Sphere 3D Corp (NASDAQ:ANY) price on current trading day, rose 9.35% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.52.
A look at the stock’s price movement, the close in the last trading session was $1.39, moving within a range at $1.387 and $1.5294. The beta value (5-Year monthly) was 2.81. Turning to its 52-week performance, $4.09 and $0.67 were the 52-week high and 52-week low respectively. Overall, ANY moved 27.73% over the past month.
Sphere 3D Corp’s market cap currently stands at around $35.86 million, with investors looking forward to this quarter’s earnings report slated for in January.
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 50% Buy category.
ANY’s current price about 6.67% and 30.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.44, while 7-day volatility ratio is 9.60% and 14.02% in the 30-day chart. Further, Sphere 3D Corp (ANY) has a beta value of 2.93, and an average true range (ATR) of 0.16. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $3 and high of $3. Looking at the price targets, the low is -97.37% off current price level while to achieve the yearly target high, price needs to move -97.37%. Nonetheless, investors will most likely welcome a -97.37% jump to $3 which is the analysts’ median price.
If we refocus on Sphere 3D Corp (NASDAQ:ANY), historical trading data shows that trading volumes averaged 0.9 over the past 10 days and 722.10K over the past 3 months. The company’s latest data on shares outstanding shows there are 23.59 million shares.
The 5.42% of Sphere 3D Corp’s shares are in the hands of company insiders while institutional holders own 4.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.56 million on 2024-10-31, giving us a short ratio of 1.05. The data shows that as of 2024-10-31 short interest in Sphere 3D Corp (ANY) stood at 274.0 of shares outstanding, with shares short falling to 0.82 million registered in 2024-09-30. Current price change has pushed the stock -54.22% 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.
