Sphere 3D (NASDAQ:ANY – Get Free Report) announced its earnings results on Friday. The technology company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.02), Zacks reports. The firm had revenue of $2.64 million for the quarter, compared to analyst estimates of $6.72 million. Sphere 3D had a negative net margin of 50.87% and a negative return on equity of 49.54%.
Sphere 3D Trading Down 8.9 %
ANY opened at $0.42 on Friday. The firm has a market capitalization of $10.66 million, a PE ratio of -0.52 and a beta of 3.11. Sphere 3D has a twelve month low of $0.41 and a twelve month high of $1.90. The firm’s 50-day moving average price is $0.68 and its 200 day moving average price is $0.96.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on Sphere 3D in a research report on Tuesday. They set 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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