On 3/14/24, Hello Group Inc (NASDAQ: MOMO) stock suffered a major decline of -22.3%, closing at $5.96. Moreover, exceptionally high trading volume at 683% of normal accompanied the decline. The stock has been extremely weak relative to the market over the last nine months and has declined -13.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MOMO is expected to continue to be a major Value Builder.
Hello Group has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Hello Group has a good Appreciation Score of 73 but a very low Power Rating of 13, with the Negative Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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