StockNews.com initiated coverage on shares of Sphere 3D (NASDAQ:ANY – Free Report) in a research note released on Tuesday. The brokerage issued a sell rating on the technology company’s stock.
Sphere 3D Price Performance
Shares of Sphere 3D stock opened at $0.47 on Tuesday. The company’s 50 day moving average price is $0.72 and its two-hundred day moving average price is $0.97. The firm has a market capitalization of $11.96 million, a P/E ratio of -0.59 and a beta of 3.11. Sphere 3D has a fifty-two week low of $0.45 and a fifty-two week high of $1.90.
Institutional Trading of Sphere 3D
An institutional investor recently bought a new position in Sphere 3D stock. Two Sigma Securities LLC bought a new position in shares of Sphere 3D Corp. (NASDAQ:ANY – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 31,879 shares of the technology company’s stock, valued at approximately $30,000. Two Sigma Securities LLC owned about 0.13% 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.
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