Sphere 3D (NASDAQ:ANY) Share Price Crosses Below Two Hundred Day Moving Average of $1.20

Sphere 3D Corp. (NASDAQ:ANY) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.20 and traded as low as $0.69. Sphere 3D shares last traded at $0.71, with a volume of 337,864 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently commented on ANY. StockNews.com downgraded shares of Sphere 3D from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. HC Wainwright dropped their price target on Sphere 3D from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Monday, August 19th.

Sphere 3D Price Performance

The firm’s fifty day moving average is $0.98 and its 200 day moving average is $1.19. The firm has a market capitalization of $13.01 million, a price-to-earnings ratio of -0.38 and a beta of 2.81.

Sphere 3D (NASDAQ:ANY) last announced its quarterly earnings data on Tuesday, August 13th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.03. Sphere 3D had a negative return on equity of 67.44% and a negative net margin of 69.64%. The business had revenue of $4.67 million during the quarter, compared to analyst estimates of $5.30 million. Equities research analysts forecast that Sphere 3D Corp. will post -0.7 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Kurt L. Kalbfleisch sold 80,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $1.17, for a total transaction of $93,600.00. Following the completion of the sale, the chief financial officer now owns 124,189 shares in the company, valued at approximately $145,301.13. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Kurt L. Kalbfleisch sold 80,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $1.17, for a total value of $93,600.00. Following the completion of the sale, the chief financial officer now directly owns 124,189 shares in the company, valued at $145,301.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patricia Trompeter sold 150,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $1.14, for a total transaction of $171,000.00. Following the sale, the chief executive officer now directly owns 549,687 shares of the company’s stock, valued at $626,643.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 241,000 shares of company stock worth $275,050. Corporate insiders own 5.59% of the company’s stock.

Institutional Investors Weigh In On Sphere 3D

A hedge fund recently bought a new stake in Sphere 3D stock. XTX Topco Ltd acquired a new position in shares of Sphere 3D Corp. (NASDAQ:ANY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned 0.28% of Sphere 3D as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 17.28% of the company’s stock.

Sphere 3D Company Profile

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.