The stock price of MicroCloud Hologram Inc (NASDAQ: HOLO) has plunged by -7.02 when compared to previous closing price of 2.42, but the company has seen a -24.75% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-02 that SHENZHEN, China, Oct. 2, 2024 /PRNewswire/ — MicroCloud Hologram Inc. (NASDAQ: HOLO), (the “Company”), today announced that its 2024 Annual General Meeting of the Shareholders (the “AGM”) was duly held on September 27, 2024, at the Company’s headquarters in Shenzhen, China. At the AGM, the following proposals were approved and adopted: THAT every 20 issued and unissued ordinary shares of a nominal or par value of US$0.001 each in the capital of the Company (the “Ordinary Shares”) be consolidated into one (1) share of a nominal or par value of US$0.02 each, and such Consolidated Shares shall rank pari passu in all respects with each other in accordance with the Company’s currently effective memorandum and articles of association (the “Share Consolidation”) such that following the Share Consolidation the authorized share capital of the Company will be changed FROM US$500,000 divided into 500,000,000 shares of a nominal or par value of US$0.001 each TO US$500,000 divided into 25,000,000 shares of a nominal or par value of US$0.02 each (the “Consolidated Ordinary Shares”) To consider and vote upon an ordinary resolution to increase the Company’s share capital after the Share Consolidation: THAT conditional upon and effective immediately following the Share Consolidation, increase the authorized share capital of the Company FROM US$500,000 divided into 25,000,000 Consolidated Ordinary Shares, TO US$10,000,000 divided into 500,000,000 Consolidated Ordinary Shares (” Share Capital Increase “), by the creation of an additional 475,000,000 Consolidated Ordinary Shares To consider and vote upon a special resolution to delete the existing Article 15.6 of the Company’s currently effective Amended and Restated Memorandum and Articles of Association (the “Current M&A”) in its entirety and the substitution therefor the following: “An appointment of a director may be on terms that the director shall automatically retire from office (unless he has sooner vacated office) at the next or a subsequent annual general meeting or upon any specified event or after any specified period in a written agreement between the Company and the director, if any; but no such term shall be implied in the absence of express provision.
Is It Worth Investing in MicroCloud Hologram Inc (NASDAQ: HOLO) Right Now?
Additionally, the 36-month beta value for HOLO is 4.44.
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The public float for HOLO is 20.44M and currently, short sellers hold a 6.41% ratio of that float. The average trading volume of HOLO on November 19, 2024 was 4.05M shares.
HOLO’s Market Performance
The stock of MicroCloud Hologram Inc (HOLO) has seen a -24.75% decrease in the past week, with a -51.61% drop in the past month, and a -75.64% fall in the past quarter. The volatility ratio for the week is 11.58%, and the volatility levels for the past 30 days are at 14.60% for HOLO. The simple moving average for the last 20 days is -25.59% for HOLO stock, with a simple moving average of -96.26% for the last 200 days.
HOLO Trading at -49.05% from the 50-Day Moving Average
After a stumble in the market that brought HOLO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.89% of loss for the given period.
Volatility was left at 14.60%, however, over the last 30 days, the volatility rate increased by 11.58%, as shares sank -49.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -63.46% lower at present.
During the last 5 trading sessions, HOLO fell by -24.75%, which changed the moving average for the period of 200-days by -93.85% in comparison to the 20-day moving average, which settled at $3.02. In addition, MicroCloud Hologram Inc saw -96.83% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for HOLO
Current profitability levels for the company are sitting at:
- -0.76 for the present operating margin
- 0.2 for the gross margin
The net margin for MicroCloud Hologram Inc stands at -0.74. The total capital return value is set at -0.25. Equity return is now at value -39.06, with -33.74 for asset returns.
Based on MicroCloud Hologram Inc (HOLO), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -26.86.
Currently, EBITDA for the company is -70.07 million with net debt to EBITDA at 3.33. When we switch over and look at the enterprise to sales, we see a ratio of -1.08. The receivables turnover for the company is 10.27for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 13.53.
Conclusion
In conclusion, MicroCloud Hologram Inc (HOLO) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
