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.
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.
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 |
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
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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.
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.
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.
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.
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.
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 Sphereโs operations, influencing stock performance.