MicroCloud Hologram (NASDAQ:HOLO) Stock Rating Lowered by Wall Street Zen

MicroCloud Hologram (NASDAQ:HOLO) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

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 company presently has an average rating of “Sell”.

MicroCloud Hologram Stock Performance

Shares of HOLO opened at $1.76 on Friday. MicroCloud Hologram has a fifty-two week low of $1.43 and a fifty-two week high of $7.08. The business has a 50-day moving average of $1.61 and a 200 day moving average of $1.85. The firm has a market cap of $25.71 million, a P/E ratio of -0.01 and a beta of 2.90.

MicroCloud Hologram (NASDAQ:HOLO) last issued its earnings results on Thursday, August 27th. The company reported ($0.38) earnings per share for the quarter. The business had revenue of $15.73 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HOLO. JPMorgan Chase & Co. bought a new stake in MicroCloud Hologram during the third quarter valued at approximately $34,000. Qube Research & Technologies Ltd purchased a new position in MicroCloud Hologram in the 3rd quarter worth approximately $70,000. Jane Street Group LLC bought a new position in shares of MicroCloud Hologram in the 4th quarter worth $60,000. Quadrature Capital Ltd bought a new position in shares of MicroCloud Hologram in the 4th quarter worth $64,000. Finally, Virtu Financial LLC purchased a new stake in shares of MicroCloud Hologram during the 4th quarter valued at $98,000. Institutional investors own 2.13% of the company’s stock.

About MicroCloud Hologram

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.