Hello Group Inc ADR (NASDAQ: MOMO)’s stock price has soared by 2.98 in relation to previous closing price of 6.20. Nevertheless, the company has seen a loss of -3.40% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-03 that Hello Group Inc. (NASDAQ:MOMO ) Q2 2024 Earnings Call Transcript September 3, 2024 8:00 AM ET Company Participants Ashley Jing – IR Zhang Sichuan – COO Peng Hui – CFO Tang Yan – CEO Conference Call Participants Xueqing Zhang – CICC Thomas Chong – Jefferies Operator Ladies and gentlemen, thank you for standing by and welcome to the Second Quarter 2024 Hello Group Incorporated Earnings Conference Call. All participants are in a listen-only mode.
Is It Worth Investing in Hello Group Inc ADR (NASDAQ: MOMO) Right Now?
Hello Group Inc ADR (NASDAQ: MOMO) has a higher price-to-earnings ratio of 6.43x compared to its average ratio, The 36-month beta value for MOMO is at 0.54. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 5 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for MOMO is 144.79M, and currently, shorts hold a 2.73% of that float. The average trading volume for MOMO on September 05, 2024 was 1.42M shares.
MOMO’s Market Performance
The stock of Hello Group Inc ADR (MOMO) has seen a -3.40% decrease in the past week, with a -5.83% drop in the past month, and a 16.94% gain in the past quarter. The volatility ratio for the week is 4.64%, and the volatility levels for the past 30 days are at 3.51% for MOMO. The simple moving average for the past 20 days is -5.10% for MOMO’s stock, with a 5.67% simple moving average for the past 200 days.
Analysts’ Opinion of MOMO
Many brokerage firms have already submitted their reports for MOMO stocks, with JP Morgan repeating the rating for MOMO by listing it as a “Neutral.” The predicted price for MOMO in the upcoming period, according to JP Morgan is $6 based on the research report published on June 03, 2024 of the current year 2024.
UBS gave a rating of “Buy” to MOMO, setting the target price at $12.50 in the report published on April 28th of the previous year.
MOMO Trading at -2.98% 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 -17.07% of loss for the given period.
Volatility was left at 3.51%, however, over the last 30 days, the volatility rate increased by 4.64%, as shares sank -5.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.80% upper at present.
During the last 5 trading sessions, MOMO fell by -3.48%, which changed the moving average for the period of 200-days by -9.63% in comparison to the 20-day moving average, which settled at $6.71. In addition, Hello Group Inc ADR saw 0.83% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MOMO
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.42 for the gross margin
The net margin for Hello Group Inc ADR stands at 0.13. The total capital return value is set at 0.17. Equity return is now at value 12.48, with 8.46 for asset returns.
Based on Hello Group Inc ADR (MOMO), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 30.85.
Currently, EBITDA for the company is 2.79 billion with net debt to EBITDA at -0.85. When we switch over and look at the enterprise to sales, we see a ratio of 0.49. The receivables turnover for the company is 61.95for trailing twelve months and the total asset turnover is 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.55.
Conclusion
In conclusion, Hello Group Inc ADR (MOMO) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
