Healthy Upside Potential: WiMi Hologram Cloud Inc. (WIMI)

WiMi Hologram Cloud Inc. (NASDAQ: WIMI) stock jumped 6.11% on Monday to $1.39 against a previous-day closing price of $1.31. With 0.93 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.97 million shares. During the session, the Advertising Agencies company that operates in wider Communication Services sector, reached to the highest price of $1.4100 whereas the lowest price it dropped to was $1.2900. The 52-week range on WIMI shows that it touched its highest point at $3.35 and its lowest point at $0.56 during that stretch. It currently has a 1-year price target of $7.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WIMI was up-trending over the past week, with a rise of 4.51%, but this was up by 67.67% over a month. Three-month performance surged to 19.83% while six-month performance fell -25.27%. The stock lost -55.87% in the past year, while it has gained 87.86% so far this year.

Float and Shares Shorts:

At present, 86.11 million WIMI shares are outstanding with a float of 76.65 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.67 million, which was 1.93% higher than short shares on Sep 14, 2022. In addition to Mr. Jie Zhao as the firm’s Founder & Chairman, Mr. Shuo Shi serves as its Chief Exec. & Operations Officer and Director.

Institutional Ownership:

Through their ownership of 47.45% of WIMI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.34% of WIMI, in contrast to 1.19% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in WIMI with 4.67% of the stake, Fubon Asset Management Co., Ltd. holds 3,582,679 shares worth 3,582,679. A second-largest stockholder of WIMI, Renaissance Technologies LLC, holds 295,000 shares, controlling over 0.39% of the firm’s shares. Alumot Sprint Mutual Funds Manage is the third largest shareholder in WIMI, holding 276,189 shares or 0.36% stake. With a 4.67% stake in WIMI, the Fubon Solactive Metaverse ETF is the largest stakeholder. A total of 3,582,679 shares are owned by the mutual fund manager. The KBN Mnayot Chul, which owns about 0.36% of WIMI stock, is the second-largest Mutual Fund holder. It holds 276,189 shares valued at 0.2 million. Lumyna – MW TOPS UCITS Fund holds 0.13% of the stake in WIMI, owning 96,322 shares worth 71278.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WIMI since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With WIMI analysts setting a high price target of $7.00 and a low target of $7.00, the average target price over the next 12 months is $7.00. Based on these targets, WIMI could surge 403.6% to reach the target high and rise by 403.6% to reach the target low. Reaching the average price target will result in a growth of 403.6% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. WIMI will report FY 2021 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of $0.09 being high and $0.09 being low. For WIMI, this leads to a yearly average estimate of $0.09.

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