Wimi Hologram Cloud Inc [NASDAQ: WIMI] gained 16.26% or 0.66 points to close at $4.72 with a heavy trading volume of 12351956 shares.
The daily chart for WIMI points out that the company has recorded -48.84% loss over the past six months.
If we look at the average trading volume of 533.06K shares, WIMI reached to a volume of 12351956 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Wimi Hologram Cloud Inc [WIMI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WIMI shares is $70.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WIMI stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
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 1.43, with the Price to Sales ratio for WIMI stock in the period of the last 12 months amounting to 10.96. The Price to Book ratio for the last quarter was 8.98, with the Price to Cash per share for the same quarter was set at 0.81. Price to Free Cash Flow for WIMI in the course of the last twelve months was 38.20 with Quick ratio for the last quarter at 2.35.
Trading performance analysis for WIMI stock
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 -22.09. With this latest performance, WIMI shares dropped by -36.22% in over the last four-week period, additionally sinking by -48.84% over the last 6 months – not to mention a drop of -25.43% in the past year of trading.
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 37.09, with the RSI for the last a single of trading hit 25.15, and the three-weeks RSI is set at 32.46 for Wimi Hologram Cloud Inc [WIMI]. The present Moving Average for the last 50 days of trading for this stock 14.55, while it was recorded at 5.00 for the last single week of trading, and 17.57 for the last 200 days.
Wimi Hologram Cloud Inc [WIMI]: A deeper dive into fundamental analysis
Wimi Hologram Cloud Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.35 and a Current Ratio set at 2.35.
An analysis of Institutional ownership at Wimi Hologram Cloud Inc [WIMI]
There are presently around $1.10%, or 1.10%% of WIMI stock, in the hands of institutional investors. The top three institutional holders of WIMI stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 0.34 million shares, which is approximately 0.3909%. MORGAN STANLEY, holding 66559.0 shares of the stock with an approximate value of $$55970.0 in WIMI stocks shares; and MORGAN STANLEY, currently with $$45325.0 in WIMI stock with ownership which is approximately 0.0618%.
