WiMi Hologram Cloud (NASDAQ:WIMI) Trading Up 3.2% – Time to Buy?

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) shares traded up 3.2% on Monday . The stock traded as high as $2.94 and last traded at $2.89. 65,947 shares were traded during mid-day trading, a decline of 48% from the average session volume of 128,043 shares. The stock had previously closed at $2.80.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of WiMi Hologram Cloud in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, WiMi Hologram Cloud currently has an average rating of “Sell”.

WiMi Hologram Cloud Price Performance

The business’s 50-day moving average price is $3.94 and its two-hundred day moving average price is $3.65.

Institutional Trading of WiMi Hologram Cloud

A hedge fund recently bought a new stake in WiMi Hologram Cloud stock. Jump Financial LLC purchased a new stake in WiMi Hologram Cloud Inc. (NASDAQ:WIMI) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 39,512 shares of the company’s stock, valued at approximately $109,000. Jump Financial LLC owned approximately 0.40% of WiMi Hologram Cloud as of its most recent SEC filing. Institutional investors and hedge funds own 0.96% of the company’s stock.

About WiMi Hologram Cloud

WiMi Hologram Cloud Inc provides augmented reality (AR) based holographic services and products in China. It operates in three segments: AR Advertising Services, AR Entertainment, and Semiconductor Related Products and Services. The company primarily offers holographic AR advertising services and holographic AR entertainment products.