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

Equities research analysts at StockNews.com began coverage on shares of Sphere 3D (NASDAQ:ANY) in a research note issued on Wednesday. The brokerage set a “sell” rating on the technology company’s stock.

Sphere 3D Stock Performance

Shares of ANY stock opened at $0.43 on Wednesday. Sphere 3D has a 1 year low of $0.38 and a 1 year high of $1.90. The firm has a market capitalization of $10.94 million, a PE ratio of -0.54 and a beta of 3.11. The stock has a fifty day moving average of $0.66 and a two-hundred day moving average of $0.95.

Sphere 3D (NASDAQ:ANY) last announced its earnings results on Friday, March 28th. The technology company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.64 million during the quarter, compared to the consensus estimate of $6.72 million. Equities research analysts predict that Sphere 3D will post -0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sphere 3D

A hedge fund recently bought a new stake in Sphere 3D stock. Two Sigma Securities LLC bought a new position in shares of Sphere 3D Corp. (NASDAQ:ANY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 17.28% of the stock is owned by institutional investors and hedge funds.

About Sphere 3D

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.