A better buy-in window may exist right now for Hello Group Inc. (MOMO)

Hello Group Inc. (NASDAQ: MOMO) stock fell -0.28% on Monday to $7.15 against a previous-day closing price of $7.17. With 1.41 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.26 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $7.25 whereas the lowest price it dropped to was $7.07. The 52-week range on MOMO shows that it touched its highest point at $11.12 and its lowest point at $3.74 during that stretch. It currently has a 1-year price target of $11.30. Beta for the stock currently stands at 0.98.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MOMO was down-trending over the past week, with a drop of -4.92%, but this was down by -27.70% over a month. Three-month performance dropped to -26.97% while six-month performance fell -1.03%. The stock gained 54.10% in the past year, while it has lost -12.83% so far this year. A look at the trailing 12-month EPS for MOMO yields 1.21 with Next year EPS estimates of 1.45. For the next quarter, that number is 0.34. This implies an EPS growth rate of 148.60% for this year and 2.80% for next year. EPS is expected to grow by 1.47% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -7.50%.

Float and Shares Shorts:

At present, 188.96 million MOMO shares are outstanding with a float of 139.90 million shares on hand for trading. On Aug 30, 2023, short shares totaled 3.17 million, which was 1.67% higher than short shares on Jul 30, 2023. In addition to Mr. Yan Tang as the firm’s Co-Founder, Exec. Chairman & CEO, Mr. Li Wang serves as its Exec. Director & Pres.

Institutional Ownership:

Through their ownership of 76.41% of MOMO’s outstanding shares, institutional investors have majority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, MOMO reported revenue of $3.11B and operating income of $346.18M. The EBITDA in the recently reported quarter was $535.47M and diluted EPS was $1.68.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MOMO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MOMO analysts setting a high price target of $160.38 and a low target of $59.78, the average target price over the next 12 months is $81.62. Based on these targets, MOMO could surge 2143.08% to reach the target high and rise by 736.08% to reach the target low. Reaching the average price target will result in a growth of 1041.54% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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