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How Will the Market React to Sphere 3D Corp (ANY) Stock Getting a Bearish Rating

Friday, September 18, 2020 11:19 AM | InvestorsObserver Analysts

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How Will the Market React to Sphere 3D Corp (ANY) Stock Getting a Bearish Rating

Sphere 3D Corp (ANY) stock is up 1.17% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bearish
Sphere 3D Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ANY!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With ANY Stock Today?

Sphere 3D Corp (ANY) stock has gained 6.15% while the S&P 500 has fallen -0.84% as of 11:17 AM on Friday, Sep 18. ANY has risen $0.15 from the previous closing price of $2.44 on volume of 273,550 shares. Over the past year the S&P 500 is up 11.65% while ANY has risen 90.44%. ANY lost -$1.05 per share in the over the last 12 months.

To see InvestorsObserver's Sentiment Score for Sphere 3D Corp click here.

More About Sphere 3D Corp

Sphere 3D Corp delivers virtualization technology and data management solutions. It operates in one segment which is Providing data management, and desktop and application virtualization solutions for small and medium businesses and distributed enterprises. The company's portfolio of brands includes SnapCLOUD, SnapServer, SnapSync, HVE and V3. It derives revenue primarily from solutions for standalone storage and integrated hyper-converged storage; professional services; and warranty and customer services. The company has a business presence in the geographical regions of the Americas, APAC and EMEA, of which prime revenue is derived from the Americas.

Click Here to get the full Stock Score Report on Sphere 3D Corp (ANY) Stock.

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