Hello Group Inc ADR (NASDAQ:MOMO) shares, rose in value, with the stock price up by 0.34% to the previous day’s close as strong demand from buyers drove the stock to $5.99.
Actively observing the price movement in the last trading, the stock closed the session at $5.97. The value of beta (5-year monthly) was 0.73 whereas the PE ratio was 4.36 over 12-month period. Referring to stock’s 52-week performance, its high was $11.12, and the low was $5.59. On the whole, MOMO has fluctuated by -12.68% over the past month.
With the market capitalization of Hello Group Inc ADR currently standing at about $897.06 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 14, 2024.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MOMO’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of MOMO currently trading nearly -5.30% and -4.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.64, while the 7-day volatility ratio is showing 3.90% which for the 30-day chart, stands at 4.54%. Furthermore, Hello Group Inc ADR (MOMO)’s beta value is 0.70, and its average true range (ATR) is 0.31.
A comparison of Hello Group Inc ADR (MOMO) with its peers suggests the former has fared considerably weaker in the market. MOMO showed an intraday change of 0.34% in last session, and over the past year, it shrunk by -26.15%%.
Data on historical trading for Hello Group Inc ADR (NASDAQ:MOMO) indicates that the trading volumes over the past 10 days have averaged 2.42 million and over the past 3 months, they’ve averaged 2.25 million. According to company’s latest data on outstanding shares, there are 149.76 million shares outstanding.
Nearly 0.05% of Hello Group Inc ADR’s shares belong to company insiders and institutional investors own 76.31% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.66 million shares as on Mar 15, 2024, resulting in a short ratio of 1.44. According to the data, the short interest in Hello Group Inc ADR (MOMO) stood at 1.95% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.14 million. The stock has fallen by -13.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MOMO stock heading into the next quarter.
