WiMi Hologram Cloud, Inc (WIMI) – Brief Overview
Summary
Stock Price: $0.73
Market Cap: 55.95M
52-week Range: $0.56 – $4.12
Avg. Volume: 413,518
(As of November 30th 2022)
Introduction
I’ve been doing some research on secure investments during a bear market and came across WiMi Hologram Cloud, Inc.(NASDAQ:WIMI). They offers augmented reality based holographic services and products. Their commercial operations began in 2015, is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies. The company is headquartered in Beijing, China.
Highlights
1.) Check out their price chart on Yahoo Finance. Every single time frame is in the green! The price was down a lot through this bear market which is what really captured my attention in the first place. I believe Chinese companies in the US markets have much more potential for growth.
2.) The company recently unveil several patents that looks promising in the coming years. These brilliant technologies were exciting! Really puts it into perspective just how well WiMi Hologram Cloud is preforming.
3.) Insiders acquired a lot of shares earlier this year. Nothing screams confidence like insiders loading up!
4.) The company has generated tons of exposure this year by publishing multiple articles to display their gadgets.
Recent News
WiMi Built the Next Generation of XR to Enter the Business Market As the Metaverse Continues to Grow
https://www.nasdaq.com/press-release/wimi-built-the-next-generation-of-xr-to-enter-the-business-market-as-the-metaverse
WiMi Hologram Cloud Joins the Information Technology Innovation Committee of China Communications Industry Association
https://www.nasdaq.com/press-release/wimi-hologram-cloud-joins-the-information-technology-innovation-committee-of-china
WiMi HoloVR Approved by the Federal Communications Commission to Enter the U.S. Market
https://www.nasdaq.com/press-release/wimi-holovr-approved-by-the-federal-communications-commission-to-enter-the-u.s.
WIMI obtained the US trademark registration certificate to expand the US market
https://www.nasdaq.com/press-release/wimi-obtained-the-us-trademark-registration-certificate-to-expand-the-us-market-2022
Conclusion
Its evident through my DD that WiMi Hologram Cloud is on the rise. The progress made by the company this year is impressive to say the least. They have a 1-year share price estimate of 7.00 and I am confident they’ll get there. What do you guys think? Any other bullish sentiment out there for WiMi Hologram Cloud?
Disclaimer: This is not financial advice, always do your due diligence.
