MicroCloud Hologram (NASDAQ:HOLO) Issues Quarterly Earnings Results

MicroCloud Hologram (NASDAQ:HOLO) announced its earnings results on Thursday. The company reported ($0.38) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $15.73 million during the quarter.

MicroCloud Hologram Trading Down 3.7%

Shares of HOLO stock opened at $1.83 on Thursday. The stock has a 50 day simple moving average of $1.61 and a 200-day simple moving average of $1.86. The company has a market cap of $26.66 million, a price-to-earnings ratio of -0.01 and a beta of 2.90. MicroCloud Hologram has a 12-month low of $1.43 and a 12-month high of $7.08.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of MicroCloud Hologram in a research report on Friday, June 26th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

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

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.