On 5/28/24, Hello Group Inc (NASDAQ: MOMO) stock suffered a major decline of -12.3%, closing at $4.84. Moreover, this decline was accompanied by exceptionally high trading volume at 542% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -21.9% during the last week.
Current PriceTarget Research Rating
MOMO is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Hello Group has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Hello Group has a good Appreciation Score of 81 but a very low Power Rating of 13, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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