MOMO Stock Summary and Trading Ideas (Hello Group - American Depositary Shares | NASDAQ:MOMO)

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 December 20, 2024, MOMO stock price climbed to $7.35 with 1,112,538 million shares trading.

MOMO has a beta of 0.29, meaning it tends to be less sensitive to market movements. MOMO has a correlation of 0.01 to the broad based SPY ETF.

MOMO has a market cap of $1.36 billion. This is considered a Small Cap stock.

Last quarter Hello Group - American Depositary Shares reported $381 million in Revenue and $.38 earnings per share. This beat revenue expectation by $15 million and exceeded earnings estimates by $.11.

In the last 3 years, MOMO traded as high as $11.54 and as low as $4.10.

The top ETF exchange traded funds that MOMO belongs to (by Net Assets): VXUS, VWO, IEMG, AVEM, KOMP.

MOMO has underperformed the market in the last year with a return of +14.2%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MOMO shares. However, MOMO has outperformed the market in the last 3 month and 2 week periods, returning +15.0% and +8.6%, while SPY returned +4.4% and -2.4%, respectively. This indicates MOMO has been having a stronger performance recently.

MOMO support price is $7.10 and resistance is $7.50 (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 shares will trade within this expected range on the day.