Sphere 3D (NASDAQ:ANY) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Sphere 3D (NASDAQ:ANY) in a research report released on Wednesday morning. The brokerage issued a sell rating on the technology company’s stock.

Sphere 3D Stock Performance

NASDAQ ANY opened at $0.48 on Wednesday. The business’s 50 day moving average price is $0.63 and its 200-day moving average price is $0.94. Sphere 3D has a fifty-two week low of $0.38 and a fifty-two week high of $1.90. The company has a market cap of $12.53 million, a P/E ratio of -0.60 and a beta of 3.56.

Sphere 3D (NASDAQ:ANY) last posted its quarterly earnings data on Friday, March 28th. The technology company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.02). The firm had revenue of $2.64 million for 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 analysts predict that Sphere 3D will post -0.58 EPS for the current year.

Institutional Trading of Sphere 3D

A hedge fund recently raised its stake in Sphere 3D stock. Two Sigma Investments LP lifted its holdings in Sphere 3D Corp. (NASDAQ:ANY) by 92.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,595 shares of the technology company’s stock after buying an additional 16,577 shares during the quarter. Two Sigma Investments LP owned approximately 0.14% of Sphere 3D worth $33,000 at the end of the most recent quarter. Institutional investors 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.