Sphere 3D Corp (NASDAQ:ANY) price closed higher on Tuesday, November 12, and jumping 8.02% above its previous close.
A look at the daily price movement shows that the last close reads $1.62, with intraday deals fluctuated between $1.45 and $1.8. The company’s 5Y monthly beta was ticking 2.81. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.09 and 52-week low of $0.57. The stock added 82.18% on its value in the past month.
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Sphere 3D Corp, which has a market valuation of $36.30 million, is expected to release its quarterly earnings report in December.
On average, analysts have forecast the company’s revenue for the quarter will hit 5M, with the likely lows of 5M and highs of 5M. Staying with the analyst view, there is a consensus estimate of 21.5M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow -1.90% below that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give ANY a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that ANY’s price is at present 52.79% off the SMA20 and 79.19% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 82.40, with weekly volatility standing at 16.05%. The indicator jumps to 11.26% when calculated based on the past 30 days. Sphere 3D Corp (NASDAQ:ANY)’s beta value is holding at 2.95, while the average true range (ATR) indicator is currently reading 0.14.
An analysis of the Sphere 3D Corp (NASDAQ:ANY) stock in terms of its daily trading volume indicates that the 3-month average is 505.12K. However, this figure increases on the past 10-day timeline to an average of 1.26 million.
Current records show that the company has 20.74M in outstanding shares. The insiders’ percentage holdings are 5.42% of outstanding shares while the percentage share held by institutions stands at 4.62%. The stats also highlight that short interest as of 2024-10-15, stood at 0.26 million shares, which puts the short ratio at the time at 0.94. From this we can glean that short interest is 127.00 of company’s current outstanding shares. Notably, we see that shares short in October fall slightly given the previous month’s figure stood at 0.41 million. But the -47.29% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
