In the last trading session, 1.64 million shares of the Sphere 3D Corp (NASDAQ:ANY) were traded, and its beta was 2.93. Most recently the company’s share price was $1.43, and it changed around -$0.09 or -5.92% from the last close, which brings the market valuation of the company to $36.88M. ANY currently trades at a discount to its 52-week high of $4.09, offering almost -186.01% off that amount. The share price’s 52-week low was $0.67, which indicates that the current value has risen by an impressive 53.15% since then. We note from Sphere 3D Corp’s average daily trading volume that its 10-day average is 0.78 million shares, with the 3-month average coming to 730.99K.
Sphere 3D Corp stock received a consensus recommendation rating of Hold, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended ANY as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Sphere 3D Corp is expected to report earnings per share of -0.19 for the current quarter.
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Sphere 3D Corp (NASDAQ:ANY) trade information
Instantly ANY has showed a red trend with a performance of -5.92% at the end of last trading. The rise to weekly highs of 1.6700 on recent trading dayincreased the stock’s daily price by 14.37%. On the other hand, Sphere 3D Corp (NASDAQ:ANY) is 11.72% up in the 30-day period. We can see from the shorts that 0.56 million shares have been sold at a short interest cover period of 1.05 day(s).
The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 52.33% from its current value. Analyst projections state that ANY is forecast to be at a low of $3 and a high of $3.
Sphere 3D Corp (ANY) estimates and forecasts
Sphere 3D Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 14.40 percent over the past six months and at a 77.90% annual growth rate that is well above the industry average of 7.60%. The year-over-year growth rate is expected to be -0.11%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 6.72M in revenue for the current quarter. Analysts predict that the company’s current quarter sales will drop, forecast at -35.15%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 53.88%. Sphere 3D Corp earnings are expected to increase by 79.27% in 2024, but the outlook is positive 20.00% per year for the next five years.
ANY Dividends
Sphere 3D Corp’s next quarterly earnings report is expected to be released in January.
Sphere 3D Corp (NASDAQ:ANY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.29% of Sphere 3D Corp shares, and 4.45% of them are in the hands of institutional investors. The stock currently has a share float of 4.70%.
Vanguard Total Stock Market Index Fund and Dimensional ETF Tr-Dimensional U.S. Core Equity 2 ETF were the top two Mutual Funds as of Sep 30, 2024 . The former held 450.04 shares worth $0.64 million, making up 2.12% of all outstanding shares. On the other hand, Dimensional ETF Tr-Dimensional U.S. Core Equity 2 ETF held roughly 73.26 shares worth around $0.1 million, which represents about 0.34% of the total shares outstanding.
