Sphere 3d Corp Stock Price on December 1, 2021
| ANY Stock | USD 1.06 0.02 1.92% |
Below is the normalized historical share price chart for Sphere 3D Corp extending back to August 12, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Sphere 3D stands at 1.06, as last reported on the 18th of April 2024, with the highest price reaching 1.09 and the lowest price hitting 0.99 during the day.
If you're considering investing in Sphere Stock, it is important to understand the factors that can impact its price. Sphere 3D Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0744, which indicates the firm had a -0.0744% return per unit of risk over the last 3 months. Sphere 3D Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sphere 3D's Coefficient Of Variation of (1,261), variance of 60.38, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide.
At this time, Sphere 3D's Common Stock Shares Outstanding is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to rise to about 63 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 37.2 M in 2024. . Price Earnings To Growth Ratio is likely to rise to 0.02 in 2024, whereas Price To Sales Ratio is likely to drop 1.75 in 2024. Sphere Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 24th of June 2008 | 200 Day MA 1.7294 | 50 Day MA 1.7342 | Beta 2.797 |
Sphere |
Sharpe Ratio = -0.0744
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Estimated Market Risk
| 7.87 actual daily | 69 69% of assets are less volatile |
Expected Return
| -0.59 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Sphere 3D is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sphere 3D by adding Sphere 3D to a well-diversified portfolio.
Price Book 0.7314 | Enterprise Value Ebitda (1.25) | Price Sales 0.8774 | Shares Float 16.9 M | Wall Street Target Price 4 |
Sphere 3D Valuation on December 1, 2021
It is possible to determine the worth of Sphere 3D on a given historical date. On December 1, 2021 Sphere was worth 2.19 at the beginning of the trading date compared to the closed value of 15.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sphere 3D stock. Still, in general, we apply an absolute valuation method to find Sphere 3D's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Sphere 3D where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sphere 3D's related companies.
| Open | High | Low | Close | Volume | |
04/04/2022 | 2.19 | 15.19 | 15.19 | 15.19 | 1,376,067 |
| 2.31 | 17.71 | 17.71 | 17.71 | 7,854,763 |
| Backtest Sphere 3D | | | Sphere 3D History | | | Sphere 3D Valuation | Next |
Sphere 3D Trading Date Momentum on December 1, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Sphere 3D Corp Fundamentals Correlations and Trends
By evaluating Sphere 3D's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Sphere 3D's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sphere financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sphere 3D Stock history
Sphere 3D investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Sphere is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sphere 3D Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Sphere 3D stock prices may prove useful in developing a viable investing in Sphere 3D
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 12.1 M | 12.7 M | |
| Net Loss | -16 M | -16.8 M |
Sphere 3D Stock Technical Analysis
Sphere 3D technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Sphere 3D Period Price Range
Low | April 4, 2022
| High |
2.19 | 15.19 |
Sphere 3D April 18, 2024 Market Strength
Market strength indicators help investors to evaluate how Sphere 3D stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sphere 3D shares will generate the highest return on investment. By undertsting and applying Sphere 3D stock market strength indicators, traders can identify Sphere 3D Corp entry and exit signals to maximize returns
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 6.94 | |||
| Day Median Price | 15.19 | |||
| Day Typical Price | 15.19 | |||
| Price Action Indicator | 6.5 | |||
| Period Momentum Indicator | (14.13) |
Sphere 3D Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sphere 3D's price direction in advance. Along with the technical and fundamental analysis of Sphere Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sphere to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.81) | |||
| Total Risk Alpha | (1.19) | |||
| Treynor Ratio | (0.16) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sphere 3D Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Sphere Stock analysis
When running Sphere 3D's price analysis, check to measure Sphere 3D's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sphere 3D is operating at the current time. Most of Sphere 3D's value examination focuses on studying past and present price action to predict the probability of Sphere 3D's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sphere 3D's price. Additionally, you may evaluate how the addition of Sphere 3D to your portfolios can decrease your overall portfolio volatility.
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Is Sphere 3D's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sphere 3D. If investors know Sphere will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sphere 3D listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.93) | Revenue Per Share 1.806 | Quarterly Revenue Growth 4.385 | Return On Assets (0.17) | Return On Equity (0.42) |
The market value of Sphere 3D Corp is measured differently than its book value, which is the value of Sphere that is recorded on the company's balance sheet. Investors also form their own opinion of Sphere 3D's value that differs from its market value or its book value, called intrinsic value, which is Sphere 3D's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sphere 3D's market value can be influenced by many factors that don't directly affect Sphere 3D's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sphere 3D's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sphere 3D is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sphere 3D's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.