Sphere 3D’s (ANY) Buy Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of Sphere 3D (NASDAQ:ANY) in a research report released on Monday morning,Benzinga reports. The firm currently has a $3.00 target price on the technology company’s stock. HC Wainwright also issued estimates for Sphere 3D’s Q4 2024 earnings at ($0.27) EPS, FY2024 earnings at ($0.58) EPS and FY2025 earnings at ($1.06) EPS.

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

Sphere 3D Stock Performance

Shares of ANY stock opened at $1.40 on Monday. Sphere 3D has a 52-week low of $0.57 and a 52-week high of $4.09. The company has a 50-day simple moving average of $1.05 and a two-hundred day simple moving average of $1.04. The company has a market capitalization of $29.04 million, a price-to-earnings ratio of -1.75 and a beta of 2.80.

Institutional Investors Weigh In On Sphere 3D

A hedge fund recently bought a new stake in Sphere 3D stock. XTX Topco Ltd acquired a new position in shares of Sphere 3D Corp. (NASDAQ:ANY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 reporting period. Hedge funds and other institutional investors own 17.28% of the company’s stock.

Sphere 3D Company Profile

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.