Hello Group Inc ADR [NASDAQ: MOMO] traded at a low on Wednesday, posting a -8.36 loss after which it closed the day’ session at $6.80.
The results of the trading session contributed to over 5667414 shares changing hands. Over the past one week, the price volatility of Hello Group Inc ADR stands at 3.93% while the volatility over the past one month is 4.01%.
The market cap for MOMO stock reached $897.12 million, with 131.93 million shares outstanding and 131.83 million shares in the current float. Compared to the average trading volume of 977.96K shares, MOMO reached a trading volume of 5667414 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $8.83 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 1.57. 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.
BofA Securities have made an estimate for Hello Group Inc ADR shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on November 06, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price from $13 to $6. The new note on the price target was released on June 03, 2024, representing the official price target for Hello Group Inc ADR stock. On April 28, 2023, analysts increased their price target for MOMO shares from 4.80 to 12.50.
The Average True Range (ATR) for Hello Group Inc ADR is set at 0.33, with the Price to Sales ratio for MOMO stock in the period of the last 12 months amounting to 0.59. The Price to Book ratio for the last quarter was 0.73, with the Price to Cash per share for the same quarter was set at 11.05. Price to Free Cash Flow for MOMO in the course of the last twelve months was 6.20 with Quick ratio for the last quarter at 1.83.
How has MOMO stock performed recently?
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 -10.41. With this latest performance, MOMO shares dropped by -10.53% in over the last four-week period, additionally plugging by 7.59% over the last 6 months – not to mention a rise of 9.27% 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 36.60, with the RSI for the last a single of trading hit 30.64, and the three-weeks RSI is set at 40.63 for Hello Group Inc ADR [MOMO]. The present Moving Average for the last 50 days of trading for this stock 7.38, while it was recorded at 7.36 for the last single week of trading, and 6.84 for the last 200 days.
Hello Group Inc ADR [MOMO]: Deeper insight into the fundamentals
Hello Group Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.83 and a Current Ratio set at 1.83.
Insider trade positions for Hello Group Inc ADR [MOMO]
There are presently around $73.08%, or 73.08%% of MOMO stock, in the hands of institutional investors. The top three institutional holders of MOMO stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 8.66 million shares, which is approximately 4.6244%. GOLDMAN SACHS GROUP INC, holding 8.18 million shares of the stock with an approximate value of $$50.03 million in MOMO stocks shares; and GOLDMAN SACHS GROUP INC, currently with $$40.79 million in MOMO stock with ownership which is approximately 3.5577%.
