Wimi Hologram Cloud Inc ADR (WIMI): The stock short term indicators scream Buy today

Wimi Hologram Cloud Inc ADR (WIMI) saw an uptrend of 15.18% in the recent trading with $1.29 being its most recent. The current price level -31.02% lower than the highest price of $1.87 marked by the stock while trading over the past 52-weeks, whereas it is 113.22% higher than the lowest price of $0.61 the company dropped to over past 52-weeks. The latest news story on WIMI appeared in (Benzinga) under the title “WiMi Develops Quantum Technology-Based QRAM Architecture, Shares Surge”.

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Squeezing the time span to 30 day period shows us the stock is currently trading -14.00% below one month high and is +68.45% above of the lowest during that time. Looking into the simple moving average, Wimi Hologram Cloud Inc ADR (WIMI)’s stock stands at a SMA-50 of $0.8779 while that of 5-day is reading $1.1337.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and WIMI’s SMA-200 as of now is $0.8695.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.00 for the stock.

Wimi Hologram Cloud Inc ADR Earnings – What Happened With WIMI

Coming around sales and income figures on WIMI Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

WIMI – Wimi Hologram Cloud Inc ADR Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 88.15 million. WIMI does have institutional investors; and they hold 1.19% of the stock.

Wimi Hologram Cloud Inc ADR – Insider Activity and Holdings

As on 2024-06-30, RENAISSANCE TECHNOLOGIES LLC was the top most holder in Wimi Hologram Cloud Inc ADR (NASDAQ:WIMI) with an ownership of 0.34 million shares of the company or 0.3909 of the stake worth $0.29 million. The filing also reveals MORGAN STANLEY as the second largest holder in the company with a control over 0.0763 of the outstanding shares. Its stake is worth $55970.0 for having 66559.0 shares in hand.

Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.00 for the stock.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Wimi Hologram Cloud Inc ADR has a debt to equity ratio of 0.25.

Technical Analysis of Wimi Hologram Cloud Inc ADR (NASDAQ:WIMI) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Wimi Hologram Cloud Inc ADR (WIMI), we notice that the stock’s 20-day average volume is at 5,716,365 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 2,405,896 shares. And to end, WIMI’s 100-day average volume is 1,387,182 shares with 50% of the long-term indicators pointing towards Buy for the stock.