HC Wainwright Has Bullish Forecast for Sphere 3D Q2 Earnings

Sphere 3D Corp. (NASDAQ:ANY) – Stock analysts at HC Wainwright upped their Q2 2025 earnings estimates for shares of Sphere 3D in a research report issued to clients and investors on Wednesday, May 21st. HC Wainwright analyst K. Dede now anticipates that the technology company will earn ($0.11) per share for the quarter, up from their previous estimate of ($0.13). HC Wainwright currently has a “Buy” rating and a $3.00 price target on the stock. The consensus estimate for Sphere 3D’s current full-year earnings is ($0.58) per share. HC Wainwright also issued estimates for Sphere 3D’s FY2025 earnings at ($0.57) EPS.

Separately, Wall Street Zen started coverage on Sphere 3D in a report on Friday, May 2nd. They issued a “sell” rating on the stock.

Sphere 3D Stock Performance

Sphere 3D stock opened at $0.89 on Friday. Sphere 3D has a 52 week low of $0.36 and a 52 week high of $1.90. The firm has a market capitalization of $23.45 million, a PE ratio of -1.11 and a beta of 3.64. The business’s 50-day simple moving average is $0.56 and its 200-day simple moving average is $0.85.

Sphere 3D (NASDAQ:ANY) last released its earnings results on Wednesday, May 14th. The technology company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.03). The firm had revenue of $2.82 million for the quarter, compared to analyst estimates of $3.09 million. Sphere 3D had a negative return on equity of 49.54% and a negative net margin of 50.87%.

Hedge Funds Weigh In On Sphere 3D

A number of institutional investors and hedge funds have recently bought and sold shares of ANY. Two Sigma Securities LLC bought a new stake in Sphere 3D in the 4th quarter valued at $30,000. Two Sigma Investments LP lifted its stake in shares of Sphere 3D by 92.0% in the fourth quarter. Two Sigma Investments LP now owns 34,595 shares of the technology company’s stock valued at $33,000 after buying an additional 16,577 shares during the period. Finally, Armistice Capital LLC grew its position in Sphere 3D by 1.4% during the first quarter. Armistice Capital LLC now owns 2,204,934 shares of the technology company’s stock worth $879,000 after buying an additional 30,934 shares in the last quarter. Institutional investors own 17.28% of the company’s stock.

Sphere 3D Company Profile

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.