Sphere 3D (NASDAQ:ANY) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Sphere 3D (NASDAQ:ANY) in a research report issued to clients and investors on Tuesday. The firm set a “sell” rating on the technology company’s stock.

Separately, HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of Sphere 3D in a research report on Friday, April 4th.

Sphere 3D Stock Performance

Shares of NASDAQ ANY traded down $0.04 during mid-day trading on Tuesday, hitting $0.48. 155,206 shares of the stock were exchanged, compared to its average volume of 571,869. The company has a market cap of $12.56 million, a P/E ratio of -0.60 and a beta of 3.56. Sphere 3D has a twelve month low of $0.36 and a twelve month high of $1.90. The stock’s fifty day simple moving average is $0.56 and its two-hundred day simple moving average is $0.92.

Sphere 3D (NASDAQ:ANY) last issued its quarterly earnings data on Friday, March 28th. The technology company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.02). The business had revenue of $2.64 million during the quarter, compared to the consensus estimate of $6.72 million. Sphere 3D had a negative net margin of 50.87% and a negative return on equity of 49.54%. As a group, equities research analysts predict that Sphere 3D will post -0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sphere 3D

A hedge fund recently raised its stake in Sphere 3D stock. Two Sigma Investments LP raised its holdings in Sphere 3D Corp. (NASDAQ:ANY) by 92.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,595 shares of the technology company’s stock after acquiring an additional 16,577 shares during the quarter. Two Sigma Investments LP owned about 0.14% of Sphere 3D worth $33,000 as of its most recent SEC filing. Institutional investors and hedge funds own 17.28% of the company’s stock.

Sphere 3D Company Profile

Sphere 3D Corp. engages in the bitcoin mining business. It is involved with digital asset mining pool operators to provide computing power to the mining pools. The company is based in Stamford, Connecticut.