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WiMi Hologram Cloud (NASDAQ:WIMI) Shares Down 1.2%

Financial News Live ·  Dec 24, 2022 09:11

WiMi Hologram Cloud Inc. (NASDAQ:WIMI – Get Rating)'s share price dropped 1.2% during trading on Thursday . The company traded as low as $0.84 and last traded at $0.85. Approximately 307,458 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 882,379 shares. The stock had previously closed at $0.86.

WiMi Hologram Cloud Stock Performance

The business's fifty day moving average price is $0.89 and its 200 day moving average price is $1.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.51 and a quick ratio of 6.48.

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Hedge Funds Weigh In On WiMi Hologram Cloud

A number of institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC increased its holdings in shares of WiMi Hologram Cloud by 883.6% in the 2nd quarter. Renaissance Technologies LLC now owns 330,504 shares of the company's stock valued at $717,000 after acquiring an additional 296,904 shares during the period. ProShare Advisors LLC increased its stake in WiMi Hologram Cloud by 11.6% in the 3rd quarter. ProShare Advisors LLC now owns 134,183 shares of the company's stock valued at $207,000 after buying an additional 13,975 shares during the period. Commonwealth Equity Services LLC increased its stake in WiMi Hologram Cloud by 32.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 93,550 shares of the company's stock valued at $249,000 after buying an additional 22,950 shares during the period. Invesco Ltd. increased its stake in WiMi Hologram Cloud by 58.9% in the 1st quarter. Invesco Ltd. now owns 68,482 shares of the company's stock valued at $183,000 after buying an additional 25,392 shares during the period. Finally, SG Americas Securities LLC acquired a new position in WiMi Hologram Cloud in the 2nd quarter valued at $96,000. 1.15% of the stock is owned by institutional investors and hedge funds.

About WiMi Hologram Cloud

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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.

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