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Up More Than 125% YTD, Does Sphere 3D Have More Room to Run?

Published 07/14/2021, 01:29 PM
Updated 07/14/2021, 03:30 PM
© Reuters.  Up More Than 125% YTD, Does Sphere 3D Have More Room to Run?

Shares of Canadian software company Sphere 3D (ANY) are currently in the limelight due to the company’s impending merger with sustainable bitcoin mining company Gryphon Digital Mining. With Gen Z retail investors investing heavily in the stock, ANY has surged more than 126% year-to-date. But will the stock be able to deliver stable returns over the long term? Read more to find out.Canadian software development company Sphere 3D Corp. (ANY) has lately been attracting the attention of retail investors because of its high-profile mergers. This has made it a highly coveted meme stock now.

ANY is frequently discussed in Reddit forum r/pennystocks. The stock has gained 126.6% year-to-date, and 20.9% over the past month.

So, here’s what we think could shape ANY’s performance in the near term:

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