Sphere 3D Corp. (NASDAQ:ANY – Get Free Report)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.39 and traded as high as $3.17. Sphere 3D shares last traded at $2.95, with a volume of 221,283 shares changing hands.
Analyst Upgrades and Downgrades
ANY has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Sphere 3D to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings raised shares of Sphere 3D from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.
View Our Latest Research Report on ANY
Sphere 3D Trading Down 3.9%
Sphere 3D (NASDAQ:ANY – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The technology company reported ($1.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.72) by ($0.46). The firm had revenue of $1.92 million for the quarter, compared to analyst estimates 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
A number of large investors have recently added to or reduced their stakes in ANY. XTX Topco Ltd boosted its stake in shares of Sphere 3D by 51.7% in the 2nd quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock valued at $42,000 after purchasing an additional 24,424 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Sphere 3D by 294.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock worth $37,000 after buying an additional 37,427 shares during the period. Jane Street Group LLC bought a new stake in shares of Sphere 3D during the fourth quarter worth approximately $37,000. Squarepoint Ops LLC acquired a new position in Sphere 3D in the fourth quarter valued at approximately $113,000. Finally, Armistice Capital LLC bought a new position in shares of Sphere 3D in the 4th quarter worth $465,000. 17.28% of the stock is currently owned by institutional investors and hedge funds.
Sphere 3D Company Profile
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.
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