StockNews.com Upgrades Sphere 3D (NASDAQ:ANY) to Hold

Sphere 3D (NASDAQ:ANY) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $3.00 target price on shares of Sphere 3D in a research note on Monday, November 18th.

Sphere 3D Stock Performance

ANY stock opened at $0.71 on Tuesday. The company has a market capitalization of $18.17 million, a PE ratio of -0.89 and a beta of 2.98. Sphere 3D has a one year low of $0.67 and a one year high of $2.68. The company’s 50 day moving average price is $1.04 and its two-hundred day moving average price is $1.03.

Insider Transactions at Sphere 3D

In other Sphere 3D news, CEO Patricia Trompeter sold 20,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $1.31, for a total value of $26,200.00. Following the completion of the transaction, the chief executive officer now owns 597,187 shares of the company’s stock, valued at approximately $782,314.97. The trade was a 3.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 36,000 shares of company stock valued at $46,760 in the last quarter. 5.59% of the stock is owned by insiders.

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.