|Bid||1.9600 x 2900|
|Ask||2.0100 x 3000|
|Day's Range||1.9500 - 2.2200|
|52 Week Range||1.2800 - 11.9800|
|Beta (5Y Monthly)||2.15|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Technical analysis can be helpful when evaluating penny stocks—provided there is enough trading volume to back up the chart patterns.
The stock of the data management company that is pivoting to cryptocurrency mining was down 13.5% as of 11:46 a.m. EST today. On Nov. 15, Sphere 3D released its earnings results for the three months ending in September of this year. While Sphere 3D's legacy business is data management solutions, the company is pivoting hard into cryptocurrency mining.
Canada-based Sphere 3D Corp (NASDAQ:ANY) is just coming off an incredible run-up in price. As I’ve noted previously, this big jump in the ANY stock had nothing to do with the company’s legacy software business, and everything to do with its pending move into the Bitcoin (CCC:BTC-USD) mining industry. So, despite the plethora of Bitcoin mining stocks out there, and inherent volatility of crypto itself, ANY stock still has solid long-term potential. Source: Mark Agnor / Shutterstock.com Once it be