MLGO

MicroAlgo

5.38 USD
-0.67
11.07%
At close Apr 30, 4:00 PM EDT
After hours
5.43
+0.05
0.93%
1 day
-11.07%
5 days
-45.16%
1 month
-77.81%
3 months
240.51%
6 months
26.29%
Year to date
51.12%
1 year
-89.15%
5 years
-99.72%
10 years
-99.72%
 

About: MicroAlgo Inc is divided into two segments Central processing algorithm services & Intelligent chips and services. The majority is from the Central processing algorithm services. which refer to a range of computing algorithms, analytical algorithms, recommendation algorithms, & acceleration algorithms. The businesses engaged in internet advertisement, game development, intelligent chip design, finance, retail, & logistics depend on the ability to process & analyze data with optimized computing software & hardware capable of handling the data workload. Intelligent chips and services revenues include revenues generated from the resale of intelligent chips. All of the Company's net revenues were generated in the PRC, Hong Kong, & Singapore, out of which the majority is from the PRC.

Employees: 86

0
Funds holding %
of 7,425 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

1,814% more capital invested

Capital invested by funds: $134K [Q3] → $2.57M (+$2.43M) [Q4]

4.02% more ownership

Funds ownership: 3.08% [Q3] → 7.1% (+4.02%) [Q4]

0% more repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 2

8% less funds holding

Funds holding: 12 [Q3] → 11 (-1) [Q4]

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Research analyst outlook

We haven’t received any recent analyst ratings for MLGO.

Financial journalist opinion

Based on 3 articles about MLGO published over the past 30 days

Neutral
PRNewsWire
2 days ago
MicroAlgo Announces Strong Net Income and Cash Growth in 2024, Driven by Robust Demand for Central Processing Algorithm Services
SHENZHEN, China , April 28, 2025 /PRNewswire/ -- MicroAlgo Inc. (NASDAQ: MLGO), (the "Company"), a leading developer and application provider of bespoke central processing algorithms, today announced its financial results for the year ended December 31, 2024. The Company reported total revenues of RMB 541.5 million (USD 75.3 million) and net income of RMB 53.4 million (USD 7.3 million), marking a significant turnaround from the previous year's net loss of RMB 266.2 million and net loss of RMB 46.54 million in 2022.
MicroAlgo Announces Strong Net Income and Cash Growth in 2024, Driven by Robust Demand for Central Processing Algorithm Services
Neutral
GlobeNewsWire
2 days ago
MicroAlgo Announces Strong Net Income and Cash Growth in 2024, Driven by Robust Demand for Central Processing Algorithm Services
Shenzhen, April 28, 2025 (GLOBE NEWSWIRE) -- Shenzhen, China, April 28, 2025 – MicroAlgo Inc. (NASDAQ: MLGO), (the “Company”), a leading developer and application provider of bespoke central processing algorithms, today announced its financial results for the year ended December 31, 2024. The Company reported total revenues of RMB 541.5 million (USD 75.3 million) and net income of RMB 53.4 million (USD 7.3 million), marking a significant turnaround from the previous year's net loss of RMB 266.2 million and net loss of RMB 46.54 million in 2022. This return to profitability is largely attributed to the company's strategic shift away from its intelligent chips and services segment, and dedication of resources resulting in strong performance in its central processing algorithm services, which accounted for 100% of revenues in 2024.
MicroAlgo Announces Strong Net Income and Cash Growth in 2024, Driven by Robust Demand for Central Processing Algorithm Services
Neutral
PRNewsWire
6 days ago
MicroAlgo Inc. Develops Classical Boosted Quantum Optimization Algorithm (CBQOA)
SHENZHEN, China , April 24, 2025 /PRNewswire/ -- MicroAlgo Inc. (the "Company" or "MicroAlgo") (NASDAQ: MLGO), announced today the development of an innovative technology, the Classical Boosted Quantum Optimization Algorithm (CBQOA). This algorithm integrates the  search capabilities of classical computing with the parallel computing characteristics of quantum computing, effectively addressing constrained optimization problems without modifying the cost function.
MicroAlgo Inc. Develops Classical Boosted Quantum Optimization Algorithm (CBQOA)
Positive
Market Watch
1 month ago
MicroAlgo Shares Jump After WiMi Increases Stake
MicroAlgo shares were up 45% at $17.15 after WiMi Hologram Cloud said it has increased its stake in MicroAlgo to 67.65%.
MicroAlgo Shares Jump After WiMi Increases Stake
Neutral
PRNewsWire
1 month ago
WIMI Hologram Cloud Inc has increased its stake in MicroAlgo Inc (NASDAQ: MLGO) to 67.65% and committed to a ten-year lock-up period for all currently owned MicroAlgo shares.
BEIJING , March 27, 2025 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced it has increased its stake in MicroAlgo Inc (NASDAQ: MLGO) to 67.65% and committed to a ten-year lock-up period for all currently owned MicroAlgo shares. As of March 27, 2025, WIMI Hologram Cloud Inc holds 40,000 Class A ordinary shares, 1,810,658 Class A ordinary shares (restricted), and 44,878,261 Class B ordinary shares (restricted) of MicroAlgo Inc. (NASDAQ: MLGO) ("MicroAlgo Inc."), representing a total equity stake of 67.65% of MicroAlgo's total shares outstanding.
WIMI Hologram Cloud Inc has increased its stake in MicroAlgo Inc (NASDAQ: MLGO) to 67.65% and committed to a ten-year lock-up period for all currently owned MicroAlgo shares.
Negative
Schwab Network
1 month ago
Overlooked Stock: MLGO
MicroAlgo (MLGO) experienced lots of volatility in today's session. The algorithm solutions company was 15% higher at its trading peak before closing 15% lower.
Overlooked Stock: MLGO
Negative
24/7 Wall Street
1 month ago
Nasdaq Composite Today: CRWD, FCX Rise in Valiant Effort, MLGO Retreats
The markets are off to a volatile start, meandering between positive and negative ground.
Nasdaq Composite Today: CRWD, FCX Rise in Valiant Effort, MLGO Retreats
Neutral
GlobeNewsWire
1 month ago
MicroAlgo Inc. plans to issue additional new shares at an offering price of $0.8 per share.
SHENZHEN, March 24, 2025 (GLOBE NEWSWIRE) -- MicroAlgo Inc. plans to issue additional new shares at an offering price of $0.8 per share.
MicroAlgo Inc. plans to issue additional new shares at an offering price of $0.8 per share.
Neutral
PRNewsWire
1 month ago
MicroAlgo Inc. plans to issue additional new shares at an offering price of $0.8 per share.
SHENZHEN, China , March 21, 2025 /PRNewswire/ -- MicroAlgo Inc. (NASDAQ: MLGO), (the "Company"or "MicroAlgo"), today announced the plan to issue more new shares, considering that MicroAlgo Inc. entered into a convertible bond purchase agreement with creditors on October 7, 2024, with a total amount of US$20 million. These bonds have a maturity period of 360 days.
MicroAlgo Inc. plans to issue additional new shares at an offering price of $0.8 per share.
Neutral
PRNewsWire
1 month ago
MicroAlgo Inc. Develops Multi-Simulator Collaborative Algorithm Based on Subgraph Isomorphism to Enhance Quantum Computer Performance Using Distributed Computing Advantages
SHENZHEN, China , March 17, 2025 /PRNewswire/ -- MicroAlgo Inc. (NASDAQ: MLGO), (the "Company"or "MicroAlgo"), today announced the introduction of an innovative solution: a multi-simulator collaborative algorithm based on subgraph isomorphism, aimed at overcoming the limitations of qubit numbers and leveraging the advantages of distributed computing to enhance the performance of quantum computers. The core concept of MicroAlgo's multi-simulator collaborative subgraph isomorphism algorithm is to decompose large quantum circuits into multiple smaller sub-circuits, leveraging parallel and distributed computing techniques to distribute computation tasks across multiple quantum computers or quantum simulators.
MicroAlgo Inc. Develops Multi-Simulator Collaborative Algorithm Based on Subgraph Isomorphism to Enhance Quantum Computer Performance Using Distributed Computing Advantages
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