MicroCloud Hologram (NASDAQ:HOLO) Releases Quarterly Earnings Results

MicroCloud Hologram (NASDAQ:HOLO) released its quarterly earnings results on Thursday. The company reported ($0.38) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $15.73 million for the quarter.

MicroCloud Hologram Trading Up 3.3%

MicroCloud Hologram stock opened at $1.89 on Friday. The firm has a market capitalization of $27.53 million, a price-to-earnings ratio of -0.01 and a beta of 2.90. The firm’s fifty day moving average price is $1.61 and its two-hundred day moving average price is $1.86. MicroCloud Hologram has a 1-year low of $1.43 and a 1-year high of $7.08.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of MicroCloud Hologram in a research report on Friday, June 26th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in MicroCloud Hologram in the 4th quarter valued at about $123,000. Virtu Financial LLC bought a new stake in MicroCloud Hologram in the fourth quarter worth $98,000. Quadrature Capital Ltd bought a new position in shares of MicroCloud Hologram in the fourth quarter worth approximately $64,000. Jane Street Group LLC purchased a new position in shares of MicroCloud Hologram in the fourth quarter worth $60,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of MicroCloud Hologram in the third quarter valued at about $70,000. Institutional investors own 2.13% of the company’s stock.

About MicroCloud Hologram

MicroCloud Hologram Inc provides holographic technology services worldwide. It operates in two segments, Holographic Solutions and Holographic Technology Service. Its services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems.