WiMi Hologram Cloud (NASDAQ:WIMI) Releases Earnings Results, Beats Estimates By $0.05 EPS

WiMi Hologram Cloud (NASDAQ:WIMI) released its quarterly earnings data on Thursday. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.05, reports. The business had revenue of $10.07 million for the quarter, compared to the consensus estimate of $123.50 million.

WiMi Hologram Cloud Trading Up 1.0%

WiMi Hologram Cloud stock opened at $1.04 on Friday. WiMi Hologram Cloud has a fifty-two week low of $1.00 and a fifty-two week high of $5.65. The business’s 50-day simple moving average is $1.25 and its two-hundred day simple moving average is $1.55.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WIMI shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WiMi Hologram Cloud in a research report on Friday, July 17th. Wall Street Zen raised shares of WiMi Hologram Cloud to a “hold” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

About WiMi Hologram Cloud

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.