23-Apr-2024
No headlines found.
Apple CEO visits Hello Group Inc. and is impressed with inSpaze on Apple Vision Pro
PRNewswire (Tue, 26-Mar 5:00 AM ET)
Hello Group Inc. Announces Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2023
PRNewswire (Thu, 14-Mar 4:13 AM ET)
Hello Group to Report Fourth Quarter and Fiscal Year 2023 Results on March 14, 2024
PRNewswire (Thu, 22-Feb 8:00 PM ET)
Hello Group Inc. Launches the Native Social App 'inSpaze' for Apple Vision Pro
PRNewswire (Mon, 5-Feb 2:00 AM ET)
Hello Group Inc provides mobile-based social networking services. It enables users to establish and expand social relationships based on location and interests. Its platform includes the Momo mobile application and a variety of related features, functionalities, tools, and services that it provides to users, customers, and platform partners. The company derives its revenue from live video services, value-added services, mobile marketing services, mobile games, and other services. It operates in three segments: Momo's service lines, Tantan's service lines, and QOOL's service lines out of which Momo's service lines segment derives the majority of revenue.
Hello Group - American Depositary Shares trades on the NASDAQ stock market under the symbol MOMO.
As of April 23, 2024, MOMO stock price climbed to $5.72 with 1,009,014 million shares trading.
MOMO has a beta of 0.50, meaning it tends to be less sensitive to market movements. MOMO has a correlation of 0.02 to the broad based SPY ETF.
MOMO has a market cap of $1.08 billion. This is considered a Small Cap stock.
Last quarter Hello Group - American Depositary Shares reported $423 million in Revenue and $.37 earnings per share. This beat revenue expectation by $17 million and exceeded earnings estimates by $.03.
In the last 3 years, MOMO stock traded as high as $16.33 and as low as $4.10.
The top ETF exchange traded funds that MOMO belongs to (by Net Assets): VXUS, VWO, IEMG, IRBO, KOMP.
MOMO has underperformed the market in the last year with a return of -16.7%, while the SPY ETF gained +24.3%. In the last 3 month period, MOMO fell short of the market, returning +4.7%, while SPY returned +4.9%. However, in the most recent 2 weeks MOMO has outperformed the stock market by returning +3.8%, while SPY returned -2.5%.
MOMO support price is $5.56 and resistance is $5.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MOMO stock will trade within this expected range on the day.