Sphere 3D (NASDAQ:ANY) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Sphere 3D Corp. (NASDAQ:ANY)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.00 and traded as high as $3.72. Sphere 3D shares last traded at $3.11, with a volume of 608,195 shares traded.

Analyst Ratings Changes

ANY has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Sphere 3D to a “sell” rating in a research report on Saturday, March 21st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sphere 3D in a research note on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Sphere 3D Trading Down 9.6%

The firm’s 50-day simple moving average is $2.00 and its two-hundred day simple moving average is $2.52. The stock has a market capitalization of $13.19 million, a PE ratio of -0.89 and a beta of 3.63.

Sphere 3D (NASDAQ:ANY) last issued its earnings results on Friday, May 8th. The technology company reported ($1.18) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.46). Sphere 3D had a negative return on equity of 78.14% and a negative net margin of 163.45%.The business had revenue of $1.92 million during the quarter, compared to analyst estimates of $2.90 million.

Institutional Investors Weigh In On Sphere 3D

A number of institutional investors have recently bought and sold shares of ANY. Armistice Capital LLC purchased a new position in Sphere 3D during the 4th quarter valued at about $465,000. Squarepoint Ops LLC purchased a new stake in shares of Sphere 3D in the fourth quarter worth approximately $113,000. XTX Topco Ltd lifted its position in shares of Sphere 3D by 51.7% in the second quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock worth $42,000 after purchasing an additional 24,424 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Sphere 3D during the fourth quarter worth approximately $37,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Sphere 3D by 294.7% during the third quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock worth $37,000 after purchasing an additional 37,427 shares during the period. 17.28% of the stock is currently owned by institutional investors and hedge funds.

Sphere 3D Company Profile

Sphere 3D Corporation is a technology company specializing in virtualization, containerization and data management solutions. The company develops software and appliance-based offerings designed to simplify the deployment, mobility and orchestration of applications and data across on-premises, private cloud and public cloud environments. Its platforms enable organizations to consolidate IT infrastructure, improve resource utilization and accelerate application delivery without extensive re-engineering of legacy systems.

Among its key products is the Glassware platform, which allows enterprises to containerize Windows and Linux applications for delivery to virtually any endpoint without needing native software installs.