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Hello Group Inc.HH

Hello Group Inc.

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MOMO trade ideas

Hello Group Inc. Announces Unaudited Financial ResultsHello Group Inc.,v ( NASDAQ:MOMO ) a leading player in mainland China's online social networking space, has announced its unaudited financial results for the first quarter of 2024. The company reported a 9.2% decrease in net revenues to RMB2,560.4 million (US$354.6 million), with net income attributable to Hello Group Inc. ( NASDAQ:MOMO ) decreasing to RMB5.2 million (US$0.7 million) from RMB390.3 million in the same period of 2023. Non-GAAP net income attributable to Hello Group Inc. ( NASDAQ:MOMO ) decreased to RMB59.9 million (US$8.3 million) in Q1 2024, mainly due to the accrual of withholding income tax on historical undistributed earnings generated by the company's wholly-foreign owned enterprise ("WFOE"). Diluted net income per American Depositary Share (ADS) was RMB0.03 (US$0.00) in Q1 2024, compared to RMB1.96 in Q2 2023. Non-GAAP diluted net income per ADS was RMB0.31 (US$0.04) in Q1 2024, compared to RMB2.36 in Q2 2023. Monthly Active Users (MAU) on Tantan app were 13.7 million in March 2024, compared to 19.5 million in March 2023. For the Momo app, total paying users was 7.1 million for Q1 2024, compared to 7.8 million for the same period last year. Tantan had 1.1 million paying users for Q1 2024, compared to 1.6 million from the previous year. Hello Group ( NASDAQ:MOMO ) Chairman and CEO Yan Tang stated that the company has made steady progress in implementing strategic priorities for Momo, Tantan, and new endeavors since the beginning of the year. Product innovation and technological advancements have enabled Momo to play an important role in helping users discover new relationships and build meaningful interactions, laying a solid foundation for maintaining user and revenue scale over the long term. The overseas team has accelerated the localization process to drive continued growth in new endeavors, and the company looks forward to delivering high-quality social and entertainment services to a much broader user base globally. In Q1 2024, mobile games revenues decreased by 88.3% from Q1 2023. The Momo segment's net revenues decreased from RMB2,510.1 million to RMB2,318.9 million due to a decrease in value-added service and live video service on the Momo app. The Tantan segment's net revenues also decreased from RMB308.6 million to RMB241.5 million due to a decrease in live video service and value-added service. Cost and expenses decreased by 12.4% from Q1 2023 to RMB2,120.0 million, primarily due to a decrease in revenue sharing with broadcasters related to live video service on the Momo and Tantan apps, and a decrease in revenue sharing with virtual gift recipients of the Momo app. This decrease was partially offset by an increase in revenue sharing with virtual gift recipients for new standalone apps. Non-GAAP cost and expenses decreased by 11.6% to RMB2,065.3 million. Income from operations increased by 63.8 million to RMB460.3 million, while non-GAAP income from operations increased by 71.3 million to RMB515.0 million. Non-GAAP income from operations decreased by 517.8 million to RMB515.0 million, while non-GAAP income from operations increased by 67.7 million to RMB488.5 million. Income tax expenses increased by 77.2 million to RMB557.6 million, compared to RMB122.6 million in Q1 2023. The company's net income from operations decreased by 88.3% to RMB3,419 million in Q1 2024. Technical Outlook Hello Group Inc., ( NASDAQ:MOMO ) stock is down 1.99% in pre-market trading as a result of the weak earnings report. The stock has a Relative Strength Index (RSI) of 35.27 which is quite oversold. The Moving Average Convergence Divergence (MACD) all poses a bearish trend in the near term.
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by DEXWireNews
MOMO - Monthly - Value Trap? or Value Buy?1. Price has entered the 2015 level 2. RSI Flattening out 3. MACD is crossing below -0 (personally i think is unreliable) 4. Volume is above average from Sep 2020 5. KDJ is at bottom 6. Financial Reports are positive net income with attractive PE 7. Market comparison with Tinder is just a huge discount, 8. although it is a Chinese company which has political risk, the political risk discount seems included at current price. 9. ~ 4.5% annual dividend for a tech
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by stockjanitor
5
Hello Gr 🌏up $MOMO What if . Today, I want to share with you a story about the world of trading investments. It's a realm filled with highs and lows, truth and deception, clarity and confusion. In this game, the reality is often obscured by false signs and misleading indicators. But through it all, one thing becomes clear: it's just a game. A game of life. We venture into this world with aspirations, hoping to make the right choices, to spot the genuine opportunities amidst the noise. But what is it all for? What are we trying to prove? At the end of the day, it's about who comes out on top, for the winner takes everything. So, can we be winners or losers? The answer lies in our mindset. Losing happens when we give up, when we let go of our dreams and aspirations. As long as we persevere, we keep the possibility of winning alive. As the great Winston Churchill once said, "Success is not final, failure is not fatal: It is the courage to continue that counts." Embrace this journey, face the challenges head-on, and never let temporary setbacks define your future. Remember, every step you take, every effort you make, brings you closer to your goals. Karma.
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by TrojanBible
Hello 👋🏽 Group 😶‍🌫️Hello Group, a leading mobile social networking platform, has several opportunities in the digital world: 1. **Expansion of Social Networking Services**: With a large user base, Hello Group can enhance its social networking services by introducing new features like augmented reality (AR) experiences, enhanced privacy settings, and AI-driven content recommendations to increase user engagement. 2. **E-commerce Integration**: Leveraging its platform for social commerce, allowing users to buy and sell products within the app, can create new revenue streams and increase user retention. 3. **Virtual and Augmented Reality**: Incorporating VR and AR technologies into its apps can provide immersive experiences for users, such as virtual meetups, games, and interactive content. 4. **Data Analytics and AI**: Using advanced data analytics and AI to understand user behavior and preferences better, thus providing personalized experiences and targeted advertising opportunities. 5. **Global Market Penetration**: Expanding into new international markets, particularly in regions with growing internet penetration, can increase its user base and diversify its revenue sources. 6. **Digital Payments and Fintech**: Offering digital payment solutions and integrating fintech services can facilitate in-app transactions, peer-to-peer payments, and financial services, enhancing the overall user experience. 7. **Content Creation and Monetization**: Encouraging user-generated content and providing tools for creators to monetize their content through ads, subscriptions, or virtual gifts can boost engagement and revenue. 8. **Partnerships and Collaborations**: Forming strategic partnerships with other tech companies, media organizations, and influencers can help Hello Group expand its offerings and reach. By leveraging these opportunities, Hello Group can strengthen its position in the digital world and continue to grow its user base and revenue.
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by TrojanBible
HELLO GROUP Stock Chart Fibonacci Analysis 031424Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 5.7/61.80% 1) Find a FIBO slingshot 2) Check FIBO 423.60% level 3) Hit the top = 57/423.60% Chart time frame : D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : C A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
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by fibonacci6180
MOMO LongI don't usually post trade setups that include eliott waves, however this one is really captivating. MOMO completed a 5 wave Impulse from its low before recently completing an ABC correction where the second wave completed at a perfect bearish bat, and then the wave hit its measured move below the key support level. The correction waves bottomed out at a key level from history that coincides with the 0.618 fib retracement level from the low to high of the Impulse phase. This potentially signals a wave 2 completion of a larger 5 Wave Impulse up One of the strongest setups we look for is a spring backtest, where an asset falls below a key level, before springing back above that key level and backtesting it as support. In this case we are yet to backtest it as support. However, we have sprung and are showing lots of bullish divergence, so within the community we have started to layer in from this level. First target at a key resistance already gives us a 38% return against a potential 8% loss.
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by SynergyTradingSetups
$MOMO returned to the global side movingNASDAQ:MOMO rebounced and returned global side moving withing the mother channel. To be aligned with the generic Chenese long moving? this one of the top companies should start catching up the colleagues. Huge potential is hidden under the mask of the silent, but huge service company. NASDAQ:MOMO ::9.15->16->25->39::+326%::Autumn 2024 Does not constitute a recommendation. #investing #stocks #idea #forecast #furoreggs Please, subscribe and challenge my point of view )
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by furoreggs
MOMO (Long) - Undervalued star of the Chinese Digital FrontierFundamentals Chinese markets have been underperforming recently, however, some stocks, like NASDAQ:MOMO , have been holding up. The Chinese officials have enacted an important easing measure this week to prop up the property market, and the Chinese markets have seen a reversal which might have (at least short-term) legs NASDAQ:MOMO is an excellent company with a cheap valuation (P/E = 9) and a strong growth; net income is up 35% yoy and increasing profit margins The company became profitable with earnings expected to grow strongly Low debt levels and high profit targets from banks; JPMorgan also has a substantial position in MOMO and they have been increasing it in recent weeks Technicals The chart has been basing for for a couple of months getting ready for a breakout; especially on the weekly chart, with a robust base, getting propped up by moving averages The price tried to go down several times and always got bought back up; the company released strong earning a few days back, giving it a green light to go higher The indicators on the daily also show that the stock has been being accumulated over this whole time with the Chaikin money flow strongly in positive territory I have been watching the price action rigorously for two months and the stock has strong support at the bottom; buyers always reacting with strong buying at the bottoms and quick reversals Trade The safer way to enter is to wait for the breakout, but higher-conviction investors, like myself, can start buying now MOMO is a volatile stock, so to keep thee stoploss at the bottom of the base requires strong stomach; one can also wait for the breakout and use the zone around the black line for a stoploss I have bought after the second reversal and have recently increased the position Advantageous is also a stronger performance in other internet stocks ( NYSE:VIPS NASDAQ:PDD ) as well as the reversal in the index Caveats: mainly fake breakouts and weakness in the Chinese markets (which has been substantial in recent weeks; the data coming out of China is pretty tragic) Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
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by jurajholik
Here I reveal all the dirty secrets about MOMO! 🐯Hi everyone, Yurii Domaranskyi here. Today I want to talk about MOMO, its fundamentals, and the overall technical picture! Hello Group (listed on NASDAQ:MOMO) holds two dating apps Momo and Tantan. The company is often called the ‘Tinder of China’. Momo connects people and facilitates social interactions based on location. While Tantan is designed to help its users find and establish romantic connections. Here are some important ratios: Market Cap 1.14B P/B 0.72 Debt/Eq 0.43 Short Float 11.55% according to finviz Short Float 6.26% according to fintel As of today. Positive about the company: While the company’s overall revenue was down, revenue from Momo actually grew 6% during the latest quarter and now accounts for 83% of Hello Group’s total. They have 2.453$M in cash (cash + ST Deposits + LT Deposits). If they use it to pay their liabilities (1180$M) they will keep 1273$M. At the current market cap of 1.14B, I don't mind get every other asset - their apps, equipment, property - for free. The total share outstanding is reduced to about 197 million now. Shs Float is roughly 76.17M. Net cash is about 8.81. a share. And you have like 10.5% dividend incoming next week. TO SUM UP: Shareholder's equity 1 billion 661 million 111 thousands That is when all debt is paid, while the market cap is 1.14B So for me, This is a no-brainer investment Negative about the company: Hello Group’s revenue fell 3.2% in the fourth quarter, with an even larger decline forecast in the current quarter, dragged down by plunging business for its Tantan unit. Tantan’s revenue plunged by more than 40% to $69 million in the fourth quarter. The company added on its earnings call that Tantan had 2.5 million paying users at the end of the year, down 14% from just three months earlier when it had 2.9 million users. Hello Group's revenue guidance for Q1 2022 points to be down approximately 8% y/y. Furthermore, Momo's MAUs - Monthly Active Users as of Q4 2021, were flat compared with the same period a year ago, at 114 million users. The problem though here is that the market is always looking ahead. And the market simply doesn't believe that Hello Group will be able to reignite its revenue growth rates. Remember, cheap can always get cheaper. And much cheaper than you can possibly imagine. So, use a stop loss. If you’re reading my post this far, it already means that you’re taking trading seriously. Subscribe and press like so that this reaches more traders! Best wishes, Yurii Domaranskyi
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by trading_as_bus
Hello Group lost big support levelThis stock has been slashed over this year. It has lost an important support level and it's following the same trend as other companies such as Robinhood, Bumble, Victoria's Secret, Vimeo or Deliveroo + the Chinese Crisis. We expect someday a trend reversal, so for now we recommend to place price alerts. Key level, the weekly resistance line (at $12 per share - a good one for selling-short). Moreover, it's not a bad entry for swing traders with stop loss on last lows, as a bullish divergence on the daily chart is almost complete.
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by alvaromroo
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