Shares of Sphere 3D Corp. (NASDAQ:ANY) have been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation. Sphere 3D Corp.’s rating score has declined by 125.6% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokers have set a 1-year consensus target price of $1.50 for the company and are forecasting that the company will post ($0.18) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Sphere 3D Corp. an industry rank of 156 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Sphere 3D Corp. from a “hold” rating to a “buy” rating and set a $1.00 price objective on the stock in a research note on Wednesday, July 20th.
Shares of Sphere 3D Corp. (NASDAQ:ANY) opened at 0.51 on Monday. The company’s market capitalization is $26.02 million. The stock has a 50 day moving average price of $0.63 and a 200-day moving average price of $0.96. Sphere 3D Corp. has a 52 week low of $0.40 and a 52 week high of $3.80.
Sphere 3D Corp. (NASDAQ:ANY) last announced its quarterly earnings results on Thursday, August 11th. The company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.01. Sphere 3D Corp. had a negative net margin of 60.50% and a negative return on equity of 37.54%. The firm had revenue of $19.60 million for the quarter, compared to analyst estimates of $20.40 million. During the same period in the previous year, the business posted ($0.15) earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts expect that Sphere 3D Corp. will post ($0.72) EPS for the current year.
A hedge fund recently bought a new stake in Sphere 3D Corp. stock. Harber Asset Management LLC acquired a new position in Sphere 3D Corp. (NASDAQ:ANY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 218,464 shares of the company’s stock, valued at approximately $175,000. Harber Asset Management LLC owned approximately 0.44% of Sphere 3D Corp. as of its most recent SEC filing. Institutional investors and hedge funds own 17.09% of the company’s stock.
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