Hello Group Inc ADR [NASDAQ: MOMO] stock went on a downward path that fall over -3.55% on Thursday, amounting to a one-week price decrease of less than -4.33%. The company report on March 26, 2024 at 5:00 AM that Apple CEO visits Hello Group Inc. and is impressed with inSpaze on Apple Vision Pro.
Mr. Cook, visited the headquarters of Hello Group Inc. (“Hello Group” or the “Company”) on March 23, 2024, where Jia Wei, Senior Vice President of the Company, and Yi Ming, the head of inSpaze project, introduced Hello Group and its innovative social app ‘inSpaze’ on Apple Vision Pro. Mr. Cook commented that spatial computing has brought about new opportunities and the immersive social experience of inSpaze is truly impressive under the spatial computing power of Apple Vision Pro.
As the first spatial social app on Apple Vision Pro, inSpaze aims to recreate reality in the virtual world. Yi Ming demonstrated how inSpaze enables users to chat, share and play games in a social space that feels as real as face-to-face interactions. He mentioned that with the immersive experience created with inSpaze, users can reshape their social boundaries and experience the most realistic effects closest to the real world.
Over the last 12 months, MOMO stock dropped by -28.49%. The one-year Hello Group Inc ADR stock forecast points to a potential upside of 32.47. The average equity rating for MOMO stock is currently 1.83, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $894.07 million, with 149.76 million shares outstanding and 149.69 million shares in the current float. Compared to the average trading volume of 2.21M shares, MOMO stock reached a trading volume of 2612714 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Hello Group Inc ADR [MOMO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MOMO shares is $8.84 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 1.83. 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.
UBS have made an estimate for Hello Group Inc ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 28, 2023. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $5 to $13. The new note on the price target was released on April 14, 2023, representing the official price target for Hello Group Inc ADR stock. Previously, the target price had yet another raise from $9 to $12, while Morgan Stanley kept a Equal-Weight rating on MOMO stock. On December 09, 2022, analysts increased their price target for MOMO shares from 5 to 9.
The Average True Range (ATR) for Hello Group Inc ADR is set at 0.31, with the Price to Sales ratio for MOMO stock in the period of the last 12 months amounting to 0.53. The Price to Book ratio for the last quarter was 0.71, with the Price to Cash per share for the same quarter was set at 6.50. Price to Free Cash Flow for MOMO in the course of the last twelve months was 3.72 with Quick ratio for the last quarter at 3.72.
MOMO Stock Performance Analysis:
Hello Group Inc ADR [MOMO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.33. With this latest performance, MOMO shares dropped by -10.63% in over the last four-week period, additionally sinking by -13.35% over the last 6 months – not to mention a drop of -28.49% 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 43.15, with the RSI for the last a single of trading hit 40.80, and the three-weeks RSI is set at 44.48 for Hello Group Inc ADR [MOMO]. The present Moving Average for the last 50 days of trading for this stock 6.30, while it was recorded at 6.21 for the last single week of trading, and 7.57 for the last 200 days.
Insight into Hello Group Inc ADR Fundamentals:
Hello Group Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.72 and a Current Ratio set at 3.74.
MOMO Stock EPS
With the latest financial reports released by the company, Hello Group Inc ADR posted 0.33/share EPS, while the average EPS was predicted by analysts to be reported at 0.27/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 22.20%. 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 ADR go to -3.08%.
Hello Group Inc ADR [MOMO] Institutonal Ownership Details
The top three institutional holders of MOMO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in MOMO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in MOMO stock with ownership which is approximately 5.8386%.
