Sphere 3D Corp (NASDAQ:ANY) Shares Surges 11.21% In A Week – But Can It Keep Rising?

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In last trading session, Sphere 3D Corp (NASDAQ:ANY) saw 1.23 million shares changing hands with its beta currently measuring 2.85. Company’s recent per share price level of $1.19 trading at $0.15 or 14.42% at ring of the bell on the day assigns it a market valuation of $24.68M. That closing price of ANY’s stock is at a discount of -243.7% from its 52-week high price of $4.09 and is indicating a premium of 52.1% 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 0.8 million shares which gives us an average trading volume of 399.78K if we extend that period to 3-months.

Sphere 3D Corp (NASDAQ:ANY) trade information

Upright in the green during last session for gaining 14.42%, in the last five days ANY remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $1.19 price level, adding 1.65% to its value on the day. Sphere 3D Corp’s shares saw a change of -64.16% in year-to-date performance and have moved 11.21% in past 5-day. Sphere 3D Corp (NASDAQ:ANY) showed a performance of 38.37% in past 30-days. Number of shares sold short was 0.26 million shares which calculate 0.94 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 added 31.81% of value to its shares in past 6 months, showing an annual growth rate of 71.27% while that of industry is 9.70. 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 4.67%. 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.