The trading price of Sphere 3D Corp. (NASDAQ:ANY) closed higher on Friday, August 06, closing at $4.86, 41.28% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $4.36 and $5.61. In examining the 52-week price action we see that the stock hit a 52-week high of $4.49 and a 52-week low of $1.23. Over the past month, the stock has gained 40.87% in value.
Sphere 3D Corp., whose market valuation is $67.89 million at the time of this writing, is expected to release its quarterly earnings report Nov 16, 2020. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of $0 for 2017 and $0 for 2018.
Analysts have forecast the company to bring in revenue of $23.6 million for the current quarter, with the likely lows of $23.6 million and highs of $23.6 million. The average estimate suggests sales will likely up by 26.00% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2017 is $86.5 million. The company’s revenue is forecast to grow by 13.20% over what it did in 2017.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Sphere 3D Corp. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest ANY has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ANY a recommendation rating is 1. Out of them, 1 rate it a Hold, while 0 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Sphere 3D Corp. (ANY) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that ANY’s price is currently 61.89% off the SMA20 and 87.23% off the SMA50. The RSI metric on the 14-day chart is currently showing 77.35, and weekly volatility stands at 12.63%. When measured over the past 30 days, the indicator reaches 14.35%. Sphere 3D Corp. (NASDAQ:ANY)’s beta value is currently sitting at 2.03, while the Average True Range indicator is currently displaying 0.54. With analysts defining $40.00-$40.00 as the low and high price targets, we arrive at a consensus price target of $40.00 for the trailing 12-month period. The current price is about -723.05% off the estimated low and -723.05% off the forecast high, based on this estimate. Investors will be thrilled if ANY’s share price rises to $40.00, which is the median consensus price. At that level, ANY’s share price would be -723.05% below current price.
To see how Sphere 3D Corp. stock has been performing in comparison to its peers in the industry, here are the numbers: ANY stock’s performance was 41.28% in the latest trading, and 58.31% in the past year. Sphere 3D Corp. has a P/E ratio of 0. Also in last trading session, the S&P 500 Index has surged 0.17%, while the Dow Jones Industrial also saw a positive session, up 0.41% on the day.
An evaluation of the daily trading volume of Sphere 3D Corp. (NASDAQ:ANY) indicates that the 3-month average is 9.19 million.
Currently, records show that 9.42 million of the company’s shares remain outstanding. The insiders hold 29.32% of outstanding shares, whereas institutions hold 12.20%. However, since the stock’s price has seen 239.86% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.