Sphere 3D Corp. [NASDAQ: ANY] gained 16.55% or 0.05 points to close at $0.33 with a heavy trading volume of 4379763 shares. The company report on December 20, 2022 that Sphere 3D Corp. Increases Production Capacity by Approximately 267%.
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It opened the trading session at $0.2943, the shares rose to $0.3899 and dropped to $0.28, the range by which the price of stock traded the whole day. The daily chart for ANY points out that the company has recorded -49.70% loss over the past six months. However, it is still -43.48% lower than its most recent low trading price.
If we look at the average trading volume of 442.29K shares, ANY reached to a volume of 4379763 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Sphere 3D Corp. [ANY]:
Ladenburg Thalmann have made an estimate for Sphere 3D Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 19, 2016. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on June 24, 2015, representing the official price target for Sphere 3D Corp. stock.
The Average True Range (ATR) for Sphere 3D Corp. is set at 0.04, with the Price to Sales ratio for ANY stock in the period of the last 12 months amounting to 4.17. The Price to Book ratio for the last quarter was 0.14, with the Price to Cash per share for the same quarter was set at 0.06.
Trading performance analysis for ANY stock
Sphere 3D Corp. [ANY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.21. With this latest performance, ANY shares gained by 18.21% in over the last four-week period, additionally sinking by -49.70% over the last 6 months – not to mention a drop of -88.51% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ANY stock in for the last two-week period is set at 55.15, with the RSI for the last a single of trading hit 62.39, and the three-weeks RSI is set at 50.53 for Sphere 3D Corp. [ANY]. The present Moving Average for the last 50 days of trading for this stock 0.3427, while it was recorded at 0.2892 for the last single week of trading, and 0.7719 for the last 200 days.
Sphere 3D Corp. [ANY]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Sphere 3D Corp. [ANY] shares currently have an operating margin of -508.01 and a Gross Margin at -107.18. Sphere 3D Corp.’s Net Margin is presently recorded at -464.76.
Return on Equity for this stock declined to -12.59, with Return on Assets sitting at -12.02.
Sphere 3D Corp.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 7.20.
Sphere 3D Corp. [ANY]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ANY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sphere 3D Corp. go to 20.00%.
An analysis of insider ownership at Sphere 3D Corp. [ANY]
There are presently around $0 million, or 7.90% of ANY stock, in the hands of institutional investors. The top three institutional holders of ANY stocks are: SUSQUEHANNA INTERNATIONAL GROUP, LLP with ownership of 178,327, which is approximately -58.809% of the company’s market cap and around 4.44% of the total institutional ownership; GROUP ONE TRADING, L.P., holding 115,608 shares of the stock with an approximate value of $38000.0 in ANY stocks shares; and HBK SORCE ADVISORY LLC, currently with $31000.0 in ANY stock with ownership of nearly New of the company’s market capitalization.
Positions in Sphere 3D Corp. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 8 institutional holders increased their position in Sphere 3D Corp. [NASDAQ:ANY] by around 216,728 shares. Additionally, 17 investors decreased positions by around 1,456,409 shares, while 10 investors held positions by with 911,039 shares. The mentioned changes placed institutional holdings at 762,098 shares, according to the latest SEC report filing. ANY stock had 2 new institutional investments in for a total of 106,667 shares, while 10 institutional investors sold positions of 521,259 shares during the same period.