Hello Group Inc ADR (NASDAQ: MOMO) stock jumped 2.58% on Monday to $7.15 against a previous-day closing price of $6.97. With 1.42 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.07 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $7.22 whereas the lowest price it dropped to was $7.05. The 52-week range on MOMO shows that it touched its highest point at $11.12 and its lowest point at $4.44 during that stretch. It currently has a 1-year price target of $11.38. With its current market cap of 1.07 billion, MOMO has annualized dividend of $0.36 while the current yield stands at 5.03%. Beta for the stock currently stands at 0.90.
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 up-trending over the past week, with a rise of 2.73%, but this was up by 6.08% over a month. Three-month performance dropped to -23.45% while six-month performance fell -17.34%. The stock gained 33.36% 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 1.26 with Next year EPS estimates of 1.32. For the next quarter, that number is 0.33. This implies an EPS growth rate of 26.87% for this year and 2.09% 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 -8.48%.
Float and Shares Shorts:
At present, 149.34 million MOMO shares are outstanding with a float of 149.32 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.47 million, which was 1.30% higher than short shares on Sep 28, 2023. In addition to Mr. Yan Tang as the firm’s Co-Founder, Executive Chairman & CEO, Mr. Li Wang serves as its Executive Director & President.
Through their ownership of 76.41% of MOMO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 44.96% of MOMO, in contrast to 29.51% held by mutual funds. As the largest shareholder in MOMO with 6.68% of the stake, Renaissance Technologies LLC holds 9,906,010 shares worth 9,906,010. A second-largest stockholder of MOMO, Invesco Asset Management Ltd., holds 9,633,956 shares, controlling over 6.50% of the firm’s shares. Alibaba Group Holding Ltd. is the third largest shareholder in MOMO, holding 8,434,570 shares or 5.69% stake. With a 6.45% stake in MOMO, the Invesco Funds – Global Consumer T is the largest stakeholder. A total of 9,561,956 shares are owned by the mutual fund manager. The R Valor Fund, which owns about 2.13% of MOMO stock, is the second-largest Mutual Fund holder. It holds 3,162,512 shares valued at 22.39 million. Vanguard Emerging Markets Stock I holds 1.31% of the stake in MOMO, owning 1,938,019 shares worth 13.72 million.
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 $58.28, the average target price over the next 12 months is $83.20. Based on these targets, MOMO could surge 2143.08% to reach the target high and rise by 715.1% to reach the target low. Reaching the average price target will result in a growth of 1063.64% from current levels.
Dividends & Yield:
In terms of dividends, MOMO has a current ratio of $–, which is $– over the trailing 12-months, while a dividend of $– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and MOMO currently yields $––. In the past year, MOMO’s dividend yield has been $––, but when looking at the stock over the past five years, its yield has been $––. Accordingly, MOMO has a current buyback yield of $4.07. This was $4.07 for the TTM, and it was $– for the past five years.