Sphere 3D (NASDAQ:ANY – Get Free Report) posted its quarterly earnings results on Friday. The technology company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.02), Zacks reports. The company had revenue of $2.64 million for the quarter, compared to analyst estimates of $6.72 million. Sphere 3D had a negative return on equity of 49.54% and a negative net margin of 50.87%.
Sphere 3D Stock Down 8.9 %
Shares of Sphere 3D stock opened at $0.42 on Friday. Sphere 3D has a 12-month low of $0.41 and a 12-month high of $1.90. The stock has a 50 day moving average price of $0.68 and a two-hundred day moving average price of $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.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on shares of Sphere 3D in a report on Tuesday, March 25th. They issued 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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