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

StockNews.com started coverage on shares of Sphere 3D (NASDAQ:ANY) in a research report issued on Friday. The brokerage set a “sell” rating on the technology company’s stock.

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

Sphere 3D Trading Up 6.2 %

Shares of ANY opened at $0.60 on Friday. The stock has a market cap of $15.81 million, a PE ratio of -0.75 and a beta of 3.64. Sphere 3D has a 1 year low of $0.36 and a 1 year high of $1.90. The stock has a 50 day simple moving average of $0.50 and a 200-day simple moving average of $0.88.

Sphere 3D (NASDAQ:ANY) last issued its earnings results on Friday, March 28th. The technology company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.02). Sphere 3D had a negative net margin of 50.87% and a negative return on equity of 49.54%. The firm had revenue of $2.64 million during the quarter, compared to analyst estimates of $6.72 million. On average, sell-side 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 Sphere 3D Corp. (NASDAQ:ANY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 31,879 shares of the technology company’s stock, valued at approximately $30,000. Two Sigma Securities LLC owned 0.13% of Sphere 3D as of its most recent filing with the Securities and Exchange Commission. 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.