Sphere 3D (NASDAQ:ANY) Stock Price Passes Above Fifty Day Moving Average – What’s Next?
by Amy Steele · The Cerbat GemSphere 3D Corp. (NASDAQ:ANY – Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.61 and traded as high as $1.9480. Sphere 3D shares last traded at $1.90, with a volume of 98,975 shares changing hands.
Analysts Set New Price Targets
ANY has been the topic of several research reports. Wall Street Zen upgraded Sphere 3D to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sphere 3D in a research note on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.
View Our Latest Analysis on Sphere 3D
Sphere 3D Stock Performance
The firm has a market capitalization of $8.06 million, a P/E ratio of -0.55 and a beta of 3.60. The stock has a 50-day moving average of $1.63 and a 200 day moving average of $2.59.
Sphere 3D (NASDAQ:ANY – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The technology company reported ($1.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.46). The firm had revenue of $1.92 million during the quarter, compared to the consensus estimate of $2.90 million. Sphere 3D had a negative net margin of 163.45% and a negative return on equity of 78.14%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in shares of Sphere 3D in the 4th quarter valued at $37,000. BNP Paribas Financial Markets lifted its stake in shares of Sphere 3D by 294.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock valued at $37,000 after purchasing an additional 37,427 shares during the period. XTX Topco Ltd lifted its stake in shares of Sphere 3D by 678.6% in the 4th quarter. XTX Topco Ltd now owns 131,326 shares of the technology company’s stock valued at $39,000 after purchasing an additional 114,460 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Sphere 3D in the 4th quarter valued at $113,000. Finally, Armistice Capital LLC acquired a new position in shares of Sphere 3D in the 4th quarter valued at $465,000. 17.28% of the stock is currently owned by institutional investors.
About Sphere 3D
Sphere 3D Corporation is a technology company specializing in virtualization, containerization and data management solutions. The company develops software and appliance-based offerings designed to simplify the deployment, mobility and orchestration of applications and data across on-premises, private cloud and public cloud environments. Its platforms enable organizations to consolidate IT infrastructure, improve resource utilization and accelerate application delivery without extensive re-engineering of legacy systems.
Among its key products is the Glassware platform, which allows enterprises to containerize Windows and Linux applications for delivery to virtually any endpoint without needing native software installs.