Sphere Stock Analysis

ANY -  USA Stock  

USD 2.35  0.10  4.08%

The current indifference towards the small price fluctuations of Sphere 3D could raise concerns from investors as the company it trading at a share price of 2.35 on 1,910,716 in volume. The company executives did not add any value to Sphere 3D Corp investors in May. However, most investors can still diversify their portfolios with Sphere 3D to hedge their inherited risk against high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 9.35. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Sphere 3D Corp partners.
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The Sphere 3D stock analysis report makes it easy to digest most publicly released information about Sphere 3D and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Sphere stock analysis module also helps to analyze the Sphere 3D price relationship with some important fundamental indicators such as market cap and management efficiency.

Sphere Stock Analysis Notes

About 28.0% of the company shares are held by company insiders. The company recorded a loss per share of 0.98. Sphere 3D Corp had not issued any dividends in recent years. The entity had a split on the 6th of November 2018. Sphere 3D Corp. provides data management, and desktop and application virtualization solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Sphere 3D Corp. was incorporated in 2007 and is based in Toronto, Canada. Sphere 3D operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 32 people. For more info on Sphere 3D Corp please contact Eric Kelly at 858 571 5555 or go to http://www.sphere3d.com.

Sphere 3D Quarterly Cost of Revenue

509,000Share

Sphere 3D Corp Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Sphere 3D's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Sphere 3D Corp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Sphere 3D Corp has very high historical volatility over the last 90 days
The company has 3.05 M in debt with debt to equity (D/E) ratio of 0.69, which is OK given its current industry classification. Sphere 3D Corp has a current ratio of 0.3, suggesting that it has not enough short term capital to pay financial commitments when the payables are due.
The entity reported the last year's revenue of 4.78 M. Reported Net Loss for the year was (7.24 M) with profit before taxes, overhead, and interest of 2.25 M.
Sphere 3D Corp has about 493 K in cash with (3.02 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05.
Sphere 3D Corp has a frail financial position based on the latest SEC disclosures
Roughly 28.0% of Sphere 3D shares are held by company insiders
Latest headline from www.equities.com: Sphere 3D Corp soared 60.5000 percent for June 10 - Equities.com

Sphere 3D SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Sphere 3D prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Sphere 3D investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Sphere 3D Corp specific information freely available to individual and institutional investors to make a timely investment decision.

Sphere Market Capitalization

The company currently falls under 'Micro-Cap' category with total capitalization of 33.56 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 these looking for more risk prefer small-cap and mid-cap equities.

Sphere Profitablity

Sphere 3D's profitability indicators refer to fundamental financial ratios that showcase Sphere 3D's ability to generate income relative to its revenue or operating costs. If, let's say, Sphere 3D is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Sphere 3D's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Sphere 3D's profitability requires more research than a typical breakdown of Sphere 3D's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of (147.51) %, which means that it does not effectively control expenditures or properly executes on its pricing strategies. This is way below average. In the same way, it shows Net Operating Margin of (121.18) %, which entails that for every $100 of revenue, it lost -1.21.
Last ReportedProjected for 2021
Return on Average Assets(0.52) (0.56) 
Return on Average Equity(1.88) (2.02) 
Return on Invested Capital(3.60) (3.69) 
Return on Sales(1.04) (1.12) 

Management Efficiency

The entity has Return on Asset of (37.42) % which means that on every $100 spent on asset, it lost $37.42. This is way below average. In the same way, it shows return on shareholders equity (ROE) of (303.47) %, meaning that it generated no profit with money invested by stockholders. Sphere 3D management efficiency ratios could be used to measure how well sphere 3d corp manages its routine affairs as well as how well it operates its assets and liabilities. Return on Average Assets is likely to drop to -0.56 in 2021. Return on Average Equity is likely to drop to -2.02 in 2021. Sphere 3D Total Assets are fairly stable at the moment as compared to the past year. Sphere 3D reported Total Assets of 11.83 Million in 2020. Current Assets is likely to rise to about 2.1 M in 2021, whereas Return on Average Assets are likely to drop (0.56)  in 2021.
Last ReportedProjected for 2021
Book Value per Share 0.85  0.87 
Enterprise Value over EBIT(2.00) (2.16) 
Enterprise Value over EBITDA(2.68) (2.89) 
Price to Book Value 2.25  2.56 
Tangible Assets Book Value per Share 1.33  1.37 
Enterprise Value10.9 M11.2 M
Tangible Asset Value7.8 MM

Technical Drivers

As of the 17th of June 2021, Sphere 3D has the Risk Adjusted Performance of 0.0387, coefficient of variation of 2125.97, and Semi Deviation of 6.57. Sphere 3D technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Sphere 3D Corp, which can be compared to its competition. Please validate Sphere 3D Corp mean deviation, information ratio, as well as the relationship between the Information Ratio and downside variance to decide if Sphere 3D is priced more or less accurately, providing market reflects its prevalent price of 2.35 per share. Please also confirm Sphere 3D Corp total risk alpha, which is currently at (0.48) to double-check the company can sustain itself at a future point.

Sphere 3D Corp Price Movement Analysis

The output start index for this execution was fourty-nine with a total number of output elements of twelve. The Exponential Moving Average is calculated by weighting recent values of Sphere 3D Corp more heavily than older values. View also all equity analysis or get more info about exponential moving average overlap studies indicator.

Sphere 3D Corp Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Sphere 3D insiders, such as employees or executives, is commonly permitted as long as it does not rely on Sphere 3D's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Sphere 3D insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Sphere 3D Predictive Daily Indicators

Sphere 3D intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Sphere 3D stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Sphere 3D Forecast Models

Sphere 3D time-series forecasting models is one of many Sphere 3D's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Sphere 3D's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Sphere 3D Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Sphere 3D stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Sphere shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Sphere 3D. By using and applying Sphere Stock analysis, traders can create a robust methodology for identifying Sphere entry and exit points for their positions.
Last ReportedProjected for 2021
EBITDA Margin(0.84) (0.91) 
Gross Margin 0.46  0.43 
Profit Margin(1.19) (1.29) 
Sphere 3D Corp. provides data management, and desktop and application virtualization solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Sphere 3D Corp. was incorporated in 2007 and is based in Toronto, Canada. Sphere 3D operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 32 people.

Current Sphere Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Sphere analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Sphere analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
1.0Hold1Odds
Sphere 3D Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Sphere analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Sphere stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Sphere 3D Corp, talking to its executives and customers, or listening to Sphere conference calls.
Sphere Analyst Advice Details

Sphere Stock Analysis Indicators

Sphere 3D Corp stock analysis indicators help investors 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 understating and applying Sphere 3D stock analysis, traders can identify Sphere 3D position entry and exit signals to maximize returns.
Quick Ratio0.11
Fifty Two Week Low1.2300
Revenue Growth-6.90%
Shares Short Prior Month868.04k
Average Daily Volume Last 10 Day36.44M
Average Daily Volume In Three Month4.94M
Shares Percent Shares Out2.18%
Gross Margins46.40%
Short Percent Of Float2.18%
Forward Price Earnings-4.32
Float Shares5.84M
Fifty Two Week High5.5500
Enterprise Value To Ebitda-8.57
Fifty Day Average1.7393
Two Hundred Day Average2.1338
Enterprise Value To Revenue8.81
Please continue to Trending Equities. Note that the Sphere 3D Corp information on this page should be used as a complementary analysis to other Sphere 3D's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for Sphere 3D Stock analysis

When running Sphere 3D Corp stock 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 stock 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 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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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 stock'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 Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sphere 3D's stock value and its price as these two are different measures arrived at by different means. Investors typically determine Sphere 3D value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sphere 3D's stock 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.