InvestorsObserver is giving Hello Group Inc (MOMO) an Analyst Rating Rank of 34, meaning MOMO is ranked higher by analysts than 34% of stocks. The average price target for MOMO is $10.957 and analyst’s rate the stock as a Buy.
Wall Street analysts are rating MOMO a Buy today. Find out what this means to you and get the rest of the rankings on MOMO!
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Hello Group Inc Stock Today?
Hello Group Inc (MOMO) stock has gained 1.81% while the S&P 500 is down -0.55% as of 2:28 PM on Friday, Dec 2. MOMO is up $0.10 from the previous closing price of $5.47 on volume of 1,002,370 shares. Over the past year the S&P 500 is lower by -11.43% while MOMO is down -42.28%. MOMO lost -$2.36 per share the over the last 12 months.
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