WiMi Hologram Cloud (NASDAQ:WIMI – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.05, reports. The company had revenue of $10.07 million during the quarter, compared to the consensus estimate of $123.50 million.
WiMi Hologram Cloud Trading Up 1.0%
Shares of WiMi Hologram Cloud stock opened at $1.03 on Thursday. The firm’s 50-day moving average is $1.26 and its two-hundred day moving average is $1.56. WiMi Hologram Cloud has a 1 year low of $1.00 and a 1 year high of $5.65.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on WIMI shares. Wall Street Zen upgraded shares of WiMi Hologram Cloud to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WiMi Hologram Cloud in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.
WiMi Hologram Cloud Company Profile
WiMi Hologram Cloud Inc is a technology company specializing in the development and delivery of cloud-based holographic augmented reality (AR) solutions. Its core offering is a proprietary holographic cloud platform that integrates advanced computer vision, artificial intelligence and 3D rendering algorithms to power immersive AR experiences. The company’s services span content creation, distribution and deployment, enabling enterprises and developers to integrate holographic effects into applications ranging from live streaming and virtual events to interactive advertising campaigns.
Through its platform, WiMi Hologram Cloud distributes a digital library of holographic assets—such as 3D models, animations and special effects—that can be accessed on demand.
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