No Taps Better Than Sphere 3D Corp. (ANY)

Sphere 3D Corp.’s stock (NASDAQ:ANY) has been rated as Buy by Ladenburg Thalmann. This latest rating was contained in a recent research note published by the firm on January 19, 2016 and has set a $3 price target for the stock. Some experts on Wall Street have also posted a report on Sphere 3D Corp. (ANY) stock.

As it stands, a total of 1 analysts are covering ANY stock, with 0 of them rating it as a Buy while 0 of them rating it as Overweight. 1 analysts meanwhile advised investors to Hold, 0 rated it as Underweight while the 0 rated it as a Sell. A look at the overall ratings means that Sphere 3D Corp. (ANY) stock has an average rating of Hold.

Sphere 3D Corp. (ANY) which is currently valued at 3.15 million, with the company publishing its last earnings report on 11/14/2019, for the recent quarter of 2019. In that quarter, the company recorded a revenue of 23.6 million, which was same as the forecast of 23.6 million made by some analysts. For that same quarter, Sphere 3D Corp. (ANY) posted -$28 earnings per share (EPS) which was below the analyst consensus estimate of -$24 by -$4, which represents a decrease by -16.70%.

The stock market has a tendency to become sophisticated sometimes, even for seasoned investors and traders. Even when a trader got what he/she had expected, the market sometimes decides to move in the opposite direction. This volatility sometimes leads to some traders doubting and second-guessing their moves. This is why getting to know historical price performance, as well as both long-term and short-term trends, is very important. Over the past one week, ANY price has surged by 8.53%. A look at its price performance over the past three months sees the stock go down by -17.45%, while it has lost -38.99% over the past six months and -66.59% since the start of the year.

Let us now look at some of its likely support and resistance level. Recent research on Sphere 3D Corp. (ANY) has seen its stock trading -45.32% below its three-month high price. A look at the other side also sees stock trading +27.56% above its three-month low. A wider look sees ANY trading -45.32% below its 52-week high and 27.56% above from its 52-week low price.

Sphere 3D Corp. (ANY) has a return on investment (ROI) of -788.80%. The higher the ROI percentage, the higher the profit exceeds the costs, thus analysts consider such investments as an overall gain. A negative ROI, however, means that the cost is higher than the profits, a scenario analysts consider as a net loss.

Let us now take a look at Sphere 3D Corp. (ANY)’s trading volatility. Its 7-day volatility is around 19.12%, while it has a monthly volatility of 11.02%. ANY has an ATR (Average True Range) of 0.09 and a beta factor of 2.19. The volatility of a stock is an indication of the stock’s drop or gain in case the wider market drops or surges. A beta score higher than 1 means that a stock is highly volatile while below 1 means that the volatility of a stock is low.

The price of ANY moved down by -$0.05 during the normal trading session on Friday to trade at $0.84. The Sphere 3D Corp. (ANY) stock has a trading volume of 92203.0 shares, which is low, compared to its average daily volume of 153.82K shares.