WiMi Hologram Cloud (NASDAQ:WIMI) Issues Earnings Results

WiMi Hologram Cloud (NASDAQ:WIMI) announced its earnings results on Thursday. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.05, reports. The company had revenue of $10.07 million for the quarter, compared to analysts’ expectations of $123.39 million.

WiMi Hologram Cloud Price Performance

NASDAQ:WIMI opened at $0.79 on Friday. The stock has a 50-day simple moving average of $1.20 and a two-hundred day simple moving average of $1.51. WiMi Hologram Cloud has a 52-week low of $0.77 and a 52-week high of $5.50.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of WiMi Hologram Cloud in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, WiMi Hologram Cloud has an average rating of “Sell”.

WiMi Hologram Cloud Company Profile

WiMi Hologram Cloud Inc (NASDAQ: WIMI) is a technology company focused on augmented reality (AR), holographic applications and related digital solutions. The company develops and operates a holographic augmented-reality advertising platform designed to help businesses create and distribute interactive visual content across digital media channels.

Its products and services have included holographic advertising, entertainment applications, software development and technical solutions involving computer vision, artificial intelligence, three-dimensional content and cloud-based technologies.