Q3 2024 Earnings Forecast for Sphere 3D Corp. (NASDAQ:ANY) Issued By HC Wainwright

Sphere 3D Corp. (NASDAQ:ANY) – HC Wainwright raised their Q3 2024 earnings estimates for Sphere 3D in a report released on Monday, August 19th. HC Wainwright analyst K. Dede now expects that the technology company will earn ($0.19) per share for the quarter, up from their previous estimate of ($0.23). HC Wainwright currently has a “Buy” rating and a $3.00 target price on the stock. The consensus estimate for Sphere 3D’s current full-year earnings is ($0.83) per share. HC Wainwright also issued estimates for Sphere 3D’s Q4 2024 earnings at ($0.19) EPS and FY2024 earnings at ($0.70) EPS.

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

Sphere 3D Trading Down 1.6 %

Shares of ANY opened at $0.98 on Wednesday. Sphere 3D has a 1-year low of $0.57 and a 1-year high of $4.09. The firm has a market capitalization of $20.40 million, a price-to-earnings ratio of -0.53 and a beta of 2.85. The firm’s 50-day moving average price is $1.02 and its 200-day moving average price is $1.31.

Insider Buying and Selling at Sphere 3D

In related news, CEO Patricia Trompeter sold 150,000 shares of the business’s 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 $626,643.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Kurt L. Kalbfleisch sold 80,000 shares of the firm’s stock in a transaction on 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 in the company, valued at $145,301.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patricia Trompeter sold 150,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 549,687 shares in the company, valued at approximately $626,643.18. The disclosure for this sale can be found here. Insiders own 5.59% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sphere 3D stock. Crescent Grove Advisors LLC acquired a new stake in shares of Sphere 3D Corp. (NASDAQ:ANY) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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 at the end of the most recent reporting period. Institutional investors and hedge funds 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.