Sphere 3D (NASDAQ:ANY – Get Free Report) released its earnings results on Friday. The technology company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.02), Zacks reports. Sphere 3D had a negative return on equity of 49.54% and a negative net margin of 50.87%.
Sphere 3D Price Performance
ANY traded down $0.04 during trading on Friday, reaching $0.42. 329,644 shares of the company’s stock were exchanged, compared to its average volume of 576,557. The company’s fifty day simple moving average is $0.70 and its 200-day simple moving average is $0.96. The stock has a market capitalization of $10.66 million, a P/E ratio of -0.52 and a beta of 3.11. Sphere 3D has a 1 year low of $0.42 and a 1 year high of $1.90.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on shares of Sphere 3D in a research note on Tuesday. They set a “sell” rating for the company.
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.
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