WiMi Hologram Cloud Inc. (WIMI) Shares: Are They Risky Or Cheap?

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) finished Friday with a subtraction of -$0.12 to close at $4.03, a downside of -2.89 percent. An average of 1,053,340 shares of common stock have been traded in the last five days. There was a gain of $0.12 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 1,147,245 shares traded, while the 50-day average volume stands at 2,601,486.

WIMI stock has decreased by 0.00% in the last month. The company shares reached their 1-month lowest point of $3.76 on 10/19/21. With the stock rallying to its 52-week high on 02/16/21, shares of the company touched a low of $3.47 and a high of $12.94 in 52 weeks. It has reached a new high 14 times so far this year and lost -30.03% or -$1.73 in price. In spite of this, the price is down -68.86% from the 52-week high.


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Valuation Metrics

WiMi Hologram Cloud Inc. (WIMI) has a trailing price-to-earnings (P/E) ratio of 19.30 for the broader industry and 30.57 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.93, the price-to-book (PB) ratio at 1.29.

Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. WiMi Hologram Cloud Inc.’s EBITDA margin is -17.93%. Its gross profit as reported stood at $25.97 million compared to revenue of $117.4 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at WiMi Hologram Cloud Inc. (WIMI) price momentum. RSI 9-day as of the close on 22 October was 50.51%, suggesting the stock is Neutral, with historical volatility in this time frame at 52.15%.

As of today, WIMI’s price is $4.05 +3.07% or $0.12 from its 5-day moving average. WIMI is currently trading -0.49% lower than its 20-day SMA and -25.92% lower than its 100-day SMA. However, the stock’s current price level is +0.25% above the SMA50 and -36.03% below the SMA200.

The stochastic %K and %D were 73.76% and 68.58%, respectively, and the average true range (ATR) was 0.19. With the 14-day stochastic at 57.45% and the average true range at 0.22, the RSI (14) stands at 50.01%. The stock has reached 0.11 on the 9-day MACD Oscillator while the 14-day reading was at 0.10.

Analyst Ratings

The Benchmark Company launched coverage on WiMi Hologram Cloud Inc. (NASDAQ: WIMI) in its analyst report released on December 30, 2020. The firm assigned the stock a a Buy rating. The consensus rating for WiMi Hologram Cloud Inc. (WIMI) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WIMI, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is WIMI’s price target for the next 12 months?

Analysts predict a range of price targets between $7.00 and $7.00, with a median target of $7.00. Taking a look at these predictions, the average price target given by analysts for WiMi Hologram Cloud Inc. (WIMI) stock is $7.00.

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