WiMi Hologram Cloud Inc. [NASDAQ: WIMI] slipped around -1.08 points on Wednesday, while shares priced at $10.77 at the close of the session, down -9.11%. The company report on February 5, 2021 that WiMi Announces Release of EV Holographic AR Application Product “WiMi HoloAR HUD”.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) (“WiMi” or the “Company”), a leading Hologram Augmented Reality (“AR”) Technology provider in China, announced the launch of its new electric vehicle (“EV”) holographic AR application product “WiMi HoloAR HUD”, further expanding the Company’s suite of holographic product offerings.
Due to the rapid development of EVs and autonomous driving vehicles, there has been a rise in demand from both automobile companies and consumers for holographic AR technology applications. AR heads up display (“AR-HUD”) technology is one of the technical solutions capable of offering an interactive experience for multiple forms of information delivery. Consequently, many companies are now strongly requesting AR-HUD technology, and AR-HUD technology will become a core component in the fields of autonomous driving and EVs going forward.
WiMi Hologram Cloud Inc. stock is now 86.98% up from its year-to-date (YTD) trading value. WIMI Stock saw the intraday high of $11.39 and lowest of $10.245 per share. The company’s 52-week high price is 29.50, which means current price is +94.99% above from all time high which was touched on 02/16/21.
Compared to the average trading volume of 3.96M shares, WIMI reached a trading volume of 5969932 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about WiMi Hologram Cloud Inc. [WIMI]?
The Benchmark Company have made an estimate for WiMi Hologram Cloud Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 30, 2020. The new note on the price target was released on July 13, 2020, representing the official price target for WiMi Hologram Cloud Inc. stock.
The Average True Range (ATR) for WiMi Hologram Cloud Inc. is set at 1.26, with the Price to Sales ratio for WIMI stock in the period of the last 12 months amounting to 13.59. Price to Free Cash Flow for WIMI in the course of the last twelve months was 30.17 with Quick ratio for the last quarter at 1.50.
How has WIMI stock performed recently?
WiMi Hologram Cloud Inc. [WIMI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.27. With this latest performance, WIMI shares gained by 70.14% in over the last four-week period, additionally plugging by 38.61% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WIMI stock in for the last two-week period is set at 61.21, with the RSI for the last a single of trading hit 59.31, and the three-weeks RSI is set at 61.67 for WiMi Hologram Cloud Inc. [WIMI]. The present Moving Average for the last 50 days of trading for this stock 7.51, while it was recorded at 10.91 for the last single week of trading, and 6.63 for the last 200 days.
WiMi Hologram Cloud Inc. [WIMI]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and WiMi Hologram Cloud Inc. [WIMI] shares currently have an operating margin of +35.62 and a Gross Margin at +54.21. WiMi Hologram Cloud Inc.’s Net Margin is presently recorded at +32.02.
Return on Total Capital for WIMI is now 21.32, given the latest momentum, and Return on Invested Capital for the company is 20.52. Return on Equity for this stock inclined to 27.61, with Return on Assets sitting at 17.47. When it comes to the capital structure of this company, WiMi Hologram Cloud Inc. [WIMI] has a Total Debt to Total Equity ratio set at 20.59. Additionally, WIMI Total Debt to Total Capital is recorded at 17.07, with Total Debt to Total Assets ending up at 15.44. Long-Term Debt to Equity for the company is recorded at 3.79, with the Long-Term Debt to Total Capital now at 3.15.
Reflecting on the efficiency of the workforce at the company, WiMi Hologram Cloud Inc. [WIMI] managed to generate an average of $100,620 per employee. Receivables Turnover for the company is 7.70 with a Total Asset Turnover recorded at a value of 0.55.WiMi Hologram Cloud Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.
Insider trade positions for WiMi Hologram Cloud Inc. [WIMI]
19 institutional holders increased their position in WiMi Hologram Cloud Inc. [NASDAQ:WIMI] by around 503,434 shares. Additionally, 8 investors decreased positions by around 161,523 shares, while 2 investors held positions by with 345,630 shares. The mentioned changes placed institutional holdings at 1,010,587 shares, according to the latest SEC report filing. WIMI stock had 12 new institutional investments in for a total of 270,318 shares, while 4 institutional investors sold positions of 90,663 shares during the same period.