MicroCloud Hologram (NASDAQ:HOLO) Stock Price Down 4.9% – Here’s Why

MicroCloud Hologram Inc. (NASDAQ:HOLO) shares dropped 4.9% on Friday . The company traded as low as $2.12 and last traded at $2.14. Approximately 240,839 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 453,383 shares. The stock had previously closed at $2.25.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MicroCloud Hologram in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

MicroCloud Hologram Trading Down 4.9%

The business’s fifty day moving average price is $2.56 and its 200 day moving average price is $3.67. The firm has a market capitalization of $31.18 million, a price-to-earnings ratio of 0.00 and a beta of 3.27.

Hedge Funds Weigh In On MicroCloud Hologram

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