Sphere 3d Corp Stock Today
| ANY Stock | USD 1.15 0.05 4.17% |
Performance0 of 100
| Odds Of DistressOver 81
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Sphere 3D is trading at 1.15 as of the 24th of April 2024; that is -4.17 percent decrease since the beginning of the trading day. The stock's open price was 1.2. Sphere 3D has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Sphere 3D Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Software & Services | IPO Date 24th of June 2008 | Category Technology | Classification Information Technology |
Sphere 3D Corp. focuses on operating as a carbon neutral bitcoin mining company. Its products portfolio includes HVE-STACK high density server, which provides computer and storage appliance for the data centers HVE-VELOCITY, a high availability dual enclosure storage area network that offers reliability and integrity for optimal data storage, protection, and recovery HVE 3DGFX, a virtual desktop infrastructure solution HVE STAGE, a server virtualization platform and HVE VAULT, an appliance designed to handle requirements for backup and replication storage. The company has 17.8 M outstanding shares of which 667.4 K shares are presently shorted by investors with about 0.85 days to cover. More on Sphere 3D Corp
Moving together with Sphere Stock
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| 0.83 | DV | DoubleVerify Holdings Financial Report 8th of May 2024 | PairCorr |
| 0.84 | EB | Eventbrite Class A Earnings Call Next Week | 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 Earnings Call Next Week | PairCorr |
Sphere Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Sphere 3D's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Sphere 3D or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman and CEO | Eric Kelly | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | Showing 3 out of 4 themes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Systems Software, Software - Application, Information Technology, Budapest SE, NASDAQ Composite, NASDAQ Composite Total, Computers, IT, Software, Data Storage, Information Technology, Software, Software—Application, Technology, Cloud Computing (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Sphere 3D report their recommendations after researching Sphere 3D's financial statements, talking to executives and customers, or listening in on Sphere 3D's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Sphere 3D Corp. The Sphere consensus assessment is calculated by taking the average forecast from all of the analysts covering Sphere 3D. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the measurements of operating efficiency obtained from Sphere 3D's historical financial statements, Sphere 3D Corp is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in May. Financial strength of Sphere 3D Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Sphere 3D's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Sphere 3D's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Sphere 3D's financial leverage. It provides some insight into what part of Sphere 3D's total assets is financed by creditors.
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Sphere 3D Corp (ANY) is traded on NASDAQ Exchange in USA. It is located in 4 Greenwich Office Park, Greenwich, CT, United States, 06831 and employs 3 people. Sphere 3D is listed under Systems Software category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a total capitalization of 21.36 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Sphere 3D's market, we take the total number of its shares issued and multiply it by Sphere 3D's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Sphere 3D Corp runs under Software sector within Information Technology industry. The entity has 17.8 M outstanding shares of which 667.4 K shares are presently shorted by investors with about 0.85 days to cover.
Sphere 3D Corp has about 10.72 M in cash with 13.15 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.16.
Check Sphere 3D Probability Of Bankruptcy
Ownership AllocationSphere 3D Corp shows a total of 17.8 Million outstanding shares. Sphere 3D Corp has 4.75 % of its outstanding shares held by insiders and 4.38 % owned by institutional holders. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Sphere Ownership Details
Sphere Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Sphere 3D jumping above the current price in 90 days from now is about 91.0%. The Sphere 3D Corp probability density function shows the probability of Sphere 3D stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 4.5525. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Sphere 3D will likely underperform. Additionally, sphere 3D Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Sphere 3D to move above the current price in 90 days from now is about 91.0 (This Sphere 3D Corp probability density function shows the probability of Sphere Stock to fall within a particular range of prices over 90 days) .
Sphere Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Sphere 3D that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Sphere 3D's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Sphere 3D's value.| Instituion | Recorded On | Shares | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.7 K | |
| Steward Partners Investment Advisory, Llc | 2023-12-31 | 571 | |
| Ubs Group Ag | 2023-12-31 | 306 | |
| Royal Bank Of Canada | 2023-12-31 | 132 | |
| Sandy Spring Bank | 2023-12-31 | 122 | |
| Qube Research & Technologies | 2023-12-31 | 105 | |
| Cutler Group Lp | 2023-12-31 | 71.0 | |
| Tucker Asset Management Llc | 2023-12-31 | 35.0 | |
| Wells Fargo & Co | 2023-12-31 | 24.0 | |
| Vanguard Group Inc | 2023-12-31 | 450 K | |
| Jane Street Group, Llc | 2023-12-31 | 114.5 K |
Sphere 3D Historical Income Statement
Sphere 3D Corp Income Statement is one of the three primary financial statements used for reporting Sphere's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Sphere 3D Corp revenue and expense. Sphere 3D Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Sphere 3D's Total Other Income Expense Net is fairly stable compared to the past year. Total Revenue is likely to rise to about 23.5 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 6.1 M in 2024. View More FundamentalsSphere Stock Against Markets
Picking the right benchmark for Sphere 3D stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Sphere 3D stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Sphere 3D is critical whether you are bullish or bearish towards Sphere 3D Corp at a given time. Please also check how Sphere 3D's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Sphere 3D without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Sphere 3D Corporate Directors
Sphere 3D corporate directors refer to members of a Sphere 3D board of directors. The board of directors generally takes responsibility for the Sphere 3D's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Sphere 3D's board members must vote for the resolution. The Sphere 3D board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Daniel Bordessa | Director | Profile | |
| Duncan McEwan | Director | Profile | |
| Mario Biasini | Founder and Director | Profile | |
| Vivekanand Mahadevan | Director | Profile |
How to buy Sphere Stock?
Before investing in Sphere 3D, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Sphere 3D. To buy Sphere 3D stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Sphere 3D. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Sphere 3D stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Sphere 3D Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Sphere 3D Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Sphere 3D Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Sphere Stock please use our How to Invest in Sphere 3D guide.
Already Invested in Sphere 3D Corp?
The danger of trading Sphere 3D Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Sphere 3D is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Sphere 3D. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sphere 3D Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Sphere 3D Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sphere 3D's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sphere 3d Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sphere 3d Corp Stock: 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.