HC Wainwright Reaffirms Buy Rating for Sphere 3D (NASDAQ:ANY)

Posted by ABMN Staff on Apr 6th, 2025

Sphere 3D (NASDAQ:ANY – Get Free Report)‘s stock had its “buy” rating reissued by stock analysts at HC Wainwright in a report issued on Friday,Benzinga reports. They presently have a $3.00 price target on the technology company’s stock.

Separately, StockNews.com began coverage on shares of Sphere 3D in a report on Wednesday. They issued a “sell” rating on the stock.

Get Our Latest Stock Report on Sphere 3D

Sphere 3D Stock Down 5.3 %

Sphere 3D stock opened at $0.48 on Friday. The stock has a market cap of $12.53 million, a price-to-earnings ratio of -0.60 and a beta of 3.56. The business has a 50-day simple moving average of $0.63 and a 200 day simple moving average of $0.95. Sphere 3D has a 52 week low of $0.38 and a 52 week high of $1.90.

Sphere 3D (NASDAQ:ANY – Get Free Report) last issued its quarterly earnings results on Friday, March 28th. The technology company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.02). The business had revenue of $2.64 million for the quarter, compared to the consensus estimate of $6.72 million. Sphere 3D had a negative net margin of 50.87% and a negative return on equity of 49.54%. On average, research analysts anticipate that Sphere 3D will post -0.58 earnings per share for the current year.

Institutional Investors Weigh In On Sphere 3D

A hedge fund recently bought a new stake in Sphere 3D stock. Two Sigma Securities LLC bought a new position in Sphere 3D Corp. (NASDAQ:ANY – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 31,879 shares of the technology company’s stock, valued at approximately $30,000. Two Sigma Securities LLC owned about 0.13% of Sphere 3D at the end of the most recent reporting period. Institutional investors own 17.28% of the company’s stock.

Sphere 3D Company Profile

(Get Free Report)

Sphere 3D Corp. engages in the bitcoin mining business. It is involved with digital asset mining pool operators to provide computing power to the mining pools. The company is based in Stamford, Connecticut.