ANY Stock Summary and Trading Ideas (Sphere 3D Corp. - Common Shares | NASDAQ:ANY)

Sphere 3D Corp provides solutions for stand-alone storage and technologies that converge the traditional silos of compute, storage, and network into integrated hyper-converged or converged solution. Its Disk systems include HVE Converged and Hyper-converged Infrastructure. It generates the majority of its revenue from the services it offers. All of its revenue comes from the Americas. The Company has two operating segments: Digital Mining and Service and Product. The Digital Mining segment generates revenue from the digital currency, it earns through its bitcoin mining activities. The Service and Product segment generates revenue from long-term customer contracts for service contracts and extended service contract and the sale of products related to the Company's data storage product line.

Sphere 3D Corp. - Common Shares trades on the NASDAQ stock market under the symbol ANY.

As of January 14, 2025, ANY stock price declined to $1.00 with 497,843 million shares trading.

ANY has a beta of 2.30, meaning it tends to be more sensitive to market movements. ANY has a correlation of 0.07 to the broad based SPY ETF.

ANY has a market cap of $25.45 million. This is considered a Sub-Micro Cap stock.

Last quarter Sphere 3D Corp. - Common Shares reported $2 million in Revenue and $.01 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.20.

In the last 3 years, ANY traded as high as $23.87 and as low as $.57.

The top ETF exchange traded funds that ANY belongs to (by Net Assets): VTI.

ANY has underperformed the market in the last year with a return of -48.2%, while SPY returned +23.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ANY shares. However, ANY has outperformed the market in the last 3 month and 2 week periods, returning +15.6% and +6.4%, while SPY returned +0.8% and -1.0%, respectively. This indicates ANY has been having a stronger performance recently.

ANY support price is $.97 and resistance is $1.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ANY shares will trade within this expected range on the day.