Momo Inc. [MOMO] fell -11.76% so far this year. What now?

Momo Inc. [NASDAQ: MOMO] loss -4.98% on the last trading session, reaching $11.82 price per share at the time. The company report on June 28, 2021 that Momo to Hold an Extraordinary General Meeting on August 2, 2021.

Momo Inc. (NASDAQ: MOMO) (“Momo” or the “Company”), a leading mobile social and entertainment platform in China, announced it will hold an Extraordinary General Meeting of Shareholders (the “EGM”) at 20th Floor, Block B, Tower 2, Wangjing SOHO, No. 1 Futongdong Street, Chaoyang District, Beijing 100102, People’s Republic of China at 2:00 pm (Beijing Time) on August 2, 2021.

The purpose of the EGM is for the Company’s shareholders to consider, and if thought fit, approve the change of the Company’s legal name from “Momo Inc.” to “Hello Group Inc.” The proposed name change will not affect any rights of shareholders or the Company’s operations and financial position.

Momo Inc. represents 205.98 million in outstanding shares, while the company has a total market value of $2.58 billion with the latest information. MOMO stock price has been found in the range of $11.43 to $12.24.

If compared to the average trading volume of 2.70M shares, MOMO reached a trading volume of 5754399 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Momo Inc. [MOMO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MOMO shares is $18.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MOMO stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

China Renaissance have made an estimate for Momo Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 13, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price from $16.10 to $19.30. The new note on the price target was released on March 26, 2021, representing the official price target for Momo Inc. stock.

The Average True Range (ATR) for Momo Inc. is set at 0.59, with the Price to Sales ratio for MOMO stock in the period of the last 12 months amounting to 1.12. The Price to Book ratio for the last quarter was 1.08, with the Price to Cash per share for the same quarter was set at 8.09. Price to Free Cash Flow for MOMO in the course of the last twelve months was 5.69 with Quick ratio for the last quarter at 3.80.

Trading performance analysis for MOMO stock

Momo Inc. [MOMO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.44. With this latest performance, MOMO shares dropped by -21.30% in over the last four-week period, additionally sinking by -25.43% over the last 6 months – not to mention a drop of -30.05% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MOMO stock in for the last two-week period is set at 28.46, with the RSI for the last a single of trading hit 23.92, and the three-weeks RSI is set at 32.40 for Momo Inc. [MOMO]. The present Moving Average for the last 50 days of trading for this stock 14.28, while it was recorded at 12.73 for the last single week of trading, and 14.98 for the last 200 days.

Momo Inc. [MOMO]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Momo Inc. [MOMO] shares currently have an operating margin of +15.33 and a Gross Margin at +45.88. Momo Inc.’s Net Margin is presently recorded at +14.00.

Return on Total Capital for MOMO is now 11.64, given the latest momentum, and Return on Invested Capital for the company is 10.82. Return on Equity for this stock inclined to 14.58, with Return on Assets sitting at 8.99. When it comes to the capital structure of this company, Momo Inc. [MOMO] has a Total Debt to Total Equity ratio set at 33.66. Additionally, MOMO Total Debt to Total Capital is recorded at 25.19, with Total Debt to Total Assets ending up at 21.22. Long-Term Debt to Equity for the company is recorded at 32.76, with the Long-Term Debt to Total Capital now at 24.51.

Reflecting on the efficiency of the workforce at the company, Momo Inc. [MOMO] managed to generate an average of $127,299 per employee. Receivables Turnover for the company is 32.35 with a Total Asset Turnover recorded at a value of 0.64.Momo Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.80 and a Current Ratio set at 3.80.

Momo Inc. [MOMO]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MOMO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Momo Inc. go to 2.07%.

An analysis of insider ownership at Momo Inc. [MOMO]

There are presently around $1,187 million, or 62.60% of MOMO stock, in the hands of institutional investors. The top three institutional holders of MOMO stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 13,645,798, which is approximately -2.162% of the company’s market cap and around 3.13% of the total institutional ownership; INVESCO LTD., holding 8,811,317 shares of the stock with an approximate value of $104.15 million in MOMO stocks shares; and BLACKROCK INC., currently with $85.37 million in MOMO stock with ownership of nearly 3.179% of the company’s market capitalization.

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Positions in Momo Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 106 institutional holders increased their position in Momo Inc. [NASDAQ:MOMO] by around 16,808,092 shares. Additionally, 106 investors decreased positions by around 23,114,411 shares, while 30 investors held positions by with 60,507,108 shares. The mentioned changes placed institutional holdings at 100,429,611 shares, according to the latest SEC report filing. MOMO stock had 34 new institutional investments in for a total of 2,408,310 shares, while 37 institutional investors sold positions of 10,427,767 shares during the same period.

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