StockNews.com Begins Coverage on Sphere 3D (NASDAQ:ANY)

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

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

Sphere 3D Stock Performance

ANY opened at $0.56 on Thursday. The stock’s 50 day moving average price is $0.52 and its 200-day moving average price is $0.89. The stock has a market capitalization of $14.56 million, a PE ratio of -0.70 and a beta of 3.56. Sphere 3D has a 52-week low of $0.36 and a 52-week high of $1.90.

Sphere 3D (NASDAQ:ANY) last posted its earnings results 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 analysts’ expectations of $6.72 million. Sphere 3D had a negative return on equity of 49.54% and a negative net margin of 50.87%. Research analysts forecast that Sphere 3D will post -0.58 EPS for the current fiscal year.

Institutional Trading of Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. Two Sigma Securities LLC bought a new stake in shares of Sphere 3D Corp. (NASDAQ:ANY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 31,879 shares of the technology company’s stock, valued at approximately $30,000. Two Sigma Securities LLC owned approximately 0.13% of Sphere 3D as of its most recent filing with the Securities and Exchange Commission. 17.28% of the stock is owned by institutional investors and hedge funds.

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.