Sphere 3D (NASDAQ:ANY) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Sphere 3D Corp. (NASDAQ:ANY)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.20 and traded as high as $2.94. Sphere 3D shares last traded at $2.89, with a volume of 301,633 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Sphere 3D in a report on Monday. Wall Street Zen cut Sphere 3D from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Sphere 3D presently has a consensus rating of “Sell”.

Sphere 3D Stock Performance

The firm has a market capitalization of $25.06 million, a PE ratio of -0.78 and a beta of 3.32. The stock’s 50-day simple moving average is $2.21 and its 200-day simple moving average is $2.15.

Sphere 3D (NASDAQ:ANY) last announced its earnings results on Friday, August 14th. The technology company reported ($1.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.49). Sphere 3D had a negative net margin of 332.50% and a negative return on equity of 111.12%. The company had revenue of $2.45 million for the quarter, compared to the consensus estimate of $3.00 million.

About Sphere 3D

Sphere 3D Corp. (NASDAQ: ANY) is a digital-asset mining company focused primarily on Bitcoin mining. The company operates and deploys specialized mining equipment used to validate transactions and secure the Bitcoin blockchain, with mining activity conducted through its own infrastructure and third-party hosting arrangements.

The company was originally involved in enterprise virtualization and data-management technologies, including its Glassware platform. Sphere 3D later shifted its strategic focus toward cryptocurrency mining and digital-asset infrastructure.