Sphere 3D (NASDAQ:ANY) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Sphere 3D Corp. (NASDAQ:ANYGet Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.48 and traded as high as $1.58. Sphere 3D shares last traded at $1.47, with a volume of 140,014 shares.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ANY shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sphere 3D in a report on Wednesday, January 21st. Wall Street Zen raised shares of Sphere 3D to a “sell” rating in a report on Saturday, March 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $30.00.

Check Out Our Latest Report on Sphere 3D

Sphere 3D Price Performance

The company’s fifty day simple moving average is $1.48 and its 200-day simple moving average is $3.31. The firm has a market capitalization of $5.54 million, a PE ratio of -0.19 and a beta of 3.60.

Sphere 3D (NASDAQ:ANYGet Free Report) last released its quarterly earnings results on Friday, March 6th. The technology company reported ($3.27) earnings per share (EPS) for the quarter. Sphere 3D had a negative return on equity of 84.26% and a negative net margin of 192.13%.The firm had revenue of $2.72 million during the quarter. As a group, equities research analysts anticipate that Sphere 3D Corp. will post -2.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sphere 3D

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in shares of Sphere 3D during the fourth quarter valued at $37,000. BNP Paribas Financial Markets grew its holdings in shares of Sphere 3D by 294.7% during the third quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock valued at $37,000 after buying an additional 37,427 shares during the last quarter. XTX Topco Ltd grew its holdings in shares of Sphere 3D by 678.6% during the fourth quarter. XTX Topco Ltd now owns 131,326 shares of the technology company’s stock valued at $39,000 after buying an additional 114,460 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Sphere 3D during the fourth quarter valued at $113,000. Finally, Armistice Capital LLC purchased a new stake in shares of Sphere 3D during the fourth quarter valued at $465,000. 17.28% of the stock is owned by hedge funds and other institutional investors.

Sphere 3D Company Profile

(Get Free Report)

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.

Further Reading

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