Sphere 3D Corp. (NASDAQ:ANY) is among the top gainers of the stock market today, skyrocketing 5.44% or (0.04 points) to $0.81 from its previous close of $0.77. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 98944 contracts so far this session. ANY shares had a relatively better volume day versus average trading capacity of 128.78 thousand shares, but with a 2.71 million float and a -1.93% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for ANY stock indicates that the average analyst price target is $5 per share. This means the stock has a potential increase of 517.28% from where the ANY share price has been trading recently.
During the recent trading session for Sphere 3D Corp. (NASDAQ:ANY), the company witnessed their stock rise $0.04 over a week and surge $0.1 from the price 20 days ago. When compared to their established 52-week high of $3.63, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 02/20/19. The recent low of $0.66 stood for a -77.63% since 09/12/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.19 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Sphere 3D Corp., the two-week RSI stands at 55.95. This figure suggests that ANY stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current ANY readings is similarly very revealing as it has a stochastic reading of 58.55% at this stage. This figure means that ANY share price today is being neutral.
Technical chart claims that Sphere 3D Corp. (ANY) would settle between $0.78/share to $0.8/share level. However, if the stock price goes below the $0.75 mark, then the market for Sphere 3D Corp. becomes much weaker. If that happens, the stock price might even plunge as low as $0.74 for its downside target.
Analysts at Ladenburg Thalmann, assumed coverage of ANY assigning Buy rating, according to their opinion released on January 19. ROTH Capital, analysts launched coverage of Sphere 3D Corp. (NASDAQ:ANY) stock with a Buy recommendation, according to their flash note issued to investors on June 24.