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Hello Group Inc ADR (NASDAQ: MOMO) closed the day trading at $6.56 down -1.80% from the previous closing price of $6.68. In other words, the price has decreased by -$1.80 from its previous closing price. On the day, 1.27 million shares were traded. MOMO stock price reached its highest trading level at $6.675 during the session, while it also had its lowest trading level at $6.45.
Ratios:
For a better understanding of MOMO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.11. For the most recent quarter (mrq), Quick Ratio is recorded 2.55 and its Current Ratio is at 2.55. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.19.
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 1156691968 and an Enterprise Value of -134591456. As of this moment, Hello’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.60, and their Forward P/E ratio for the next fiscal year is 6.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.57 while its Price-to-Book (P/B) ratio in mrq is 0.78. Its current Enterprise Value per Revenue stands at -0.012 whereas that against EBITDA is -0.062.
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 -6.21%, while the 200-Day Moving Average is calculated to be 4.05%.
Shares Statistics:
Over the past 3-months, MOMO traded about 1.25M shares per day on average, while over the past 10 days, MOMO traded about 784510 shares per day. A total of 147.36M shares are outstanding, with a floating share count of 136.04M. Insiders hold about 0.07% of the company’s shares, while institutions hold 71.49% stake in the company. Shares short for MOMO as of 1730332800 were 4260824 with a Short Ratio of 3.40, compared to 1727654400 on 4054540. Therefore, it implies a Short% of Shares Outstanding of 4260824 and a Short% of Float of 3.15.
