Stock Rating Upgrade
In the last week the Value Trend Rating for Hello Group Inc (NASDAQ: MOMO) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Hello Group Inc (NASDAQ: MOMO) stock declined by -2.0% on 3/18/24. The shares closed at $5.85. Moreover, this decline was accompanied by unusually high trading volume at 178% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -14.3% 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 C (Low Neutral). This VT Rating improved in recent days from D previously. 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 78 but a very low Power Rating of 12, triggering the Low Neutral Value Trend Rating.
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