Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $7.18 in the prior trading day, Hello Group Inc ADR (NASDAQ: MOMO) closed at $7.08, down -1.39%. In other words, the price has decreased by -$1.39 from its previous closing price. On the day, 0.98 million shares were traded. MOMO stock price reached its highest trading level at $7.37 during the session, while it also had its lowest trading level at $7.06.
Ratios:
Our goal is to gain a better understanding of MOMO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.46. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MOMO now has a Market Capitalization of 1235750272 and an Enterprise Value of -102852864. As of this moment, Hello’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.40, and their Forward P/E ratio for the next fiscal year is 7.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.62 while its Price-to-Book (P/B) ratio in mrq is 0.76. Its current Enterprise Value per Revenue stands at -0.009 whereas that against EBITDA is -0.047.
Stock Price History:
The Beta on a monthly basis for MOMO is 0.47, which has changed by 0.07807803 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. 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 0.29%, while the 200-Day Moving Average is calculated to be 9.21%.
Shares Statistics:
The stock has traded on average 1.06M shares per day over the past 3-months and 988590 shares per day over the last 10 days, according to various share 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 73.47% stake in the company. Shares short for MOMO as of 1731628800 were 4315629 with a Short Ratio of 3.83, compared to 1728950400 on 5022597. Therefore, it implies a Short% of Shares Outstanding of 4315629 and a Short% of Float of 3.19.
