Hello Group Inc ADR (NASDAQ: MOMO) has experienced a rise in its stock price by 1.57 compared to its previous closing price of 6.39. However, the company has seen a gain of 3.18% in its stock price over the last five trading days. businesswire.com reported 2024-09-17 that PARIS & SHANGHAI–(BUSINESS WIRE)–LOGI PLAY—Logitech G, a brand of Logitech (SIX: LOGN) (NASDAQ: LOGI) and leading innovator of gaming and sim racing technologies and gear, announced today at Logi Play, a multi-year partnership with MOMO that includes the introduction of two new premium wheels: the SIM GT 320 and SIM GT-Racer 290 designed to the exact specifications of the latest Logitech G RS Wheel Hub. MOMO, the iconic Italian motorsports brand, has produced hand-crafted racing equipment for.
Is It Worth Investing in Hello Group Inc ADR (NASDAQ: MOMO) Right Now?
The price-to-earnings ratio for Hello Group Inc ADR (NASDAQ: MOMO) is above average at 6.53x, Company’s 36-month beta value is 0.53.Analysts have differing opinions on the stock, with 10 analysts rating it as a “buy,” 5 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for MOMO is 136.04M, and currently, short sellers hold a 3.26% ratio of that floaft. The average trading volume of MOMO on September 19, 2024 was 1.37M shares.
MOMO’s Market Performance
MOMO’s stock has seen a 3.18% increase for the week, with a -4.69% drop in the past month and a 5.02% gain in the past quarter. The volatility ratio for the week is 2.49%, and the volatility levels for the past 30 days are at 3.19% for Hello Group Inc ADR The simple moving average for the past 20 days is 0.05% for MOMO’s stock, with a 7.31% 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 -2.02% 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 -8.07% of loss for the given period.
Volatility was left at 3.19%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares sank -5.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.59% lower at present.
During the last 5 trading sessions, MOMO rose by +3.26%, which changed the moving average for the period of 200-days by -0.84% in comparison to the 20-day moving average, which settled at $6.47. In addition, Hello Group Inc ADR saw 2.49% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MOMO starting from Wang Li, who proposed sale 343,160 shares at the price of $6.29 back on Sep 13 ’24. After this action, Wang Li now owns shares of Hello Group Inc ADR, valued at $2,158,476 using the latest closing price.
Stock Fundamentals for MOMO
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.41 for the gross margin
The net margin for Hello Group Inc ADR stands at 0.12. The total capital return value is set at 0.15. 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 0.49. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is 21.96.
Currently, EBITDA for the company is 2.79 billion with net debt to EBITDA at -0.83. When we switch over and look at the enterprise to sales, we see a ratio of 0.52. The receivables turnover for the company is 61.12for trailing twelve months and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.55.
Conclusion
In a nutshell, Hello Group Inc ADR (MOMO) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
