We provide advice to complement the current
expert consensus on Sphere 3D. Our dynamic recommendation engine harnesses a multidimensional algorithm to analyze the firm's potential to grow using all technical and fundamental data available at the time.
This firm dividends can provide a clue to the current value of the stock. Sphere 3D is not expected to issue dividends this year as it is trying to preserve or re-invest any of the funds available for distribution to stakeholders.
Typically, a company's
financial statements are the reports that show the
financial position of the company. There are three main documents that fall into the category of financial statements. These documents include Sphere 3D income statement, its balance sheet, and the statement of cash flows. Potential Sphere 3D investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Sphere 3D investors may use each financial statement separately, they are all related. The changes in Sphere 3D's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Sphere 3D's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our
technical analysis and
fundamental analysis pages.
The goal of Sphere 3D
fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of Sphere 3D performance into the future periods or doing a reasonable stock valuation. The intrinsic value of Sphere 3D shares is the value that is considered the true value of the share. If
the intrinsic value of Sphere is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares Sphere 3D. Please read more on our
fundamental analysis page.
Watch out for price decline
Please consider monitoring Sphere 3D on a daily basis if you are holding a position in it. Sphere 3D is trading at a penny-stock level, and the possibility of delisting is much higher compared to other stocks. However, just because the stock is trading under one dollar, does not mean it will be marked for deletion.
Most exchanges require public instruments, such as Sphere 3D stock to be traded above the $1 level to remain listed. If Sphere 3D stock price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.
How effective is Sphere 3D in utilizing its assets?
Sphere 3D Corp reports assets on its Balance Sheet. It represents the amount of Sphere resources that either has an existing economic value or will provide some form of benefits in the future. By effectively utilizing its assets, Sphere 3D aims to generate revenue, control costs, drive operational efficiency, and enhance profitability. Optimizing asset utilization helps maximize shareholder value and maintain a competitive position in the Systems Software space. To get a better handle on how balance sheet or income statements item affect Sphere volatility, please check the breakdown of all its
fundamentals.
Are Sphere 3D Earnings Expected to grow?
The
future earnings power of Sphere 3D involves the interaction of many company-specific, industry, and economic forces. Earnings estimates embody investors' opinions of Sphere 3D factors such as sales growth, product demand, competitive industry environment, profit margins, and cost controls. Sphere 3D
stock prices adjust as these expectations change or are proven wrong. The main thing to remember is that equities with high expected earnings growth tend to underperform the market because it is usually difficult to meet the market's high expectations. Companies with low earnings expectations tend to do better than expected. Please use our latest analysis of Sphere
expected earnings.
Sphere 3D Gross Profit
Sphere 3D Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Sphere 3D previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Sphere 3D Gross Profit growth over the last 10 years. Please check Sphere 3D's
gross profit and other
fundamental indicators for more details.
Breaking it down a bit more
Although in the United States, the Securities and Exchange Commission has enforced strong rules to prevent insiders from engaging in insider trading, finding insiders among active shareholders of Sphere 3D is not uncomon. Many companies such as Sphere 3D have both institutions investors and insiders sharing the ownership. Retail investors typically buy and sell stocks in round lots of 100 shares or more. Other other hand institutional investors are known to buy and sell in block trades of 10,000 shares or more. Let's take a look at how the ownership of Sphere is distributed among investors.
Ownership Allocation
Sphere 3D Corp shows a total of nineteen million seven hundred fifty thousand
outstanding shares. Sphere 3D Corp maintains significant amount of outstanding shares owned by
insiders. An
insider is usually defined as a CEO, other corporate executive, director, or
institutional investor who own at least 10% of the company outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how much 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.
| Retail Investors63.1% | Insiders29.32% | Institutions7.58% |
| Retail Investors | 63.1 |
| Insiders | 29.32 |
| Institutions | 7.58 |
Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Sphere 3D has an asset utilization ratio of 3.44 percent. This suggests that the company is making $0.0344 for each dollar of assets. An increasing asset utilization means that Sphere 3D Corp is more efficient with each dollar of assets it utilizes for everyday operations.
| Assets Non Current10 M | Goodwill4.1 M |
| Current Assets | 2.15 Million | 13.21 |
| Assets Non Current | 10 Million | 61.56 |
| Goodwill | 4.1 Million | 25.23 |
Our take on today Sphere 3D rise
The kurtosis is down to 4.18 as of today. Sphere 3D Corp is displaying above-average volatility over the selected time horizon. Investors should scrutinize Sphere 3D Corp independently to ensure intended market timing strategies are aligned with expectations about Sphere 3D volatility. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Sphere 3D's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Sphere 3D's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
While some firms under the software—application industry are still a bit expensive, Sphere 3D may offer a potential longer-term growth to investors. With a less-than optimistic outlook for your 90 days horizon, it may be a good time to exit some or all of your Sphere 3D holdings as it seems the potential growth was already fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Sphere 3D.
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Gabriel Shpitalnik is a Member of Macroaxis Editorial Board. Gabriel is a young entrepreneur and writes predominantly on the business, technology, and finance sector. He likes to analyze different equity instruments across a wide range of industries focusing primarily on consumer products and evolving technologies.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Sphere 3D Corp. Please refer to our
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