In the last trading session, 1.18 million Sphere 3D Corp. (NASDAQ:ANY) shares changed hands as the company’s beta touched 2.42. With the company’s per share price at $0.72 changed hands at -$0.05 or -6.91% during last session, the market valuation stood at $45.85M. ANY’s last price was a discount, traded about -1563.89% off its 52-week high of $11.98. The share price had its 52-week low at $0.52, which suggests the last value was 27.78% up since then. When we look at Sphere 3D Corp.’s average trading volume, we note the 10-day average is 2.12 million shares, with the 3-month average coming to 1.60 million.
Analysts gave the Sphere 3D Corp. (ANY) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ANY as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Sphere 3D Corp.’s EPS for the current quarter is expected to be $0.
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Instantly ANY was in red as seen at the end of in last trading. With action 7.69%, the performance over the past five days has been green. The drop to weekly highs of 0.8300 on Friday, 07/22/22 subtracted -6.91% to the stock’s daily price. The company’s shares are showing year-to-date downside of -77.03%, with the 5-day performance at 7.69% in the green. However, in the 30-day time frame, Sphere 3D Corp. (NASDAQ:ANY) is 7.00% up. Looking at the short shares, we see there were 2.77 million shares sold at short interest cover period of 0.5 days.
The consensus price target for the stock as assigned by Wall Street analysts is $10.00, meaning bulls need an upside of 92.8% from its current market value. According to analyst projections, ANY’s forecast low is $10.00 with $10.00 as the target high. To hit the forecast high, the stock’s price needs a -1288.89% plunge from its current level, while the stock would need to soar -1288.89% for it to hit the projected low.
Sphere 3D Corp. (ANY) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 70.90%. The 2022 estimates are for Sphere 3D Corp. earnings to increase by 41.20%, but the outlook for the next 5-year period is at 20.00% per year.
Sphere 3D Corp. is expected to release its next quarterly earnings report on November 15.
Sphere 3D Corp. (NASDAQ:ANY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 12.80% of Sphere 3D Corp. shares while 14.09% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 16.16%. There are 14.09% institutions holding the Sphere 3D Corp. stock share, with Susquehanna International Group, LLP the top institutional holder. As of Dec 30, 2021, the company held 1.79% of the shares, roughly 1.14 million ANY shares worth $3.56 million.
Two Sigma Investments, LP holds the second largest percentage of outstanding shares, with 1.03% or 0.65 million shares worth $2.03 million as of Dec 30, 2021.
Among Mutual Funds, the top two as of Jan 30, 2022 were Financial Investors Tr-Emerald Banking & Finance Fund and Fidelity NASDAQ Composite Index Fund. With 0.9 million shares estimated at $1.9 million under it, the former controlled 1.42% of total outstanding shares. On the other hand, Fidelity NASDAQ Composite Index Fund held about 0.04% of the shares, roughly 22706.0 shares worth around $50634.0.