Sphere 3d Corp Stock Earnings Per Share
| ANY Stock | USD 1.15 0.05 4.17% |
Sphere 3D Corp fundamentals help investors to digest information that contributes to Sphere 3D's financial success or failures. It also enables traders to predict the movement of Sphere Stock. The fundamental analysis module provides a way to measure Sphere 3D's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Sphere 3D stock.
Sphere | Earnings Per Share |
Sphere 3D Corp Company Earnings Per Share Analysis
Sphere 3D's Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
Current Sphere 3D Earnings Per Share | (1.93) X |
Most of Sphere 3D's fundamental indicators, such as Earnings Per Share, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Sphere 3D Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Sphere Earnings Per Share Driver Correlations
Understanding the fundamental principles of building solid financial models for Sphere 3D is extremely important. It helps to project a fair market value of Sphere Stock properly, considering its historical fundamentals such as Earnings Per Share. Since Sphere 3D's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Sphere 3D's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Sphere 3D's interrelated accounts and indicators.
Click cells to compare fundamentals
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
| Competition |
Sphere Common Stock Shares Outstanding
Common Stock Shares Outstanding |
|
According to the company disclosure, Sphere 3D Corp has an Earnings Per Share of -1.93 times. This is 296.94% lower than that of the Software sector and significantly lower than that of the Information Technology industry. The earnings per share for all United States stocks is 161.86% higher than that of the company.
Sphere Earnings Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sphere 3D's direct or indirect competition against its Earnings Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Sphere 3D could also be used in its relative valuation, which is a method of valuing Sphere 3D by comparing valuation metrics of similar companies.Sphere 3D is currently under evaluation in earnings per share category among related companies.
Sphere Fundamentals
| Return On Equity | -0.42 | ||||
| Return On Asset | -0.17 | ||||
| Profit Margin | (1.07) % | ||||
| Operating Margin | (0.59) % | ||||
| Current Valuation | 34.56 M | ||||
| Shares Outstanding | 17.8 M | ||||
| Shares Owned By Insiders | 4.75 % | ||||
| Shares Owned By Institutions | 4.38 % | ||||
| Number Of Shares Shorted | 667.4 K | ||||
| Price To Earning | (0.10) X | ||||
| Price To Book | 0.73 X | ||||
| Price To Sales | 0.88 X | ||||
| Revenue | 21.91 M | ||||
| Gross Profit | 1.7 M | ||||
| EBITDA | (20.35 M) | ||||
| Net Income | (23.41 M) | ||||
| Cash And Equivalents | 10.72 M | ||||
| Cash Per Share | 0.16 X | ||||
| Total Debt | 3.05 M | ||||
| Debt To Equity | 0.69 % | ||||
| Current Ratio | 12.13 X | ||||
| Book Value Per Share | 1.73 X | ||||
| Cash Flow From Operations | 13.15 M | ||||
| Short Ratio | 0.85 X | ||||
| Earnings Per Share | (1.93) X | ||||
| Price To Earnings To Growth | (0.02) X | ||||
| Target Price | 4.0 | ||||
| Beta | 2.8 | ||||
| Market Capitalization | 21.36 M | ||||
| Total Asset | 49.85 M | ||||
| Retained Earnings | (447.37 M) | ||||
| Working Capital | 8.16 M | ||||
| Current Asset | 36.54 M | ||||
| Current Liabilities | 46.4 M | ||||
| Net Asset | 49.85 M |
About Sphere 3D Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sphere 3D Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sphere 3D using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sphere 3D Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Sphere 3D in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Sphere 3D's short interest history, or implied volatility extrapolated from Sphere 3D options trading.
Pair Trading with Sphere 3D
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sphere 3D position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sphere 3D will appreciate offsetting losses from the drop in the long position's value.Moving together with Sphere Stock
| 0.9 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
| 0.64 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
Moving against Sphere Stock
| 0.86 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
| 0.55 | DPSI | DecisionPoint Systems Financial Report 20th of May 2024 | PairCorr |
| 0.51 | DJCO | Daily Journal Corp | PairCorr |
| 0.46 | DOCU | DocuSign Financial Report 13th of June 2024 | PairCorr |
| 0.41 | BL | Blackline Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Sphere 3D could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sphere 3D when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sphere 3D - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sphere 3D Corp to buy it.
The correlation of Sphere 3D is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sphere 3D moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sphere 3D Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sphere 3D can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Sphere 3D Piotroski F Score and Sphere 3D Altman Z Score analysis. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |
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.