Sphere 3D (NASDAQ:ANY) Releases Earnings Results, Misses Estimates By $0.02 EPS

Sphere 3D (NASDAQ:ANY) issued its earnings results on Friday. The technology company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.02), Zacks reports. Sphere 3D had a negative net margin of 50.87% and a negative return on equity of 49.54%.

Sphere 3D Stock Down 8.9 %

Shares of NASDAQ ANY traded down $0.04 during trading hours on Friday, hitting $0.42. 329,644 shares of the stock were exchanged, compared to its average volume of 576,557. The company has a market cap of $10.66 million, a PE ratio of -0.52 and a beta of 3.11. Sphere 3D has a 12 month low of $0.42 and a 12 month high of $1.90. The firm has a fifty day moving average price of $0.70 and a 200-day moving average price of $0.96.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Sphere 3D in a report on Tuesday. They issued a “sell” rating for the company.

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.