For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Hello Group Inc ADR (NASDAQ: MOMO) closed at $7.83 in the last session, up 2.35% from day before closing price of $7.65. In other words, the price has increased by $2.35 from its previous closing price. On the day, 1.15 million shares were traded.
Ratios:
We take a closer look at MOMO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.14. For the most recent quarter (mrq), Quick Ratio is recorded 1.83 and its Current Ratio is at 1.83. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.01.
On June 03, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $13 to $6.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 26 ’24 when LI WANG bought 226,013 shares for $7.14 per share.
LI WANG bought 130,827 shares of MOMO for $919,243 on Sep 25 ’24. On Sep 13 ’24, another insider, Wang Li, who serves as the Director of the company, bought 343,160 shares for $6.29 each.
Valuation Measures:
As of this moment, Hello’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.18, and their Forward P/E ratio for the next fiscal year is 8.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.68 while its Price-to-Book (P/B) ratio in mrq is 0.84.
Stock Price History:
Over the past 52 weeks, MOMO has reached a high of $8.19, while it has fallen to a 52-week low of $4.79. The 50-Day Moving Average of the stock is 7.93%, while the 200-Day Moving Average is calculated to be 16.94%.
Shares Statistics:
A total of 131.93M shares are outstanding, with a floating share count of 131.83M. Insiders hold about 0.08% of the company’s shares, while institutions hold 74.57% stake in the company.
