Sphere 3D Corp. (ANY) started the trading day on a down note, making it one of the worst performing stocks in the technology sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 22. Shares of ANY have fallen 9.42% about 30 minutes into the session to $0.48 after closing the day prior at $0.53. It’s early, but the stock has traded as high as $0.53 and as low as $0.45 so far. Today’s quick decline has come with about 232,239 shares changing hands, compared to an average 30-day volume of 347,744 for Sphere 3D Corp.. The price is currently below the 30-day volume weighted average price of $0.49 for ANY.
The share depreciation gives the company a market capitalization of $27.04 million based upon 51.02 million shares outstanding. It also means that ANY has a price-to-book ratio of 0.44:1.
In the past 52 weeks, shares of ANY have traded as low as $0.5 and as high as $3.8. Technical traders will take note that at $0.48, shares of ANY are trading below their 200-day MA at $1.13 and below their 50-day MA at $0.73. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is ANY?
Sphere 3D Corp is a technology development company. The Company delivers containerization and virtualization technologies along with data management products that enable workload-optimized solutions. The company’s 429 employees are led by CEO Eric L. Kelly from the corporate headquarters at 240 Matheson Boulevard East in Mississauga, ON.
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