Stock Jumping Abnormally High: Sphere 3D Corp. (NASDAQ:ANY)

Sphere 3D Corp. (NASDAQ:ANY) belonging to the Computer and Technology sector has surged 14.1% and closed its last trading session at $0.33.

The company reported its EPS on 11/14/2016. Currently, the stock has a 1 Year Price Target of $1.

The consensus recommendation, according to Zacks Investment research, is 3. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 3 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 3 and 3 respectively.

Sphere 3D Corp. on 11/14/2016 reported its EPS as $-0.17 with the analysts projecting the EPS of the stock as $-0.18. The company beat the analyst EPS Estimate with the difference of $0.01. This shows a surprise factor of 5.6%.

Many analysts have provided their estimated foresights on Sphere 3D Corp. Earnings, with 1 analysts believing the company would generate an Average Estimate of $-0.17. Whereas they predicted High and Low Earnings Estimate as $-0.17 and $-0.17 respectively. While in the same Quarter Previous year, the Actual EPS was $-0.2.

Analysts are also projecting an Average Revenue Estimate for Sphere 3D Corp. as $20 Million in the Current Quarter. This estimate is provided by 1 analysts. The High Revenue estimate is predicted as 20 Million, while the Low Revenue Estimate prediction stands at 20 Million. The company’s last year sales total was 18.87 Million.

The Company got Initiated by Ladenburg Thalmann on 19-Jan-16 to Buy.

1 analysts projected Price Targets for Sphere 3D Corp.. The analysts believe that the company stock price could grow as high as $1. The Low Price target projection by analysts is $1 and the Mean Price Target is $1.

Sphere 3D Corp. (NASDAQ:ANY) has the market capitalization of $16.92 Million. The company rocked its 52-Week High of $2 on Feb 9, 2016 and touched its 52-Week Low of $0.18 on Dec 20, 2016. The stock has Return on Assets (ROA) of -64.1 percent. Return on Equity (ROE) stands at -146% and Return on Investment (ROI) of -41.4 percent.

The stock is currently showing YTD performance of -78.15 Percent. The company has Beta Value of 0 and ATR value of 0.11. The Weekly and Monthly Volatility stands at 27.74% and 31.83%.

Company profile:

Sphere 3D Corporation is a virtualization technology solution provider. The Company is engaged in the development, and sale of Sphere 3D’s Glassware 2.0 ultra-thin client technology, that allows access to third party software on any Cloud connected device. Sphere 3D also develops V3 systems appliances, a series of servers that are used for virtualization; and provides Desktop Cloud Orchestrator software, which allows administrators to manage local, cloud hosted, or hybrid virtual desktop deployments. It caters to the cloud computing market. Sphere 3D Inc. is based in Mississauga, Canada.