Its Stock Has Paid Off Big Time For Sphere 3D Corp.

Sphere 3D Corp. (NASDAQ: ANY) stock fell -5.99% on Monday to $0.42 against a previous-day closing price of $0.45. With 2.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.88 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.4500 whereas the lowest price it dropped to was $0.4001. The 52-week range on ANY shows that it touched its highest point at $3.41 and its lowest point at $0.23 during that stretch. Beta for the stock currently stands at 2.41.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ANY was down-trending over the past week, with a drop of -0.71%, but this was up by 36.17% over a month. Three-month performance surged to 5.03% while six-month performance fell -41.13%. The stock lost -80.99% in the past year, while it has gained 53.18% so far this year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 70.90%.

Float and Shares Shorts:

At present, 67.02 million ANY shares are outstanding with a float of 65.56 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.06 million, which was 1.59% higher than short shares on Sep 14, 2022. In addition to Ms. Patricia Trompeter as the firm’s CEO & Director, Mr. Joseph L. O’Daniel serves as its Pres.

Institutional Ownership:

Through their ownership of 10.44% of ANY’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.35% of ANY, in contrast to 0.46% held by mutual funds. Shares owned by individuals account for 0.03%. As the largest shareholder in ANY with 0.27% of the stake, Nebula Research & Development LLC holds 183,016 shares worth 183,016. A second-largest stockholder of ANY, Susquehanna Financial Group LLLP, holds 178,327 shares, controlling over 0.26% of the firm’s shares. Group One Trading LP is the third largest shareholder in ANY, holding 115,608 shares or 0.17% stake. With a 0.03% stake in ANY, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 22,706 shares are owned by the mutual fund manager.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ANY since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ANY analysts setting a high price target of $10.00 and a low target of $10.00, the average target price over the next 12 months is $10.00. Based on these targets, ANY could surge 2280.95% to reach the target high and rise by 2280.95% to reach the target low. Reaching the average price target will result in a growth of 2280.95% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ANY will report FY 2017 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of -$46.56 being high and -$46.56 being low. For ANY, this leads to a yearly average estimate of -$46.56. Based on analyst estimates, the high estimate for the next quarter is -$6.72 and the low estimate is -$6.72. The average estimate for the next quarter is thus -$6.72.

Summary of Insider Activity:

Insiders traded ANY stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 7 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 880,000 while 296,942 shares were sold.

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