MicroCloud Hologram (NASDAQ:HOLO) Shares Up 3% – Time to Buy?

MicroCloud Hologram Inc. (NASDAQ:HOLO)’s share price shot up 3% during trading on Friday . The stock traded as high as $3.13 and last traded at $3.05. 791,839 shares traded hands during trading, a decline of 17% from the average session volume of 956,504 shares. The stock had previously closed at $2.96.

Analysts Set New Price Targets

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

MicroCloud Hologram Stock Up 3.0%

The company’s 50-day moving average is $4.47 and its two-hundred day moving average is $5.01. The company has a market cap of $44.44 million, a P/E ratio of 0.00 and a beta of 3.23.

Institutional Investors Weigh In On MicroCloud Hologram

Several large investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in MicroCloud Hologram in the first quarter valued at approximately $169,000. Qube Research & Technologies Ltd bought a new stake in shares of MicroCloud Hologram in the third quarter valued at $70,000. JPMorgan Chase & Co. purchased a new position in shares of MicroCloud Hologram during the 3rd quarter valued at $34,000. Finally, Moody National Bank Trust Division bought a new position in shares of MicroCloud Hologram during the 3rd quarter worth $345,000. Hedge funds and other institutional investors own 2.13% of the company’s stock.

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.