WiMi Hologram Cloud (NASDAQ:WIMI) Shares Up 1.8% – Here’s Why

Shares of WiMi Hologram Cloud Inc. (NASDAQ:WIMI) shot up 1.8% on Thursday . The company traded as high as $2.94 and last traded at $2.79. 70,765 shares traded hands during mid-day trading, an increase of 17% from the average session volume of 60,551 shares. The stock had previously closed at $2.74.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of WiMi Hologram Cloud in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, WiMi Hologram Cloud has an average rating of “Sell”.

WiMi Hologram Cloud Stock Performance

The stock has a 50-day moving average of $3.30 and a 200 day moving average of $3.54.

WiMi Hologram Cloud (NASDAQ:WIMI) last issued its 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.

Hedge Funds Weigh In On WiMi Hologram Cloud

A hedge fund recently bought a new stake in WiMi Hologram Cloud stock. Jump Financial LLC acquired a new stake in WiMi Hologram Cloud Inc. (NASDAQ:WIMI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 39,512 shares of the company’s stock, valued at approximately $109,000. Jump Financial LLC owned 0.40% of WiMi Hologram Cloud at the end of the most recent quarter. Institutional investors and hedge funds own 0.96% of the company’s stock.

WiMi Hologram Cloud Company Profile

WiMi Hologram Cloud Inc is a technology company specializing in the development and delivery of cloud-based holographic augmented reality (AR) solutions. Its core offering is a proprietary holographic cloud platform that integrates advanced computer vision, artificial intelligence and 3D rendering algorithms to power immersive AR experiences. The company’s services span content creation, distribution and deployment, enabling enterprises and developers to integrate holographic effects into applications ranging from live streaming and virtual events to interactive advertising campaigns.

Through its platform, WiMi Hologram Cloud distributes a digital library of holographic assets—such as 3D models, animations and special effects—that can be accessed on demand.