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Ladenburg Thalmann initates Sphere 3D Corp (ANY) rating to a Buy

Sphere 3D Corp’s recent filing unveils that its SVP and CFO Kalbfleisch Kurt L. unloaded Company’s shares for reported $15637.0 on Dec 06 ’23. In the deal valued at $1.55 per share,10,070 shares were sold. As a result of this transaction, Kalbfleisch Kurt L. now holds 67,939 shares worth roughly $84923.75.

Then, O’Daniel Joseph sold 21,429 shares, generating $33,410 in total proceeds. Upon selling the shares at $1.56, the President now owns 1,517 shares.

Before that, Kalbfleisch Kurt L. sold 38,617 shares. Sphere 3D Corp shares valued at $35,215 were divested by the SVP and CFO at a price of $0.91 per share. As a result of the transaction, Kalbfleisch Kurt L. now holds 78,089 shares, worth roughly $97611.25.

Ladenburg Thalmann initiated its Sphere 3D Corp [ANY] rating to a Buy in a research note published on January 19, 2016; the price target was $3. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating.

Price Performance Review of ANY

On Tuesday, Sphere 3D Corp [NASDAQ:ANY] saw its stock fall -3.85% to $1.25. Over the last five days, the stock has lost -7.41%. Sphere 3D Corp shares have fallen nearly -62.35% since the year began. Nevertheless, the stocks have fallen -49.31% over the past one year. While a 52-week high of $4.09 was reached on 01/02/24, a 52-week low of $0.57 was recorded on 04/09/24. SMA at 50 days reached $1.8356, while 200 days put it at $1.7549. A total of 0.21 million shares were traded, compared to the trading of 0.56 million shares in the previous session.

Levels Of Support And Resistance For ANY Stock

The 24-hour chart illustrates a support level at 1.2200, which if violated will result in even more drops to 1.1900. On the upside, there is a resistance level at 1.2900. A further resistance level may holdings at 1.3300. The Relative Strength Index (RSI) on the 14-day chart is 37.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1069, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.66%. Stochastics %K at 4.61% indicates the stock is a buying.

How much short interest is there in Sphere 3D Corp?

A steep rise in short interest was recorded in Sphere 3D Corp stocks on Mar 15, 2024, dropping by -0.21 million shares to a total of 0.58 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.79 million shares. There was a decline of -36.38%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.29% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.58.

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