FY2025 EPS Estimates for Sphere 3D Decreased by Analyst

Sphere 3D Corp. (NASDAQ:ANY) – Equities researchers at HC Wainwright dropped their FY2025 earnings per share (EPS) estimates for shares of Sphere 3D in a research report issued to clients and investors on Thursday, November 6th. HC Wainwright analyst K. Dede now expects that the technology company will earn ($0.46) per share for the year, down from their prior forecast of ($0.44). The consensus estimate for Sphere 3D’s current full-year earnings is ($0.58) per share. HC Wainwright also issued estimates for Sphere 3D’s Q4 2025 earnings at ($0.09) EPS and FY2026 earnings at ($0.32) EPS.

Several other research analysts have also commented on ANY. Wall Street Zen upgraded shares of Sphere 3D from a “strong sell” rating to a “hold” rating in a report on Sunday, August 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sphere 3D in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $3.00.

Sphere 3D Stock Up 8.5%

Shares of ANY stock opened at $0.61 on Monday. The firm has a market capitalization of $20.66 million, a price-to-earnings ratio of -1.00 and a beta of 3.34. The stock has a fifty day moving average of $0.74 and a 200 day moving average of $0.68. Sphere 3D has a 52 week low of $0.36 and a 52 week high of $1.90.

Sphere 3D (NASDAQ:ANY) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Sphere 3D had a negative return on equity of 47.27% and a negative net margin of 131.43%.The business had revenue of $2.62 million during the quarter, compared to the consensus estimate of $3.00 million.

Institutional Investors Weigh In On Sphere 3D

A hedge fund recently raised its stake in Sphere 3D stock. XTX Topco Ltd raised its holdings in shares of Sphere 3D Corp. (NASDAQ:ANY) by 51.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,682 shares of the technology company’s stock after purchasing an additional 24,424 shares during the period. XTX Topco Ltd owned 0.25% of Sphere 3D worth $42,000 as of its most recent SEC filing. 17.28% of the stock is owned by institutional investors and hedge funds.

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.