MicroCloud Hologram (NASDAQ:HOLO) Shares Gap Up – Should You Buy?

MicroCloud Hologram Inc. (NASDAQ:HOLO)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $2.40, but opened at $4.51. MicroCloud Hologram shares last traded at $6.90, with a volume of 185,392,279 shares traded.

MicroCloud Hologram Price Performance

The stock has a fifty day moving average price of $2.31 and a 200 day moving average price of $7.26.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its stake in MicroCloud Hologram by 1,122.9% during the second quarter. Commonwealth Equity Services LLC now owns 428,000 shares of the company’s stock valued at $351,000 after acquiring an additional 393,000 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of MicroCloud Hologram by 336.3% in the third quarter. Jane Street Group LLC now owns 422,656 shares of the company’s stock worth $152,000 after purchasing an additional 325,785 shares during the period. Finally, XTX Topco Ltd boosted its stake in MicroCloud Hologram by 1,488.2% during the third quarter. XTX Topco Ltd now owns 174,637 shares of the company’s stock valued at $63,000 after buying an additional 163,641 shares during the period. Hedge funds and other institutional investors own 2.13% of the company’s stock.

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.