WiMi Hologram Cloud ( (WIMI) ) has provided an announcement.
WiMi Hologram Cloud Inc. announced on April 10, 2025, that it received a notice from Nasdaq regarding its non-compliance with the minimum bid price requirement of $1.00 per share over the past 30 days. The company plans to address this issue by implementing a 1-for-20 reverse share split, effective April 14, 2025, to consolidate shares and meet the Nasdaq requirements. This move is part of WiMi’s strategy to maintain its Nasdaq listing and ensure compliance with market standards.
Spark’s Take on WIMI Stock
According to Spark, TipRanks’ AI Analyst, WIMI is a Neutral.
WiMi Hologram Cloud is currently facing significant financial challenges, with unstable profitability and cash flows. While technical indicators suggest some positive momentum, valuation metrics and lack of earnings call insights add to the risk profile. The stock requires cautious evaluation amid its operational hurdles.
To see Spark’s full report on WIMI stock, click here.
More about WiMi Hologram Cloud
WiMi Hologram Cloud Inc., established in 2015, is a prominent provider of augmented reality (AR) services in China. The company operates an integrated holographic AR application platform and maintains a comprehensive AR content library, boasting a portfolio of 4,654 AR holographic contents. WiMi is recognized for its advanced image processing capabilities, which are significantly faster than the industry average.
YTD Price Performance: -82.02%
Average Trading Volume: 5,702,433
Technical Sentiment Signal: Strong Buy
Current Market Cap: $59.49M
Find detailed analytics on WIMI stock on TipRanks’ Stock Analysis page.