Sphere 3D Corp. (NASDAQ:ANY) price on Wednesday, August 25, rose 4.39% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.28.
A look at the stock’s price movement, the close in the last trading session was $4.10, moving within a range at $4.0001 and $4.37. Turning to its 52-week performance, $6.58 and $1.23 were the 52-week high and 52-week low respectively. Overall, ANY moved 50.70% over the past month.
Sphere 3D Corp.’s market cap currently stands at around $86.33 million, with investors looking forward to this quarter’s earnings report slated for Nov 16, 2020.
Analysts have a consensus estimate of $23.6 million for the company’s revenue for the quarter, with a low and high estimate of $23.6 million and $23.6 million respectively. The average forecast suggests up to a 26.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2017 to grow to $86.5 million, representing a 13.20% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that ANY is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend ANY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ANY’s current price about 9.49% and 33.79% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.66, while 7-day volatility ratio is 11.11% and 13.53% in the 30-day chart. Further, Sphere 3D Corp. (ANY) has a beta value of 2.02, and an average true range (ATR) of 0.56. Analysts have given the company’s stock an average 52-week price target of $40.00, forecast between a low of $40.00 and high of $40.00. Looking at the price targets, the low is -834.58% off current price level while to achieve the yearly target high, price needs to move -834.58%. Nonetheless, investors will most likely welcome a -834.58% jump to $40.00 which is the analysts’ median price.
In the market, a comparison of Sphere 3D Corp. (ANY) and its peers suggest the former has performed considerably stronger. Data shows ANY’s intraday price has changed 4.39% in last session and 58.52% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.22% and 0.11% respectively in the last trading.
If we refocus on Sphere 3D Corp. (NASDAQ:ANY), historical trading data shows that trading volumes averaged 7.84 million over the past 10 days and 12.34 million over the past 3 months. The company’s latest data on shares outstanding shows there are 15.99 million shares.
The 29.32% of Sphere 3D Corp.’s shares are in the hands of company insiders while institutional holders own 5.40% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.43 million on May 27, 2021, giving us a short ratio of 0.45. The data shows that as of May 27, 2021 short interest in Sphere 3D Corp. (ANY) stood at 2.18% of shares outstanding, with shares short falling to 0.87 million registered in Apr 29, 2021. Current price change has pushed the stock 199.30% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ANY stock continues to rise going into the next quarter.