WiMi Hologram Cloud Inc. (WIMI) is priced at $7.60 after the most recent trading session. At the very opening of the session, the stock price was $6.12 and reached a high price of $6.28, prior to closing the session it reached the value of $6.27. The stock touched a low price of $6.08.
Recently in News on January 13, 2021, WiMi Obtains Patent for New 3D Holographic Pulse Laser Processing Device to Further Advance the Application of Holographic Technology in EV Autonomous Driving and Other EV Areas. WiMi Hologram Cloud Inc. (Nasdaq: WIMI) (“WiMi” or the “Company”), a leading Hologram AR Technology provider in China, today announced that it has obtained a patent (the “Patent”) for a three-dimensional (“3D”) holographic pulse laser processing device for optical holography use (the “New Device”). The Patent is a result of WiMi’s independent research and development and will allow the Company to further improve its intellectual property protection system. By unleashing the strengths of its proprietary intellectual property resources and enhancing its innovation mechanisms, WiMi continues to enhance its core competitive advantages to fortify its leadership in the development of new technologies. You can read further details here
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Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, WiMi Hologram Cloud Inc. shares are logging -74.24% during the 52-week period from high price, and 137.14% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $3.20 and $29.50.
The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 26942790 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the WiMi Hologram Cloud Inc. (WIMI) recorded performance in the market was 8.85%, having the revenues showcasing -11.19% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 432.44M, as it employees total of 122 workers.
The Analysts eye on WiMi Hologram Cloud Inc. (WIMI)
During the last month, 0 analysts gave the WiMi Hologram Cloud Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 6.15, with a change in the price was noted -1.10. In a similar fashion, WiMi Hologram Cloud Inc. posted a movement of -13.02% for the period of last 100 days, recording 2,320,260 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for WIMI is recording 0.21 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.04.
Technical rundown of WiMi Hologram Cloud Inc. (WIMI)
Raw Stochastic average of WiMi Hologram Cloud Inc. in the period of last 50 days is set at 68.92%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 67.53%. In the last 20 days, the company’s Stochastic %K was 71.77% and its Stochastic %D was recorded 68.79%.
Considering, the past performance of WiMi Hologram Cloud Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 8.85%. The shares increased approximately by 7.00% in the 7-day charts and went up by 1.95% in the period of the last 30 days. Common stock shares were lifted by -11.19% during last recorded quarter.