MicroCloud Hologram (NASDAQ:HOLO) Trading Down 6.5% – What’s Next?

MicroCloud Hologram Inc. (NASDAQ:HOLO) shares were down 6.5% on Tuesday . The stock traded as low as $6.89 and last traded at $7.00. Approximately 1,464,219 shares traded hands during trading, an increase of 240% from the average daily volume of 430,751 shares. The stock had previously closed at $7.49.

MicroCloud Hologram Stock Performance

The business’s 50 day moving average is $22.62 and its two-hundred day moving average is $60.95.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in MicroCloud Hologram during the first quarter worth approximately $169,000. SBI Securities Co. Ltd. grew its position in shares of MicroCloud Hologram by 52.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 71,858 shares of the company’s stock worth $59,000 after buying an additional 24,852 shares during the period. Virtu Financial LLC bought a new stake in shares of MicroCloud Hologram in the 4th quarter valued at $53,000. Bravias Capital Group LLC bought a new stake in shares of MicroCloud Hologram in the 4th quarter valued at $162,000. Finally, Jane Street Group LLC lifted its position in shares of MicroCloud Hologram by 336.3% during the 3rd quarter. Jane Street Group LLC now owns 422,656 shares of the company’s stock valued at $152,000 after acquiring an additional 325,785 shares during the period. 2.13% of the stock is owned by 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.