Sphere 3D (NASDAQ:ANY) Receives “Buy” Rating from HC Wainwright

Sphere 3D (NASDAQ:ANY)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a research note issued on Monday,Benzinga reports. They presently have a $3.00 price objective on the technology company’s stock. HC Wainwright’s price objective indicates a potential upside of 101.34% from the company’s current price.

Separately, StockNews.com lowered shares of Sphere 3D from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th.

Sphere 3D Stock Performance

Shares of NASDAQ:ANY opened at $1.49 on Monday. The company’s fifty day moving average is $1.02 and its two-hundred day moving average is $1.03. Sphere 3D has a 1-year low of $0.57 and a 1-year high of $4.09. The stock has a market capitalization of $30.91 million, a price-to-earnings ratio of -1.86 and a beta of 2.80.

Hedge Funds Weigh In On Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. XTX Topco Ltd bought a new stake in shares of Sphere 3D Corp. (NASDAQ:ANY) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned approximately 0.28% of Sphere 3D at the end of the most recent reporting period. Hedge funds and other institutional investors 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.