Shares of Sphere 3D Corp. (NASDAQ:ANY) have earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Sphere 3D Corp.’s rating score has declined by 125.6% in the last 90 days as a result of a number of analysts’ ratings changes.
Analysts have set a one year consensus target price of $1.50 for the company and are forecasting that the company will post ($0.18) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Sphere 3D Corp. an industry rank of 103 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded Sphere 3D Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd.
Shares of Sphere 3D Corp. (NASDAQ:ANY) traded down 6.87% during mid-day trading on Monday, reaching $0.42. The company’s stock had a trading volume of 354,162 shares. The firm’s market capitalization is $21.43 million. The company’s 50-day moving average is $0.67 and its 200 day moving average is $0.98. Sphere 3D Corp. has a 1-year low of $0.40 and a 1-year high of $3.80.
Sphere 3D Corp. (NASDAQ:ANY) last announced its earnings results on Thursday, August 11th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.18) by $0.01. Sphere 3D Corp. had a negative net margin of 60.50% and a negative return on equity of 37.54%. The company earned $19.60 million during the quarter, compared to analysts’ expectations of $20.40 million. During the same quarter last year, the business posted ($0.15) earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts expect that Sphere 3D Corp. will post ($0.72) earnings per share for the current year.
An institutional investor recently bought a new position in Sphere 3D Corp. stock. Harber Asset Management LLC acquired a new stake in Sphere 3D Corp. (NASDAQ:ANY) during the second quarter, according to its most recent disclosure with the SEC. The firm acquired 218,464 shares of the company’s stock, valued at approximately $175,000. Harber Asset Management LLC owned about 0.44% of Sphere 3D Corp. as of its most recent SEC filing. Hedge funds and other institutional investors own 17.09% of the company’s stock.
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