MicroCloud Hologram (NASDAQ:HOLO) Stock Price Up 24.1% – Still a Buy?

MicroCloud Hologram Inc. (NASDAQ:HOLO)’s share price shot up 24.1% during trading on Thursday . The stock traded as high as $6.60 and last traded at $6.12. 30,896,721 shares changed hands during trading, an increase of 735% from the average session volume of 3,700,983 shares. The stock had previously closed at $4.93.

MicroCloud Hologram Trading Up 16.4 %

The stock has a fifty day moving average of $2.37 and a two-hundred day moving average of $6.94.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC grew its holdings in shares of MicroCloud Hologram by 1,122.9% during 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 last quarter. Jane Street Group LLC grew its stake in shares of 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 buying an additional 325,785 shares during the last quarter. Finally, XTX Topco Ltd increased its holdings in shares of MicroCloud Hologram by 1,488.2% in the third quarter. XTX Topco Ltd now owns 174,637 shares of the company’s stock worth $63,000 after buying an additional 163,641 shares during the period. 2.13% of the stock is owned by hedge funds and other institutional investors.

MicroCloud Hologram Company Profile

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.