Wimi Hologram Cloud Inc ADR (NASDAQ:WIMI) does about 269.68K shares in volume on a normal day but saw 2211796 shares change hands in the recent trading day. The company now has a market cap of 90.79M USD. Its current market price is $1.03, marking an increase of 8.42% compared to the previous close of $0.95. The 52 week high reached by this stock is $1.87 whilst the lowest price level in 52 weeks is $0.56.
Wimi Hologram Cloud Inc ADR (WIMI) has a 20-day trading average at $0.8215 and the current price is -44.92% off the 52-week high compared with 83.93% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.8038 and its 200-day simple moving average is $0.8584. If we look at the stock’s price movements over the week, volatility stands at 6.82%, which decreases to 6.13% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 70.65 to suggest the stock is overbought.
The consensus objective for the share price is $7.00, suggesting that the stock has a potential upside of 85.29% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 30, 2020 when The Benchmark Company initiated the stock to “Buy” and issued a price target of $8.
The current price level is 27.26%, 28.64%, and 20.23% away from its SMA20, SMA50, and SMA200 respectively, with the WIMI price moving below the 50-day SMA on current market day. Wimi Hologram Cloud Inc ADR (WIMI) stock is up 27.25% over the week and 30.38% over the past month. Its price is 27.16% year-to-date and 43.25% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 85.29 percent from here.
Outstanding shares total 88.15M with insiders holding 0.00% of the shares and institutional holders owning 1.05% of the company’s common stock. The company has a return on investment of -52.32% and return on equity of -45.22%. The beta has a value of 1.23. Price to book ratio is 0.95 and price to sales ratio is 1.10.
