MicroCloud Hologram (NASDAQ:HOLO) Stock Price Down 7.5% – Time to Sell?

MicroCloud Hologram Inc. (NASDAQ:HOLO) traded down 7.5% on Monday . The stock traded as low as $2.93 and last traded at $2.94. 672,608 shares traded hands during mid-day trading, an increase of 33% from the average session volume of 505,880 shares. The stock had previously closed at $3.18.

Analyst Upgrades and Downgrades

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

MicroCloud Hologram Trading Down 7.5%

The stock has a market cap of $42.84 million, a price-to-earnings ratio of 0.00 and a beta of 3.25. The company has a fifty day simple moving average of $3.88 and a 200-day simple moving average of $4.59.

Hedge Funds Weigh In On MicroCloud Hologram

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in MicroCloud Hologram during the third quarter valued at approximately $34,000. Qube Research & Technologies Ltd bought a new stake in shares of MicroCloud Hologram during the 3rd quarter worth $70,000. Finally, Moody National Bank Trust Division acquired a new position in MicroCloud Hologram in the 3rd quarter valued at $345,000. 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.