What should you know before buying stock in Wimi Hologram Cloud Inc ADR (WIMI)

Wimi Hologram Cloud Inc ADR (NASDAQ: WIMI) is -24.86% lower on its value in year-to-date trading and has touched a low of $0.61 and a high of $2.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WIMI stock was last observed hovering at around $1.61 in the last trading session, with the day’s loss setting it -0.22%.

Currently trading at $1.39, the stock is 12.55% and 39.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.45 million and changing -13.66% at the moment leaves the stock 56.27% off its SMA200. WIMI registered 70.13% gain for a year compared to 6-month loss of 54.46%. The firm has a 50-day simple moving average (SMA 50) of $0.98386 and a 200-day simple moving average (SMA200) of $0.88701.

The stock witnessed a 73.75% gain in the last 1 month and extending the period to 3 months gives it a 26.36%, and is -39.30% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 37.38% over the week and 24.90% over the month.

Wimi Hologram Cloud Inc ADR (WIMI) has around 107 employees, a market worth around $122.53M and $84.60M in sales. Profit margin for the company is -67.17%. Distance from 52-week low is 129.75% and -52.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-53.60%).

Wimi Hologram Cloud Inc ADR (WIMI) Top Institutional Holders

The shares outstanding are 88.15M, and float is at 76.65M with Short Float at 0.36%.

The top institutional shareholder in the company is RENAISSANCE TECHNOLOGIES LLC with over 0.34 million shares valued at $0.29 million. The investor’s holdings represent 0.3909% of the WIMI Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 66559.0 shares valued at $$55970.0 to account for 0.0763 of the shares outstanding. The other top investors are XTX TOPCO LTD which holds 53901.0 shares representing 0.0618% and valued at over $45325.0, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 0.0506 of the shares totaling 44100.0 with a market value of $37044.0.