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MOMO

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.
NASDAQ:MOMOShort
by DEXWireNews
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.
NASDAQ:MOMOLong
by SynergyTradingSetups
BNS Momentum Trade " After Earnings"TSX:BNS After we are clear of earnings, I'll be looking for the price to pull back to the Nov 28 resistance of 71.50 near the 50 SMA and 50 EMA (old resistance becoming new support). If we can get confirmation with a reversal pattern double/ triple bottom or inverted Head and Shoulder, I'll be looking to enter with Real Life Tradings momo indicator. Stop loss will be placed just below the reversal pattern and the target will be at 100 WMA near $79.00. I have a few concerns with hitting our target: 1) We might have the 200 SMA as resistance. 2) If The 50 WMA backs up the current resistance at 74.30. If we are able to break through both resistances this could be a good 2.5r - 3 r trade. If we fall through the 71.50 level, I'll be looking for a similar setup at the 69.00 and 65.00 areas. Remember to always manage your risk when trading and have a stop loss. Happy trading!
TSX:BNSLong
by DustinL89
Gold Momo is On!*** Not Financial Advice *** Gold has moved precipitously from our original entry point, and is giving a momentum entry area where we currently sit. Worst case scenario can be a breath back on a higher timeframe to 1780. But that would be a good thing as it will allow us to get in at a higher price to ride it down to 1600. The reaction we get at the next liquidity line will be very telling. Remember, everything sells off in a market crash, especially gold. *** Not Financial Advice ***
FX_IDC:XAUUSDShort
by AuracleatFungii
4
Here I reveal all the dirty secrets about MOMO! 🐯Hi everyone, Yurii Domaranskyi here. Today I want to talk about MOMO, its fundamentals, and the overall technical picture! Hello Group (listed on NASDAQ:MOMO) holds two dating apps Momo and Tantan. The company is often called the ‘Tinder of China’. Momo connects people and facilitates social interactions based on location. While Tantan is designed to help its users find and establish romantic connections. Here are some important ratios: Market Cap 1.14B P/B 0.72 Debt/Eq 0.43 Short Float 11.55% according to finviz Short Float 6.26% according to fintel As of today. Positive about the company: While the company’s overall revenue was down, revenue from Momo actually grew 6% during the latest quarter and now accounts for 83% of Hello Group’s total. They have 2.453$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
NASDAQ:MOMOLong
by unfair_advantage
LSPD : BOOMER / MOMENTUM TRADELightspeed POS Inc. provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc. The company’s cloud platforms are designed interrelated elements, such as omni-channel consumer experience, a comprehensive back-office operations management suite to improve customers’ efficiency and insight, and the facilitation of payments. SOURCE : seekingalpha.com
NYSE:LSPDLong
by TradingMavericks
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.
NASDAQ:MOMO
by alvaromroo
1
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
NASDAQ:MOMO
by stockjanitor
5
Interesting view on MOMOI picked the timeframe of the superior uptrend and downtrend of Momo and draw the same sideways formation before the big jump 2015-16. And what a surprise, there are similarities about the price action. 1. IPO prices sinks 2. Rises back …and so on Momo is a free social search and instant messaging mobile app for Millions of Chinese people. The app allows users to chat with nearby friends and strangers. You could compare them with the dating platform Tinder (Match Group inc.) the only bigger difference would be that they are not really profitable. I still believe that Chinese stocks are very risky. But if this goes as it is indicating us, it is a worth a shot.
NASDAQ:MOMO
by Chrlstlan
MashumeHullTV and QQEMoMoTV Strategy on ETH Daily ChartMashumeHullTV and QQEMoMoTV Strategy Example on ETH Daily Chart Shows an example of how the MashumeHullTV and QQEMoMoTV can be used together for trend analysis of possible entries and exits on the ETH Daily chart. MashumeHullTV as well as QQEMoMoTV with Fast and Slow settings give Buy signal on the ETH Daily chart around 2418.67 on April 26, and does not give a Sell signal until around 3950.73 on May 12. However, we can see the Sell signal is not given at the same time on all indicators, which is why it is best to use the indicators together to confirm the trend direction. 2900 is a key Support/Resistance level for ETH, and we see QQE Fast is around 50, which is the zone to watch for Tests of Support/Resistance Levels. Previously we see that MashumeHullTV and QQEMoMoTV Fast had Buy signals to "Buy the Dip" on ETH, but the QQEMoMoTV Slow shows a flat line around 50 indicating a flat trend. As long as we are in this area we should see ETH trading sideways in range, until ETH gets above the key 2900 level. But once we are through 2900 on ETH looks like clear skies to be long again after having bought that dip previously.
by machdragon
STILL ON TARGET -- $ACY Target 21.05 for 58.39% Let's GO!!$ACY Target 21.05 for 58.39% Or next add level is at 5.53 On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
ALong
by SPYder_QQQueen_Trading
3
Bitcoin weeklies: A little re-charge before another move up?Will Bitcoin follow its recent pattern -- chop for a few weeks, touch the EMA9 at around 37.5k on the weekly -- before exploding up to $60k+? Volume has been divergent on this recent uptrend, despite huge squeeze Momo & huge corporate news w/ Tesla. Anchored VWAP on the last move up after a chop would match this shake out. Volatility has been rising, too, since the bleeding from the March crash happened. I wouldn't be shocked if it touches $50k as a psychological pivot point before shaking some weak hands.
BITSTAMP:BTCUSDLong
by somethingotherthansports
What a major bottom looks like: MOMOIn the last 6 - 7 years the $16 handle represented significance in both supply and demand. Inverse head and shoulders patterns are common major bottoms. The neckline represents historical supply where price has difficulty getting above, because buyers aren't yet motivated enough to hold through those price levels. A catalyst is needed. An example of one that hasn't yet been resolved is the chart below: Once price gets above this level (neckline) the path of least resistance changes, and sellers are no longer motivated to keep selling. What we're seeing with MOMO is not an inverse H&S pattern, but the dynamic between buyers and sellers playing tug of war between a price level is no different. In the last week the path of least resistance is now in the buyers hands, as long as price stays above 16.
NASDAQ:MOMOLong
by Lanmar
7
MOMO INC - Incerted Cup & HandleInverted CUP & HANDLE One way to think of the inverted handle is a follow-up to an inverted cup. The inverted handle retraces the initial move, but not to the level of the original trend. Once you see a retracement in the form of an inverted handle of the original inverted cup pattern, setting a stop loss while selling the trend could be a potential trade idea. After the cup forms and the beginning of a noticeable handle takes shape, begin to monitor trading volume closely. You might observe a steady, daily drop in volume that could potentially indicate the end of the handle’s formation is near.
NASDAQ:MOMOLong
by sureshsehrawat