WiMi Hologram Cloud (NASDAQ:WIMI) Stock Price Up 1.8% – Time to Buy?

WiMi Hologram Cloud Inc. (NASDAQ:WIMI)’s share price rose 1.8% during mid-day trading on Thursday . The company traded as high as $2.94 and last traded at $2.79. Approximately 70,765 shares were traded during mid-day trading, an increase of 17% from the average daily volume of 60,551 shares. The stock had previously closed at $2.74.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of WiMi Hologram Cloud in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

WiMi Hologram Cloud Stock Up 1.8%

The business has a 50 day simple moving average of $3.32 and a 200-day simple moving average of $3.54.

WiMi Hologram Cloud (NASDAQ:WIMI) last released its quarterly earnings results on Friday, September 26th. The company reported $4.54 earnings per share (EPS) for the quarter. The company had revenue of $13.14 million during the quarter.

Institutional Investors Weigh In On WiMi Hologram Cloud

A hedge fund recently bought a new stake in WiMi Hologram Cloud stock. Jump Financial LLC purchased a new position in 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 fund purchased 39,512 shares of the company’s stock, valued at approximately $109,000. Jump Financial LLC owned approximately 0.40% of WiMi Hologram Cloud as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.96% of the company’s stock.

About WiMi Hologram Cloud

WiMi Hologram Cloud Inc provides augmented reality (AR) based holographic services and products in China. It operates in three segments: AR Advertising Services, AR Entertainment, and Semiconductor Related Products and Services. The company primarily offers holographic AR advertising services and holographic AR entertainment products.