WiMi Hologram Cloud (NASDAQ:WIMI) Stock Price Down 6.2% – What’s Next?

WiMi Hologram Cloud Inc. (NASDAQ:WIMI)’s share price dropped 6.2% during mid-day trading on Thursday. The company traded as low as $0.62 and last traded at $0.6461. 146,802 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 172,633 shares. The stock had previously closed at $0.6890.

Analysts Set New Price Targets

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

WiMi Hologram Cloud Stock Performance

The company has a 50-day moving average of $1.12 and a 200-day moving average of $1.44.

WiMi Hologram Cloud (NASDAQ:WIMI) last released its earnings results on Thursday, September 24th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.05. The business had revenue of $10.07 million for the quarter, compared to the consensus estimate of $123.39 million.

Institutional Investors Weigh In On WiMi Hologram Cloud

A hedge fund recently bought a new stake in WiMi Hologram Cloud stock. Squarepoint Ops LLC acquired a new position in shares of WiMi Hologram Cloud Inc. (NASDAQ:WIMI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 40,126 shares of the company’s stock, valued at approximately $61,000. Squarepoint Ops LLC owned 0.22% of WiMi Hologram Cloud as of its most recent SEC filing. 0.96% of the stock is currently owned by hedge funds and other institutional investors.

WiMi Hologram Cloud Company Profile

WiMi Hologram Cloud Inc (NASDAQ: WIMI) is a technology company focused on holographic augmented reality (AR) applications. The company develops software, content and related solutions designed to integrate holographic and three-dimensional visual effects into digital media, advertising and interactive experiences.

Its offerings have included holographic AR advertising services, holographic entertainment content, interactive applications, computer-vision technologies and facial-recognition solutions.