MicroCloud Hologram (NASDAQ:HOLO) Trading Up 2.8% – Still a Buy?

MicroCloud Hologram Inc. (NASDAQ:HOLO)’s share price shot up 2.8% during trading on Friday . The stock traded as high as $1.94 and last traded at $1.82. Approximately 1,875,884 shares were traded during trading, an increase of 638% from the average daily volume of 254,310 shares. The stock had previously closed at $1.77.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of MicroCloud Hologram in a research report on Friday, June 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

MicroCloud Hologram Stock Performance

The firm has a market capitalization of $26.52 million, a PE ratio of -0.01 and a beta of 2.90. The stock has a fifty day moving average price of $1.60 and a 200-day moving average price of $1.87.

Hedge Funds Weigh In On MicroCloud Hologram

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in MicroCloud Hologram in the third quarter worth about $34,000. Qube Research & Technologies Ltd acquired a new position in MicroCloud Hologram during the 3rd quarter valued at about $70,000. Jane Street Group LLC acquired a new position in MicroCloud Hologram during the 4th quarter valued at about $60,000. Quadrature Capital Ltd purchased a new stake in shares of MicroCloud Hologram during the fourth quarter worth about $64,000. Finally, Virtu Financial LLC acquired a new position in shares of MicroCloud Hologram during the fourth quarter valued at about $98,000. Hedge funds and other institutional investors own 2.13% of the company’s stock.

MicroCloud Hologram Company Profile

MicroCloud Hologram Inc provides holographic technology services worldwide. It operates in two segments, Holographic Solutions and Holographic Technology Service. Its services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems.