Market cap of Hello Group Inc. [MOMO] reaches 1.03B – now what?

Hello Group Inc. [NASDAQ: MOMO] stock went on an upward path that rose over 8.02% on Thursday, amounting to a one-week price increase of more than 12.53%. The company report on August 19, 2022 that Hello Group to Report Second Quarter 2022 Results on September 1, 2022.


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Hello Group Inc. (NASDAQ: MOMO) (the “Company”), a leading mobile social and entertainment platform in China, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2022 before U.S. markets open on Thursday, September 1, 2022.

Hello Group’s management will host an earnings conference call on Thursday, September 1, 2022, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on the same day).

Over the last 12 months, MOMO stock dropped by -55.16%. The one-year Hello Group Inc. stock forecast points to a potential upside of 51.7. The average equity rating for MOMO stock is currently 2.30, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1.03 billion, with 197.62 million shares outstanding and 153.18 million shares in the current float. Compared to the average trading volume of 2.45M shares, MOMO stock reached a trading volume of 2729722 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Hello Group Inc. [MOMO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MOMO shares is $10.60 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 2.30. 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.

JP Morgan have made an estimate for Hello Group Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 14, 2022. While these analysts kept the previous recommendation, Citigroup dropped their target price from $18 to $13.60. The new note on the price target was released on December 01, 2021, representing the official price target for Hello Group Inc. stock. Previously, the target price had yet another raise to $13, while Morgan Stanley analysts kept a Equal-Weight rating on MOMO stock.

The Average True Range (ATR) for Hello Group Inc. is set at 0.25, with the Price to Sales ratio for MOMO stock in the period of the last 12 months amounting to 0.49. The Price to Book ratio for the last quarter was 0.67, with the Price to Cash per share for the same quarter was set at 5.69. Price to Free Cash Flow for MOMO in the course of the last twelve months was 6.94 with Quick ratio for the last quarter at 2.90.

MOMO Stock Performance Analysis:

Hello Group Inc. [MOMO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.53. With this latest performance, MOMO shares gained by 11.30% in over the last four-week period, additionally sinking by -42.10% over the last 6 months – not to mention a drop of -55.16% 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 63.43, with the RSI for the last a single of trading hit 71.80, and the three-weeks RSI is set at 57.53 for Hello Group Inc. [MOMO]. The present Moving Average for the last 50 days of trading for this stock 4.77, while it was recorded at 4.67 for the last single week of trading, and 7.22 for the last 200 days.

Insight into Hello Group Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Hello Group Inc. [MOMO] shares currently have an operating margin of +12.57 and a Gross Margin at +41.80. Hello Group Inc.’s Net Margin is presently recorded at -19.99.

Return on Equity for this stock declined to -23.30, with Return on Assets sitting at -14.14.

Hello Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.90 and a Current Ratio set at 2.90.

MOMO Stock EPS

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 Hello Group Inc. go to -0.20%.

Hello Group Inc. [MOMO] Insider Position Details

There are presently around $484 million, or 69.70% of MOMO stock, in the hands of institutional investors. The top three institutional holders of MOMO stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 10,952,198, which is approximately 7.38% of the company’s market cap and around 3.16% of the total institutional ownership; INVESCO LTD., holding 10,608,429 shares of the stock with an approximate value of $54.31 million in MOMO stocks shares; and KRANE FUNDS ADVISORS LLC, currently with $29.79 million in MOMO stock with ownership of nearly 35.268% of the company’s market capitalization.

Positions in Hello Group Inc. stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 75 institutional holders increased their position in Hello Group Inc. [NASDAQ:MOMO] by around 15,703,932 shares. Additionally, 102 investors decreased positions by around 22,407,074 shares, while 24 investors held positions by with 56,424,248 shares. The mentioned changes placed institutional holdings at 94,535,254 shares, according to the latest SEC report filing. MOMO stock had 30 new institutional investments in for a total of 4,349,541 shares, while 44 institutional investors sold positions of 3,853,550 shares during the same period.

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