MicroCloud Hologram (NASDAQ:HOLO) Shares Up 3.4% – Time to Buy?

Shares of MicroCloud Hologram Inc. (NASDAQ:HOLO) traded up 3.4% during trading on Wednesday . The company traded as high as $5.22 and last traded at $4.93. 2,323,203 shares changed hands during trading, an increase of 116% from the average session volume of 1,076,260 shares. The stock had previously closed at $4.77.

MicroCloud Hologram Price Performance

The firm has a 50-day moving average of $7.12 and a two-hundred day moving average of $41.70.

Institutional Investors Weigh In On MicroCloud Hologram

Several institutional investors and hedge funds have recently added to or reduced their stakes in HOLO. Bravias Capital Group LLC acquired a new position in shares of MicroCloud Hologram in the 4th quarter valued at about $162,000. SBI Securities Co. Ltd. acquired a new stake in MicroCloud Hologram during the 4th quarter worth approximately $232,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in MicroCloud Hologram in the first quarter valued at approximately $169,000. Finally, Virtu Financial LLC purchased a new position in MicroCloud Hologram in the fourth quarter valued at approximately $53,000. 2.13% of the stock is currently owned by institutional investors and hedge funds.

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.