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MicroCloud Hologram (NASDAQ:HOLO) Stock Price Up 3.3% - Time to Buy?

MicroCloud Hologram logo with Business Services background

Key Points

  • MicroCloud Hologram's stock price increased by 3.3%, closing at $5.61 after reaching a high of $5.82 on Thursday.
  • Trading volume surged by 24%, with approximately 2,013,561 shares changing hands compared to the average daily volume.
  • A hedge fund, SBI Securities Co. Ltd., raised its stake in MicroCloud Hologram by 52.9%, now holding 5.27% of the company’s stock.
  • Five stocks we like better than MicroCloud Hologram.

MicroCloud Hologram Inc. (NASDAQ:HOLO - Get Free Report) rose 3.3% on Thursday . The stock traded as high as $5.82 and last traded at $5.61. Approximately 2,013,561 shares traded hands during trading, an increase of 24% from the average daily volume of 1,623,628 shares. The stock had previously closed at $5.43.

MicroCloud Hologram Stock Performance

The company has a 50-day moving average of $4.88 and a two-hundred day moving average of $11.69.

Institutional Investors Weigh In On MicroCloud Hologram

An institutional investor recently raised its position in MicroCloud Hologram stock. SBI Securities Co. Ltd. grew its position in shares of MicroCloud Hologram Inc. (NASDAQ:HOLO - Free Report) by 52.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,858 shares of the company's stock after acquiring an additional 24,852 shares during the quarter. SBI Securities Co. Ltd. owned about 5.27% of MicroCloud Hologram worth $59,000 at the end of the most recent quarter. Institutional investors own 2.13% of the company's stock.

MicroCloud Hologram Company Profile

(Get Free Report)

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.

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