Tuesday, 02 January 2024 12:17 GMT

Microcloud Hologram Stock Picks Up Momentum After Near Wipeout This Year: Retail Buzz Explodes


(MENAFN- AsiaNet News)

Shares of Shenzhen, China-based MicroCloud Hologram, Inc. (HOLO) are on track to top the $6 threshold for the first time since late July, thanks to the strong upward momentum witnessed in Monday's after-hours session.

MicroCloud Hologram is a provider of holographic technology services, including holographic light detection and ranging (LiDAR) solutions and holographic digital twin technology services.

The stock has been consolidating above the $5 level since the middle of September. After ending Monday's session up 6.72% at $5.56, MicroCloud Hologram stock surged up over 22% in the extended session.

On Stocktwits, the 24-hour message volume change on the stock stream, leading up to late Monday, was a whopping 4,083%. Retail sentiment toward the stock improved further into the 'extremely bullish' territory (91/100) - a level not seen since mid-July.

HOLO sentiment and message volume as of 2:20 a.m. ET, Sept. 23 | source: Stockwits

The company announced in early September that its holographic revenue for the first half of 2025 climbed 726%, and its net profit for the period nearly doubled.

MicroCloud has issued multiple updates this month regarding its work in quantum technology. As recently as Friday, the company stated that it has developed a universal quantum probability theory applicable to multiple domains.

In July, the company disclosed that it had invested up to $200 million in Bitcoin and crypto-related securities derivatives, giving the stock some thrust around the announcement.

A bullish Stocktwits retail user flagged the stock as one to watch in the premarket session on Tuesday. Another user was exuberant, hoping for a 1,000% rally at the least, adding that it was long overdue.

One user noted that a golden cross (a bullish technical formation) is incoming.

MicroHologram stock has lost nearly all of its value this year, crashing over 97%.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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