Sphere 3D (NASDAQ:ANY) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Sphere 3D (NASDAQ:ANY) in a report issued on Tuesday. The firm set a “sell” rating on the technology company’s stock.

Sphere 3D Price Performance

Shares of Sphere 3D stock opened at $0.48 on Tuesday. The company’s 50 day moving average price is $0.73 and its two-hundred day moving average price is $0.97. The firm has a market capitalization of $12.09 million, a P/E ratio of -0.59 and a beta of 3.11. Sphere 3D has a fifty-two week low of $0.45 and a fifty-two week high of $1.90.

Institutional Investors Weigh In On Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. Two Sigma Securities LLC purchased a new position in shares of Sphere 3D Corp. (NASDAQ:ANY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,879 shares of the technology company’s stock, valued at approximately $30,000. Two Sigma Securities LLC owned about 0.13% of Sphere 3D at the end of the most recent quarter. 17.28% of the stock is owned by hedge funds and other institutional investors.

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.