Sphere 3D (NASDAQ:ANY) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Sphere 3D Corp. (NASDAQ:ANY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.02 and traded as low as $0.70. Sphere 3D shares last traded at $0.71, with a volume of 202,399 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ANY shares. HC Wainwright restated a “buy” rating and set a $3.00 price objective on shares of Sphere 3D in a research note on Monday, November 18th. StockNews.com upgraded Sphere 3D from a “sell” rating to a “hold” rating in a research report on Tuesday, February 11th.

Sphere 3D Trading Down 6.7 %

The company has a market cap of $16.95 million, a price-to-earnings ratio of -0.83 and a beta of 2.98. The firm has a 50-day moving average price of $0.94 and a 200 day moving average price of $1.02.

Insider Transactions at Sphere 3D

In related news, CEO Patricia Trompeter sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $1.31, for a total value of $26,200.00. Following the sale, the chief executive officer now owns 597,187 shares of the company’s stock, valued at approximately $782,314.97. This trade represents a 3.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 36,000 shares of company stock worth $46,760. 5.59% of the stock is currently owned by corporate insiders.

Institutional Trading of Sphere 3D

A hedge fund recently raised its stake in Sphere 3D stock. Two Sigma Investments LP increased its stake in Sphere 3D Corp. (NASDAQ:ANY) by 92.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,595 shares of the technology company’s stock after purchasing an additional 16,577 shares during the period. Two Sigma Investments LP owned 0.14% of Sphere 3D worth $33,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 17.28% of the company’s stock.

About Sphere 3D

Sphere 3D Corp. engages in the bitcoin mining business. It is involved with digital asset mining pool operators to provide computing power to the mining pools. The company is based in Stamford, Connecticut.