WiMi Hologram Cloud (NASDAQ:WIMI) Announces Earnings Results

WiMi Hologram Cloud (NASDAQ:WIMI) posted its earnings results on Friday. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $2.04, FiscalAI reports. The company had revenue of $17.04 million during the quarter, compared to analyst estimates of $123.28 million.

WiMi Hologram Cloud Stock Down 0.1%

Shares of WIMI traded down $0.00 during mid-day trading on Friday, hitting $1.78. 17,893,817 shares of the company’s stock were exchanged, compared to its average volume of 337,227. WiMi Hologram Cloud has a fifty-two week low of $1.56 and a fifty-two week high of $5.71. The stock’s 50-day moving average is $1.86 and its 200-day moving average is $2.63.

Institutional Trading of WiMi Hologram Cloud

A hedge fund recently bought a new stake in WiMi Hologram Cloud stock. XTX Topco Ltd purchased a new position in shares of WiMi Hologram Cloud Inc. (NASDAQ:WIMI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,569 shares of the company’s stock, valued at approximately $72,000. XTX Topco Ltd owned approximately 0.31% of WiMi Hologram Cloud as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

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

About WiMi Hologram Cloud

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.