Year-To-Date, Sphere 3D Corp (NASDAQ: ANY) Price Has Decrease -63.25%. Does Trouble Ahead?

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During the last session, Sphere 3D Corp (NASDAQ:ANY)’s traded shares were 0.67 million, with the beta value of the company hitting 2.94. At the end of the trading day, the stock’s price was $1.22, reflecting an intraday loss of -1.61% or -$0.02. The 52-week high for the ANY share is $4.09, that puts it down -235.25 from that peak though still a striking 45.08% gain since the share price plummeted to a 52-week low of $0.67. The company’s market capitalization is $28.78M, and the average intraday trading volume over the past 10 days was 0.9 million shares, and the average trade volume was 787.39K shares over the past three months.

Sphere 3D Corp (NASDAQ:ANY) trade information

Sphere 3D Corp (ANY) registered a -1.61% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.61% in intraday trading to $1.22, hitting a weekly high. The stock’s 5-day price performance is -19.74%, and it has moved by -20.78% in 30 days. Based on these gigs, the overall price performance for the year is -14.08%. The short interest in Sphere 3D Corp (NASDAQ:ANY) is 0.56 million shares and it means that shorts have 1.05 day(s) to cover.

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The consensus price target of analysts on Wall Street is $3, which implies an increase of 59.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $3 respectively. As a result, ANY is trading at a discount of -145.9% off the target high and -145.9% off the low.

Sphere 3D Corp (ANY) estimates and forecasts

Statistics show that Sphere 3D Corp has outperformed its competitors in share price, compared to the industry in which it operates. Sphere 3D Corp (ANY) shares have gone up 7.96% during the last six months, with a year-to-date growth rate more than the industry average at 77.90% against 8.00. In the rating firms’ projections, revenue will decrease -0.11% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6.72M as predicted by 1 analyst(s).

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 53.88%. While earnings are projected to return 79.27% in 2024, the next five years will return 20.00% per annum.

ANY Dividends

Sphere 3D Corp is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Sphere 3D Corp insiders own 5.29% of total outstanding shares while institutional holders control 4.45%, with the float percentage being 4.70%.