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.
Institutional Ownership:
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.
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 $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.
