Sphere Stock Analysis

ANY -  USA Stock  

USD 2.01  0.21  9.46%

The big decline in price over the last few months for Sphere 3D could raise concerns from investors as the company it trading at a share price of 2.01 on 4,205,934 in volume. The company directors and management failed to add value to investors and positioning the company supply of money to exploit market volatility in December. However, diversifying your holdings with Sphere 3D Corp or any similar stocks can still protect your portfolios during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 5.27. 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.
Please continue to Trending Equities.

Sphere Stock Analysis 

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 14.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.72. Some equities with similar Price to Book (P/B) outperform the market in the long run. Sphere 3D Corp recorded a loss per share of 0.57. The entity had not issued any dividends in recent years. The firm 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. The company sells its products through its distributor and reseller network to small and medium businesses, and distributed enterprises. 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 https://www.sphere3d.com.

Sphere 3D Quarterly Cost of Revenue


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 generated a negative expected return over the last 90 days
Sphere 3D Corp has high historical volatility and very poor performance
The company reported the last year's revenue of 4.93 M. Reported Net Loss for the year was (9.72 M) with profit before taxes, overhead, and interest of 2.25 M.
Sphere 3D Corp has about 100.52 M in cash with (5.65 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.7.
Sphere 3D Corp has a frail financial position based on the latest SEC disclosures
Latest headline from www.cantechletter.com: Three Canadian Cryptocurrency stocks for 2022 from PI Financial - Cantech Letter

Sphere 3D Corp Upcoming and Recent Events

Earnings reports are used by Sphere 3D to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Sphere 3D previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report14th of April 2022
Next Fiscal Quarter End31st of December 2021

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 Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Sphere 3D is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Sphere 3D Corp backward and forwards among themselves. Sphere 3D's institutional investor refers to the entity that pools money to purchase Sphere 3D's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Spire Wealth ManagementCommon Shares3.3 K10 K
Susquehanna International Group LlpCall Options1.5 M8.7 M
Emerald Mutual Fund Advisers TrustCommon Shares904.9 K5.4 M
K2 Principal Fund LpCommon Shares759.8 K4.5 M
Sabby Management LlcPut Options5.1 KM
Two Sigma Investments LpCommon Shares393.9 K2.3 M
Jane Street Group LlcCommon Shares381.1 K2.3 M
Susquehanna International Group LlpCommon Shares242.7 K1.4 M
Citadel Advisors LlcCommon Shares182.9 K1.1 M
Note, although Sphere 3D's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Sphere Market Capitalization

The company currently falls under 'Small-Cap' category with total capitalization of 167.67 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 (186.4) %, 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 (167.38) %, which entails that for every $100 of revenue, it lost -1.67.
Last ReportedProjected for 2022
Return on Average Assets(0.47) (0.51) 
Return on Average Equity(1.69) (1.82) 
Return on Invested Capital(4.14) (4.25) 
Return on Sales(0.94) (1.01) 

Management Efficiency

The entity has Return on Asset of (4.32) % which means that on every $100 spent on asset, it lost $4.32. This is way below average. In the same way, it shows return on shareholders equity (ROE) of (8.15) %, 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 -0.51 in 2022. Return on Average Equity is likely to drop to -1.82 in 2022. Sphere 3D Total Assets are fairly stable at the moment as compared to the past year. Sphere 3D reported Total Assets of 10.65 Million in 2021. Current Assets is likely to rise to about 1.9 M in 2022, whereas Asset Turnover is likely to drop 0.49 in 2022.
Last ReportedProjected for 2022
Book Value per Share 0.77  0.79 
Enterprise Value over EBIT(2.30) (2.48) 
Enterprise Value over EBITDA(3.08) (3.33) 
Price to Book Value 2.02  2.44 
Tangible Assets Book Value per Share 1.20  1.23 
Enterprise Value9.8 M10.1 M
Tangible Asset Value7.1 M7.2 M

Technical Drivers

As of the 21st of January, Sphere 3D has the coefficient of variation of (306.45), and Risk Adjusted Performance of (0.26). 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 2.01 per share. Please also confirm Sphere 3D Corp total risk alpha, which is currently at (1.55) to double-check the company can sustain itself at a future point.

Sphere 3D Corp Price Movement Analysis

Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Triple Exponential Moving Average (T3) indicator is developed by Tim Tillson as Sphere 3D Corp price series composite of a single exponential moving average, a double exponential moving average and a triple exponential moving average. View also all equity analysis or get more info about triple exponential moving average t3 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 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 2022
EBITDA Margin(0.76) (0.82) 
Gross Margin 0.53  0.46 
Profit Margin(1.07) (1.16) 
Sphere 3D Corp. provides data management, and desktop and application virtualization solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company sells its products through its distributor and reseller network to small and medium businesses, and distributed enterprises. 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
10.0Strong Buy1Odds
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 Ratio31.10
Fifty Two Week Low1.2800
Revenue Growth17.00%
Shares Short Prior Month3.24M
Average Daily Volume Last 10 Day4.08M
Average Daily Volume In Three Month8.46M
Shares Percent Shares Out4.72%
Gross Margins42.92%
Short Percent Of Float4.72%
Forward Price Earnings-0.88
Float Shares47.19M
Fifty Two Week High11.9800
Enterprise Value To Ebitda-14.64
Fifty Day Average4.3470
Two Hundred Day Average4.0146
Enterprise Value To Revenue21.35
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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for Sphere Stock analysis

When running Sphere 3D Corp 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 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
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
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.
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 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 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.