The trading price of Wimi Hologram Cloud Inc ADR (NASDAQ:WIMI) closed higher on Thursday, March 29, closing at $0.91, 6.60% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $1.87 and a 52-week low of $0.56. Over the past month, the stock has lost -19.65% in value.
Wimi Hologram Cloud Inc ADR, whose market valuation is $69.60 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of $0 for 2021 and $0 for 2022.
From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $154 million. The company’s revenue is forecast to grow by 31.20% over what it did in 2021.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Wimi Hologram Cloud Inc ADR No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest WIMI has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that WIMI’s price is currently -15.30% off the SMA20 and -3.81% off the SMA50. The RSI metric on the 14-day chart is currently showing 45.63, and weekly volatility stands at 10.38%. When measured over the past 30 days, the indicator reaches 14.83%. Wimi Hologram Cloud Inc ADR (NASDAQ:WIMI)’s beta value is currently sitting at 1.31, while the Average True Range indicator is currently displaying 0.17.
To see how Wimi Hologram Cloud Inc ADR stock has been performing in comparison to its peers in the industry, here are the numbers: WIMI stock’s performance was 6.60% in the latest trading, and -21.04% in the past year.
An evaluation of the daily trading volume of Wimi Hologram Cloud Inc ADR (NASDAQ:WIMI) indicates that the 3-month average is 3.34 million. However, this figure has increased over the past 10 days to an average of 6.75 million.
Currently, records show that 76.65 million of the company’s shares remain outstanding. The institutions hold 1.14%. The stats also highlight that short interest as of Mar 15, 2024, stood at 1.34 million shares, resulting in a short ratio of 0.24 at that time. From this, we can conclude that short interest is 1.55% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 1.38 million. However, since the stock’s price has seen 12.10% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
