WiMi Hologram Cloud (NASDAQ:WIMI) Stock Price Down 2.3% – What’s Next?

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) traded down 2.3% during mid-day trading on Tuesday . The stock traded as low as $3.84 and last traded at $3.85. 89,778 shares traded hands during trading, a decline of 78% from the average session volume of 411,709 shares. The stock had previously closed at $3.94.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of WiMi Hologram Cloud in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

WiMi Hologram Cloud Price Performance

The firm has a 50-day moving average price of $4.24 and a two-hundred day moving average price of $3.94.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in WiMi Hologram Cloud stock. Jump Financial LLC bought a new stake in WiMi Hologram Cloud Inc. (NASDAQ:WIMI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 39,512 shares of the company’s stock, valued at approximately $109,000. Jump Financial LLC owned 0.40% of WiMi Hologram Cloud as of its most recent filing with the Securities and Exchange Commission (SEC). 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.