MicroCloud Hologram (NASDAQ:HOLO) Trading Up 3% – Still a Buy?

Shares of MicroCloud Hologram Inc. (NASDAQ:HOLO) shot up 3% during mid-day trading on Friday . The stock traded as high as $3.13 and last traded at $3.05. 791,839 shares traded hands during trading, a decline of 17% from the average session volume of 956,504 shares. The stock had previously closed at $2.96.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of MicroCloud Hologram in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

MicroCloud Hologram Price Performance

The stock has a market capitalization of $44.43 million, a P/E ratio of 0.00 and a beta of 3.23. The stock has a 50 day moving average price of $4.47 and a 200-day moving average price of $4.99.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in MicroCloud Hologram during the 3rd quarter valued at $34,000. Qube Research & Technologies Ltd purchased a new position in shares of MicroCloud Hologram in the third quarter valued at about $70,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of MicroCloud Hologram during the first quarter valued at about $169,000. Finally, Moody National Bank Trust Division bought a new position in shares of MicroCloud Hologram during the third quarter valued at about $345,000. 2.13% of the stock is owned by hedge funds and other institutional investors.

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.