Sphere 3D (NASDAQ:ANY) Share Price Passes Below 50 Day Moving Average of $1.63

Sphere 3D Corp. (NASDAQ:ANY) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.63 and traded as low as $1.02. Sphere 3D shares last traded at $1.12, with a volume of 471,814 shares.

Wall Street Analysts Forecast Growth

ANY has been the topic of a number of research reports. StockNews.com raised shares of Sphere 3D from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. HC Wainwright reissued a “buy” rating and issued a $5.00 price objective on shares of Sphere 3D in a report on Thursday, December 28th.

Sphere 3D Trading Up 2.8 %

The firm’s fifty day simple moving average is $1.63 and its two-hundred day simple moving average is $1.67.

Sphere 3D (NASDAQ:ANY) last issued its quarterly earnings results on Wednesday, March 13th. The technology company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.36). Sphere 3D had a negative net margin of 106.85% and a negative return on equity of 75.32%. The firm had revenue of $7.69 million for the quarter, compared to analysts’ expectations of $7.70 million. As a group, equities research analysts forecast that Sphere 3D Corp. will post -1.39 EPS for the current fiscal year.

About Sphere 3D

Sphere 3D Corp. focuses on operating as a carbon neutral bitcoin mining company. The company also provides data management and desktop and application virtualization solutions through hybrid cloud, cloud, and on-premises implementations directly and through its reseller network and professional services organization.