Stocks Retreat on New Development: Sphere 3D Corp. (NASDAQ:ANY), Costco Wholesale (NASDAQ:COST)

Sphere 3D Corp. (NASDAQ:ANY) [Trend Analysis] surged reacts as active mover, shares an increase 8.39% to traded at $0.35 and the percentage gap between open changing to regular change was 5.59%. Sphere 3D Corp. (ANY) reported that it has received a letter from the Listing Qualifications Staff of the Nasdaq Stock Market granting the Company an extension until July 31, 2017 to regain compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). If at any time before July 31, 2017, the bid price of the Company’s common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, the Company will regain compliance with the Rule, and the matter will be closed.

If the Company does not regain compliance with the Rule by July 31, 2017 the Company may be subject to delisting from NASDAQ. In connection with the grant of the extension to regain compliance with the Rule, the listing of the Company’s common shares will be transferred, at the Company’s request, to the NASDAQ Capital Market under the existing ticker symbol (ANY) at the opening of business on February 2, 2017. The firm’s current ratio calculated as 1.10 for the most recent quarter. The firm past twelve months price to sales ratio was 0.20 and price to cash ratio remained 3.11. As far as the returns are concern, the return on equity was recorded as -146.00% and return on investment was -41.40% while its return on asset stayed at -64.10%. The firm has total debt to equity ratio measured as 2.08.

Costco Wholesale Corporation (NASDAQ:COST) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -1.27% to $161.86. Costco Wholesale Corp. (COST) declared that that its total comparable sales for the month of January 2017 surged 7 percent, with a 6 percent increase in U.S., a 11 percent rise in Canada, and Other International comparable sales rose 4 percent.

Monthly total Comparable sales, excluding the impacts from changes in gasoline prices and foreign exchange, were up 5 percent, with a 5 percent rise in U.S., a 1 percent increase in Canada, and 8 percent rise in Other International comparable sales.Net sales were $9.08 billion for the month of January, the four weeks ended January 29, 2017, an increase of nine percent from $8.32 billion during the similar period last year. The share price of COST attracts active investors, as stock price of week volatility recorded 1.41%. The stock is going forward to its 52-week low with 17.48% and lagging behind from its 52-week high price with -4.26%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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