Sphere 3D Corp (NASDAQ:ANY): -313.13% Off High, Can It Comeback?

In last trading session, Sphere 3D Corp (NASDAQ:ANY) saw 0.45 million shares changing hands with its beta currently measuring 2.82. Company’s recent per share price level of $0.99 trading at $0.0 or 0.25% at ring of the bell on the day assigns it a market valuation of $20.58M. That closing price of ANY’s stock is at a discount of -313.13% from its 52-week high price of $4.09 and is indicating a premium of 42.42% from its 52-week low price of $0.57. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.22 million shares which gives us an average trading volume of 410.79K if we extend that period to 3-months.

Sphere 3D Corp (NASDAQ:ANY) trade information

Upright in the green during last session for gaining 0.25%, in the last five days ANY remained trading in the green while hitting it’s week-highest on Friday, 09/27/24 when the stock touched $0.99 price level, adding 4.81% to its value on the day. Sphere 3D Corp’s shares saw a change of -70.11% in year-to-date performance and have moved 11.38% in past 5-day. Sphere 3D Corp (NASDAQ:ANY) showed a performance of 5.09% in past 30-days. Number of shares sold short was 0.41 million shares which calculate 1.17 days to cover the short interests.

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Sphere 3D Corp (ANY) estimates and forecasts

Statistics highlight that Sphere 3D Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -35.55% of value to its shares in past 6 months, showing an annual growth rate of 71.27% while that of industry is 14.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -1.90% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 5M for the same. And 1 analysts are in estimates of company making revenue of 4.9M in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 53.88% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 73.06% while estimates for its earnings growth in next 5 years are of 20.00%.

Sphere 3D Corp (NASDAQ:ANY)’s Major holders

Insiders are in possession of 5.42% of company’s total shares while institution are holding 4.41 percent of that, with stock having share float percentage of 4.66%. Investors also watch the number of corporate investors in a company very closely, which is 4.41% institutions for Sphere 3D Corp that are currently holding shares of the company.