Is Sphere 3D Corp. (ANY) a Sell? The Stock Reaches 52-Week Low Today

April 15, 2018 - By Marguerite Chambers

Sphere 3D Corp. (NASDAQ:ANY) Logo

The stock of Sphere 3D Corp. (NASDAQ:ANY) hit a new 52-week low and has $0.58 target or 6.00 % below today’s $0.62 share price. The 9 months bearish chart indicates high risk for the $5.84M company. The 1-year low was reported on Apr, 15 by Barchart.com. If the $0.58 price target is reached, the company will be worth $350,100 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 43.55% or $0.479 during the last trading session, reaching $0.621. About 5.65M shares traded or 726.59% up from the average. Sphere 3D Corp. (NASDAQ:ANY) has declined 82.21% since April 15, 2017 and is downtrending. It has underperformed by 93.76% the S&P500.

Sphere 3D Corp. provides virtualization technologies and data management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company has market cap of $5.84 million. It enables organizations to deploy a combination of public, private, or hybrid cloud strategies through containerized applications, virtual desktops, virtual storage, and physical hyper-converged platforms. It currently has negative earnings. The firm offers G-Series Appliance and G-Series Cloud applications; virtual desktop management software for managing virtual desktop pools on its V3 hyper-converged appliances for virtualized desktop infrastructures; virtual desktop infrastructure appliances; RDX removable disk solutions, which use public cloud providers comprising Microsoft and Amazon for data protection; and SnapServer network attached storage solution, a platform for primary or nearline storage for integration with Windows, UNIX/Linux, and Macintosh environments.

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