Sphere 3D Corp

Sphere 3D Corp Stock Forecast & Price Prediction

Live Sphere 3D Corp Stock (ANY) Price
$0.86

1

Ratings

  • Buy 0
  • Hold 1
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$0.86

P/E Ratio

-0.45

Volume Traded Today

$92,924

Dividend

Dividends not available for ANY

52 Week High/low

4.09/0.57

Sphere 3D Corp Market Cap

$18.3M

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ANY Summary

From what 1 stock analysts predict, the share price for Sphere 3D Corp (ANY) might increase by 248.84% in the next year. This is based on a 12-month average estimation for ANY. Price targets go from $3 to $3. The majority of stock analysts believe ANY is a hold. Please note analyst price targets are not guaranteed and could be missed completely.

ANY Analyst Ratings

Sphere 3D Corp has a total of 1 Wall St Analyst ratings. There are 0 buy ratings, 1 ratings, and 0 sell ratings. Since most analysts have a hold consensus rating, the expectation is that Sphere 3D Corp will generate similar returns as the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.

ANY stock forecast by analyst

These are the latest 20 analyst ratings of ANY.

Analyst/Firm

Rating

Price Target

Change

Date

Kevin Dede
HC Wainwright & Co.

Buy

$3

Maintains

Aug 19, 2024
Kevin Dede
HC Wainwright & Co.

Buy

$4

Reiterates

May 16, 2024
Kevin Dede
HC Wainwright & Co.

Buy

$5

Initiates

Dec 28, 2023

Ladenburg Thalmann

Buy


Initiates

Nov 25, 2020

Roth Capital

Buy


Initiates

Nov 25, 2020

Ladenburg Thalmann

Buy


Initiates

Jan 19, 2016

Roth Capital

Buy


Initiates

Jun 24, 2015

ANY Company Information

What They Do: Engages in bitcoin mining operations.

Business Model: The company operates by partnering with digital asset mining pool operators, supplying computing power to enhance mining efficiency and profitability. This model allows Sphere 3D to generate revenue through participation in the bitcoin mining ecosystem.

Other Information: Based in Stamford, Connecticut, Sphere 3D Corp. is positioned in the growing cryptocurrency market, which presents potential for significant returns as demand for digital assets continues to rise.
ANY
Sphere 3D Corp (ANY)

When did it IPO

2013

Staff Count

3

Country

United States

Sector/Industry

Financial Services/Capital Markets

CEO

Ms. Patricia Trompeter

Market Cap

$18.3M

Sphere 3D Corp (ANY) Financial Data

In 2023, ANY generated $21.9M in revenue, which was a increase of 260.47% from the previous year. This can be seen as a signal that ANY's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$4.8M

Revenue From 2021

$3.7M

-23.27 %
From Previous Year

Revenue From 2022

$6.1M

63.36 %
From Previous Year

Revenue From 2023

$21.9M

260.47 %
From Previous Year
  • Revenue TTM $25.0M
  • Operating Margin TTM -89.2%
  • Gross profit TTM $6.0M
  • Return on assets TTM -16.7%
  • Return on equity TTM -35.4%
  • Profit Margin -69.6%
  • Book Value Per Share 1.64%
  • Market capitalisation $18.3M
  • Revenue for 2021 $3.7M
  • Revenue for 2022 $6.1M
  • Revenue for 2023 $21.9M
  • EPS this year (TTM) $-1.28

Sphere 3D Corp (ANY) Latest News

News Image

Mon, 23 Sep 2024

Sentiment - NEUTRAL

Source - Newsfile Corp

Summary - Sphere 3D Corp. (NASDAQ: ANY) reported 12.7 Bitcoin mined in August 2024, with a deployed hash rate of 1.0 EH/s. Mining revenue decreased to $0.8 million amid strategic growth efforts.

Why It Matters - The update reveals declining Bitcoin production and revenue, signaling operational challenges. Strategic moves for growth in Iowa may impact future performance and investor confidence.

News Image

Mon, 09 Sep 2024

Sentiment - NEUTRAL

Source - Newsfile Corp

Summary - Sphere 3D Corp. (NASDAQ: ANY) is developing a 12.5 MW Bitcoin mining site in Iowa, expected to be operational by December, with power costs around 4 cents. They partnered with Simple Mining for site management.

Why It Matters - Sphere 3D's new Iowa site enhances its Bitcoin mining capacity at low power costs, potentially boosting profitability and competitiveness in the crypto market.

News Image

Mon, 19 Aug 2024

Sentiment - NEUTRAL

Source - Newsfile Corp

Summary - Sphere 3D Corp. reported July 2024 results: 16.8 BTC mined, $1.0M revenue, and hash rate steady at 1.2 EH/s. They plan to upgrade mining fleet and focus on strategic partnerships.

Why It Matters - Decreased Bitcoin production and revenue signal operational challenges. Upgrade plans may boost efficiency, but dwindling Bitcoin holdings raise concerns about future profitability and market positioning.

News Image

Tue, 13 Aug 2024

Sentiment - NEUTRAL

Source - Newsfile Corp

Summary - Sphere 3D Corp. (NASDAQ: ANY) reported a $7.3 million unrealized gain on equity securities for Q2 2024. The company operates in the Bitcoin mining sector.

Why It Matters - Sphere 3D's $7.3 million unrealized gain indicates strong financial performance and potential for future profitability, positively influencing investor sentiment and stock valuation.

News Image

Tue, 13 Aug 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - Sphere 3D Corp. reported a quarterly loss of $0.21 per share, better than the Zacks estimate of $0.24, and an improvement from a loss of $0.44 per share a year prior.

Why It Matters - Sphere 3D's smaller-than-expected loss indicates improving financial performance, potentially boosting investor confidence and affecting stock price positively.

News Image

Thu, 18 Jul 2024

Sentiment - NEUTRAL

Source - Newsfile Corp

Summary - Sphere 3D Corp. (NASDAQ: ANY) responded to Gryphon Digital Mining's claims about liability for CFO impersonation, stating Gryphon has already compensated Sphere for the incident.

Why It Matters - Sphere 3D's clarification on liability with Gryphon impacts investor confidence and legal perceptions. Positive resolution may stabilize Sphereโ€™s operations, influencing stock performance.

...

ANY Frequently asked questions

The highest forecasted price for ANY is $3 from Kevin Dede at HC Wainwright & Co..

The lowest forecasted price for ANY is $3 from Kevin Dede from HC Wainwright & Co.

The ANY analyst ratings consensus are 0 buy ratings, 1 hold ratings, and 0 sell ratings.