HC Wainwright Reiterates Buy Rating for Sphere 3D (NASDAQ:ANY)

Sphere 3D (NASDAQ:ANY)‘s stock had its “buy” rating restated by research analysts at HC Wainwright in a report issued on Monday,Benzinga reports. They currently have a $3.00 price objective on the technology company’s stock. HC Wainwright’s price target suggests a potential upside of 98.68% from the stock’s current price.

Separately, StockNews.com downgraded shares of Sphere 3D from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th.

Sphere 3D Price Performance

Shares of Sphere 3D stock opened at $1.51 on Monday. Sphere 3D has a 1 year low of $0.57 and a 1 year high of $4.09. The company has a market capitalization of $31.32 million, a P/E ratio of -1.89 and a beta of 2.80. The business has a 50-day moving average of $1.03 and a two-hundred day moving average of $1.04.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sphere 3D stock. XTX Topco Ltd bought a new stake in Sphere 3D Corp. (NASDAQ:ANY) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned approximately 0.28% of Sphere 3D as of its most recent filing with the SEC. 17.28% of the stock is owned by institutional investors.

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.