Sphere 3D Corp (NASDAQ:ANY) 16.15% Up Over The Last Seven Days. Can The Stock Hit Well Above $0.1700?

In last trading session, Sphere 3D Corp (NASDAQ:ANY) saw 0.73 million shares changing hands with its beta currently measuring 2.89. Company’s recent per share price level of $1.51 trading at $0.13 or 9.42% at ring of the bell on the day assigns it a market valuation of $35.62M. That closing price of ANY’s stock is at a discount of -170.86% from its 52-week high price of $4.09 and is indicating a premium of 62.25% 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 1.17 million shares which gives us an average trading volume of 688.54K if we extend that period to 3-months.

Sphere 3D Corp (NASDAQ:ANY) trade information

Upright in the green during last session for gaining 9.42%, in the last five days ANY remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $1.51 price level, adding 1.64% to its value on the day. Sphere 3D Corp’s shares saw a change of -54.52% in year-to-date performance and have moved 16.15% in past 5-day. Sphere 3D Corp (NASDAQ:ANY) showed a performance of 41.12% in past 30-days. Number of shares sold short was 0.56 million shares which calculate 1.05 days to cover the short interests.

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Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 49.67% to its current value. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 3. It follows that stock’s current price would drop -98.68% in reaching the projected high whereas dropping to the targeted low would mean a loss of -98.68% for stock’s current value.

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 36.04% of value to its shares in past 6 months, showing an annual growth rate of 77.90% while that of industry is 8.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -0.11% 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 6.72M for the same.

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 79.27% 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 5.29% of company’s total shares while institution are holding 4.45 percent of that, with stock having share float percentage of 4.70%. Investors also watch the number of corporate investors in a company very closely, which is 4.45% institutions for Sphere 3D Corp that are currently holding shares of the company.

On the other hand, Vanguard Total Stock Market Index Fund and Dimensional ETF Tr-Dimensional U.S. Core Equity 2 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 450.04 shares of worth $0.66 million or 2.12% of the total outstanding shares. The later fund manager was in possession of 73.26 shares on Jul 31, 2024 , making its stake of worth around $0.11 million in the company or a holder of 0.34% of company’s stock.