Overweight for this stock on December 09, 2022, and upped its price target to $9. In a note dated March 14, 2022, JP Morgan downgraded an Neutral rating on this stock but restated the target price of $7.
For the past year, the stock price of Hello Group Inc ADR fluctuated between $4.79 and $8.19. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Hello Group Inc ADR [NASDAQ: MOMO] shares were valued at $7.86 at the most recent close of the market. An investor can expect a potential drop of -23.66% based on the average MOMO price forecast.
Analyzing the MOMO fundamentals
According to Hello Group Inc ADR [NASDAQ:MOMO], the company’s sales were 1.56B for trailing twelve months, which represents an -16.86% plunge. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.12 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.34.
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 7.77 points at the first support level, and at 7.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.95, and for the 2nd resistance point, it is at 8.04.
Ratios To Look Out For
It is important to note that Hello Group Inc ADR [NASDAQ:MOMO] has a current ratio of 2.55. On the other hand, the Quick Ratio is 2.55, and the Cash Ratio is 1.73. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 0.93 and price to earnings (TTM) ratio is 7.91.
Transactions by insiders
Recent insider trading involved LI WANG, Officer, that happened on Sep 26 ’24 when 0.23 million shares were purchased. Officer, LI WANG completed a deal on Sep 25 ’24 to buy 0.13 million shares. Meanwhile, Director Wang Li bought 0.34 million shares on Sep 13 ’24.
