The stock of Sphere 3D Corp (ANY) has gone up by 4.02% for the week, with a -5.21% drop in the past month and a -15.46% drop in the past quarter. The volatility ratio for the week is 8.35%, and the volatility levels for the past 30 days are 8.85% for ANY. The simple moving average for the past 20 days is 6.13% for ANY’s stock, with a -36.76% simple moving average for the past 200 days.
Is It Worth Investing in Sphere 3D Corp (NASDAQ: ANY) Right Now?
The stock has a 36-month beta value of 2.82. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ANY is 19.62M, and at present, short sellers hold a 2.11% of that float. On October 01, 2024, the average trading volume of ANY was 412.25K shares.
ANY) stock’s latest price update
Sphere 3D Corp (NASDAQ: ANY)’s stock price has dropped by -8.86 in relation to previous closing price of 0.99. Nevertheless, the company has seen a gain of 4.02% in its stock price over the last five trading days. newsfilecorp.com reported 2024-09-23 that Stamford, Connecticut–(Newsfile Corp. – September 23, 2024) – Sphere 3D Corp. (NASDAQ: ANY) (“Sphere 3D”), a Bitcoin mining company, is providing a strategic and operational update for August 2024. Key Highlights: Second batch of Antminer S21 fleet upgrades have arrived 12.7 Bitcoin mined in August 2024 Month-end deployed hash rate was 1.0 EH/s Metrics Aug 2023 July 2024 Aug 2024 Bitcoin Mined 58.3 16.8 12.7 Bitcoin Sold 65.7 22.0 12.6 Mining Revenue $1.6 million $1.0 million $0.8 million Bitcoin Holdings 2.8 2.0 2.1 Deployed Miners ~12,450 ~11,200 ~8,900 Month End Deployed Hash Rate (EH/s) 1.3 EH/s 1.2 EH/s 1.0 EH/s Strategic Update: We continue to proactively focus on the company’s future growth through operational growth and strategic partnerships: As announced earlier this month, we are developing a 12.5 MW site in Iowa at an average of sub ~ 4 cent energy.
Analysts’ Opinion of ANY
Many brokerage firms have already submitted their reports for ANY stocks, with Ladenburg Thalmann repeating the rating for ANY by listing it as a “Buy.” The predicted price for ANY in the upcoming period, according to Ladenburg Thalmann is $3 based on the research report published on January 19, 2016 of the previous year 2016.
ROTH Capital, on the other hand, stated in their research note that they expect to see ANY reach a price target of $8. The rating they have provided for ANY stocks is “Buy” according to the report published on June 24th, 2015.
ANY Trading at -1.82% from the 50-Day Moving Average
After a stumble in the market that brought ANY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -77.88% of loss for the given period.
Volatility was left at 8.85%, however, over the last 30 days, the volatility rate increased by 8.35%, as shares sank -0.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.34% lower at present.
During the last 5 trading sessions, ANY rose by +4.02%, which changed the moving average for the period of 200-days by -21.34% in comparison to the 20-day moving average, which settled at $0.8522. In addition, Sphere 3D Corp saw -72.75% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ANY starting from Kalbfleisch Kurt L., who sale 11,000 shares at the price of $0.95 back on Aug 29 ’24. After this action, Kalbfleisch Kurt L. now owns 136,515 shares of Sphere 3D Corp, valued at $10,450 using the latest closing price.
KURT LE ROY KALBFLEISCH, the Officer of Sphere 3D Corp, proposed sale 11,000 shares at $0.95 during a trade that took place back on Aug 29 ’24, which means that KURT LE ROY KALBFLEISCH is holding shares at $10,450 based on the most recent closing price.
Stock Fundamentals for ANY
Current profitability levels for the company are sitting at:
- -0.74 for the present operating margin
- 0.23 for the gross margin
The net margin for Sphere 3D Corp stands at -0.7. The total capital return value is set at -0.46. Equity return is now at value -38.61, with -30.23 for asset returns.
Currently, EBITDA for the company is -20.35 million with net debt to EBITDA at 1.28. When we switch over and look at the enterprise to sales, we see a ratio of 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.39.
Conclusion
To sum up, Sphere 3D Corp (ANY) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
