MicroCloud Hologram (NASDAQ:HOLO) Sees Strong Trading Volume – Still a Buy?

MicroCloud Hologram Inc. (NASDAQ:HOLO) shares saw strong trading volume on Tuesday . 41,875,913 shares changed hands during trading, an increase of 1,219% from the previous session’s volume of 3,174,418 shares.The stock last traded at $8.95 and had previously closed at $6.41.

MicroCloud Hologram Stock Performance

The firm has a 50 day moving average of $2.37 and a 200-day moving average of $6.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd increased its stake in MicroCloud Hologram by 1,488.2% in the third quarter. XTX Topco Ltd now owns 174,637 shares of the company’s stock valued at $63,000 after acquiring an additional 163,641 shares during the period. Jane Street Group LLC boosted its holdings in MicroCloud Hologram by 336.3% during the third quarter. Jane Street Group LLC now owns 422,656 shares of the company’s stock valued at $152,000 after purchasing an additional 325,785 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of MicroCloud Hologram by 1,122.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 428,000 shares of the company’s stock valued at $351,000 after purchasing an additional 393,000 shares during the period. 2.13% of the stock is owned by institutional investors.

About MicroCloud Hologram

MicroCloud Hologram Inc provides holographic technology services worldwide. It operates in two segments, Holographic Solutions and Holographic Technology Service. Its services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems.