Sphere 3D Corp. (NASDAQ:ANY) price is hovering lower on Monday, September 13, dropping -4.47% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $6.38, with intraday deals fluctuating between $5.9705 and $6.62. The company’s 5Y monthly beta was ticking 2.16. Taking into account the 52-week price action we note that the stock hit a 52-week high of $11.98 and 52-week low of $1.23. The stock added 62.76% on its value in the past month.
Sphere 3D Corp., which has a market valuation of $411.83 million, is expected to release its quarterly earnings report Nov 15, 2021 – Nov 19, 2021. Analysts tracking ANY have forecast the quarterly EPS to shrink by 0 per share this quarter, while the same analysts predict the annual EPS to hit $0 for the year 2021 and up to $0 for 2018.
On average, analysts have forecast the company’s revenue for the quarter will hit $23.6 million, with the likely lows of $23.6 million and highs of $23.6 million. The average estimate suggests sales growth for the quarter will likely rise by 26.00% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $86.5 million for the company’s annual revenue in 2017. Per this projection, the revenue is forecast to grow 13.20% above that which the company brought in 2017.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ANY a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned ANY a recommendation rating as follows: 1 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Sphere 3D Corp. (ANY) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that ANY’s price is at present 9.70% off the SMA20 and 45.21% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 53.93, with weekly volatility standing at 15.89%. The indicator jumps to 20.16% when calculated based on the past 30 days. Sphere 3D Corp. (NASDAQ:ANY)’s beta value is holding at 2.10, while the average true range (ATR) indicator is currently reading 1.25. Considering analysts have assigned the stock a price target range of $40.00-$40.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $40.00. Based on this estimate, we see that today’s price at last check is roughly -556.81% off the estimated low and -556.81% off the forecast high. Investors will no doubt be excited to see the share price fall to $40.00, which is the median consensus price, and at that level ANY would be -556.81% from recent price.
An analysis of the Sphere 3D Corp. (NASDAQ:ANY) stock in terms of its daily trading volume indicates that the 3-month average is 19.45 million.
Current records show that the company has 15.99M in outstanding shares. The insiders’ percentage holdings are 29.32% of outstanding shares while the percentage share held by institutions stands at 2.10%. But the 346.15% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.