FY2024 EPS Estimates for Sphere 3D Raised by HC Wainwright

Sphere 3D Corp. (NASDAQ:ANY) – Equities researchers at HC Wainwright boosted their FY2024 EPS estimates for shares of Sphere 3D in a research note issued to investors on Monday, November 18th. HC Wainwright analyst K. Dede now forecasts that the technology company will post earnings of ($0.58) per share for the year, up from their prior forecast of ($0.70). HC Wainwright currently has a “Buy” rating and a $3.00 price target on the stock. The consensus estimate for Sphere 3D’s current full-year earnings is ($0.70) per share. HC Wainwright also issued estimates for Sphere 3D’s Q4 2024 earnings at ($0.27) EPS and FY2025 earnings at ($1.06) EPS.

Separately, StockNews.com downgraded Sphere 3D from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th.

Sphere 3D Trading Up 10.2 %

Shares of NASDAQ ANY opened at $1.51 on Wednesday. The firm has a market capitalization of $31.32 million, a P/E ratio of -1.89 and a beta of 2.80. The firm’s 50-day moving average price is $1.03 and its 200-day moving average price is $1.04. Sphere 3D has a 1-year low of $0.57 and a 1-year high of $4.09.

Institutional Trading of Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. XTX Topco Ltd acquired a new stake in shares of Sphere 3D Corp. (NASDAQ:ANY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned about 0.28% of Sphere 3D at the end of the most recent reporting period. 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.