FY2024 EPS Estimates for Sphere 3D Raised by HC Wainwright

Sphere 3D Corp. (NASDAQ:ANY) – Investment analysts at HC Wainwright boosted their FY2024 earnings per share (EPS) estimates for Sphere 3D in a report released on Monday, November 18th. HC Wainwright analyst K. Dede now anticipates that the technology company will post earnings per share of ($0.58) for the year, up from their prior forecast of ($0.70). HC Wainwright currently has a “Buy” rating and a $3.00 target price on the stock. The consensus estimate for Sphere 3D’s current full-year earnings is ($0.58) per share. HC Wainwright also issued estimates for Sphere 3D’s Q4 2024 earnings at ($0.27) EPS and FY2025 earnings at ($1.06) EPS.

Separately, StockNews.com downgraded shares of Sphere 3D from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th.

Sphere 3D Stock Performance

Shares of ANY opened at $1.30 on Wednesday. The stock has a market capitalization of $27.51 million, a price-to-earnings ratio of -1.64 and a beta of 2.80. Sphere 3D has a 52-week low of $0.57 and a 52-week high of $4.09. The stock’s 50-day simple moving average is $1.06 and its 200 day simple moving average is $1.04.

Hedge Funds Weigh In On Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. XTX Topco Ltd acquired a new stake in shares of Sphere 3D Corp. (NASDAQ:ANY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned approximately 0.28% of Sphere 3D at the end of the most recent quarter. 17.28% of the stock is owned by institutional investors.

About Sphere 3D

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.