Hello Group Inc. (NASDAQ: MOMO)’s stock price has decreased by -5.45 compared to its previous closing price of 8.71. Despite this, the company has seen a loss of -4.91% in its stock price over the last five trading days.
Is It Worth Investing in Hello Group Inc. (NASDAQ: MOMO) Right Now?
while the 36-month beta value is 0.91.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Hello Group Inc. (MOMO) is $70.26, which is $2.13 above the current market price. The public float for MOMO is 144.04M, and currently, short sellers hold a 3.13% ratio of that floaft. The average trading volume of MOMO on March 15, 2023 was 1.87M shares.
MOMO’s Market Performance
The stock of Hello Group Inc. (MOMO) has seen a -4.91% decrease in the past week, with a -21.12% drop in the past month, and a 2.68% gain in the past quarter. The volatility ratio for the week is 3.61%, and the volatility levels for the past 30 days are at 3.45% for MOMO. The simple moving average for the last 20 days is -9.59% for MOMO stock, with a simple moving average of 27.32% for the last 200 days.
Analysts’ Opinion of MOMO
Many brokerage firms have already submitted their reports for MOMO stocks, with Morgan Stanley repeating the rating for MOMO by listing it as a “Equal-Weight.” The predicted price for MOMO in the upcoming period, according to Morgan Stanley is $12 based on the research report published on February 16th of the current year 2023.
Morgan Stanley, on the other hand, stated in their research note that they expect to see MOMO reach a price target of $9, previously predicting the price at $5. The rating they have provided for MOMO stocks is “Overweight” according to the report published on December 09th, 2022.
JP Morgan gave a rating of “Neutral” to MOMO, setting the target price at $7 in the report published on March 14th of the previous year.
MOMO Trading at -16.11% from the 50-Day Moving Average
After a stumble in the market that brought MOMO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.64% of loss for the given period.
Volatility was left at 3.45%, however, over the last 30 days, the volatility rate increased by 3.61%, as shares sank -18.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.02% lower at present.
During the last 5 trading sessions, MOMO fell by -3.58%, which changed the moving average for the period of 200-days by +55.20% in comparison to the 20-day moving average, which settled at $9.01. In addition, Hello Group Inc. saw -8.30% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MOMO
Current profitability levels for the company are sitting at:
- +12.57 for the present operating margin
- +41.80 for the gross margin
The net margin for Hello Group Inc. stands at -19.99. Equity return is now at value -30.30, with -18.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.73.
Conclusion
In a nutshell, Hello Group Inc. (MOMO) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
