Wimi Hologram Cloud Inc ADR (NASDAQ:WIMI) does about 2.06M shares in volume on a normal day but saw 128457826 shares change hands in the recent trading day. The company now has a market cap of 201.86M USD. Its current market price is $2.29, marking an increase of 77.52% compared to the previous close of $1.29. The 52 week high reached by this stock is $1.87 whilst the lowest price level in 52 weeks is $0.61.
Wimi Hologram Cloud Inc ADR (WIMI) has a 20-day trading average at $1.00 and the current price is 22.46% off the 52-week high compared with 278.51% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.91 and its 200-day simple moving average is $0.88. If we look at the stock’s price movements over the week, volatility stands at 31.73%, which decreases to 17.70% 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 86.92 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 67.29% 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 130.03%, 153.03%, and 161.58% 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 129.30% over the week and 188.89% over the past month. Its price is 182.72% year-to-date and 172.62% 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 67.29 percent from here.
Outstanding shares total 88.15M with insiders holding 0.00% of the shares and institutional holders owning 0.92% of the company’s common stock. The company has a return on investment of -53.60% and return on equity of -45.22%. The beta has a value of 1.18. Price to book ratio is 2.18 and price to sales ratio is 2.39.
