MicroCloud Hologram (NASDAQ:HOLO) Shares Down 7.5% – Here’s Why

MicroCloud Hologram Inc. (NASDAQ:HOLO)’s stock price was down 7.5% during trading on Monday . The stock traded as low as $2.93 and last traded at $2.94. Approximately 672,608 shares traded hands during trading, an increase of 33% from the average daily volume of 505,880 shares. The stock had previously closed at $3.18.

Analyst Upgrades and Downgrades

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

MicroCloud Hologram Stock Performance

The company has a market capitalization of $42.84 million, a price-to-earnings ratio of 0.00 and a beta of 3.25. The company has a 50-day moving average price of $3.88 and a 200-day moving average price of $4.59.

Institutional Investors Weigh In On MicroCloud Hologram

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in shares of MicroCloud Hologram in the third quarter valued at approximately $34,000. Qube Research & Technologies Ltd acquired a new position in MicroCloud Hologram during the third quarter worth $70,000. Finally, Moody National Bank Trust Division bought a new position in MicroCloud Hologram in the third quarter valued at $345,000. Institutional investors 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.