HC Wainwright Comments on Sphere 3D Corp.’s FY2025 Earnings (NASDAQ:ANY)

Sphere 3D Corp. (NASDAQ:ANY) – Research analysts at HC Wainwright issued their FY2025 earnings per share estimates for shares of Sphere 3D in a research report issued to clients and investors on Monday, August 19th. HC Wainwright analyst K. Dede expects that the technology company will post earnings of ($0.78) per share for the year. HC Wainwright 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 ($0.83) per share.

Separately, StockNews.com upgraded shares of Sphere 3D from a “sell” rating to a “hold” rating in a research report on Monday.

Sphere 3D Price Performance

Sphere 3D stock opened at $1.00 on Tuesday. Sphere 3D has a 52-week low of $0.57 and a 52-week high of $4.09. The stock has a fifty day moving average price of $1.03 and a two-hundred day moving average price of $1.31. The firm has a market capitalization of $20.74 million, a P/E ratio of -0.54 and a beta of 2.85.

Insider Transactions at Sphere 3D

In related news, CEO Patricia Trompeter sold 150,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $1.14, for a total transaction of $171,000.00. Following the completion of the sale, the chief executive officer now directly owns 549,687 shares of the company’s stock, valued at approximately $626,643.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Sphere 3D news, CEO Patricia Trompeter sold 150,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $1.14, for a total transaction of $171,000.00. Following the sale, the chief executive officer now owns 549,687 shares of the company’s stock, valued at approximately $626,643.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kurt L. Kalbfleisch sold 80,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $1.17, for a total transaction of $93,600.00. Following the completion of the transaction, the chief financial officer now directly owns 124,189 shares of the company’s stock, valued at $145,301.13. The disclosure for this sale can be found here. 5.59% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sphere 3D stock. Crescent Grove Advisors LLC bought a new position in shares of Sphere 3D Corp. (NASDAQ:ANY) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,005 shares of the technology company’s stock, valued at approximately $26,000. Crescent Grove Advisors LLC owned about 0.10% of Sphere 3D as of its most recent SEC filing. Institutional investors and hedge funds own 17.28% of the company’s stock.

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.