(VIANEWS) – The NASDAQ ended the session with Momo jumping 7.42% to $4.92 on Monday, following the last session’s downward trend. NASDAQ rose 0.76% to $11,535.02, after two consecutive sessions in a row of losses, on what was a somewhat positive trend trading session today.

About Momo

Hello Group Inc. offers mobile-based entertainment and social services in China. The company operates the Momo platform, which includes its Momo mobile app, along with various properties, functionalities and tools. Momo’s mobile app connects people, facilitates interaction based on their location and interests, and various recreational activities including short videos and live talent shows. Tantan is a social dating and social networking app that allows users to make romantic connections and find interesting people. It offers live video chats, instant chats, value-added mobile marketing and many other services. It also allows users of its platform to stream a wide range of content and activities, including talk and talent shows as well casual chats and other interactions between viewers and broadcasters. In August 2021, the company changed its name from Momo Inc. to Hello Group Inc. Hello Group Inc. was founded in 2011. It is located in Beijing, People’s Republic of China.

Volume

Today’s last reported volume for Momo is 1761130, 1.2% below its average volume of 1782570.

Momo’s last close was $4.58, 67.27% under its 52-week high of $14.00.

Momo’s Sales

Momo’s sales growth is a negative 20.9% for the present quarter and a decline by 22.4% for the next. The company’s growth estimates for the present quarter and the next is a negative 37.5% and a negative 41.5%, respectively.

Momo’s Revenue

Year-on-year quarterly revenue growth declined by 9.3%, now sitting on 14.25B for the twelve trailing months.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,

Momo’s stock is considered to be overbought (>=80).

Momo’s Stock Yearly Top and Bottom Value

Momo’s stock is valued at $4.92 at 18:21 EST, way below its 52-week high of $14.00 and way higher than its 52-week low of $4.14.

Momo’s Moving Average

Momo’s value is above its 50-day moving average of $4.77 and way under its 200-day moving average of $6.63.

More news about Momo (MOMO).

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