Sphere 3D (NASDAQ:ANY) Coverage Initiated by Analysts at StockNews.com

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

Sphere 3D Trading Down 5.3 %

ANY opened at $0.48 on Wednesday. The company has a market capitalization of $12.53 million, a price-to-earnings ratio of -0.60 and a beta of 3.56. Sphere 3D has a 12-month low of $0.38 and a 12-month high of $1.90. The business’s fifty day simple moving average is $0.63 and its 200-day simple moving average is $0.94.

Sphere 3D (NASDAQ:ANY) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $6.72 million. Sphere 3D had a negative return on equity of 49.54% and a negative net margin of 50.87%. On average, equities research analysts predict that Sphere 3D will post -0.58 EPS for the current year.

Hedge Funds Weigh In On Sphere 3D

A hedge fund recently bought a new stake in Sphere 3D stock. Two Sigma Securities LLC bought a new stake in shares of Sphere 3D Corp. (NASDAQ:ANY) during the 4th quarter, according to the company in its most recent disclosure 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 approximately 0.13% of Sphere 3D at the end of the most recent quarter. 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.