Sphere 3d Corp Stock Analysis
ANY Stock | USD 1.36 0.06 4.62% |
Sphere 3D Corp is undervalued with Real Value of 3.46 and Target Price of 10.0. The main objective of Sphere 3D stock analysis is to determine its intrinsic value, which is an estimate of what Sphere 3D Corp is worth, separate from its market price. There are two main types of Sphere 3D's stock analysis: fundamental analysis and technical analysis.
The Sphere 3D stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Sphere 3D is usually not traded on Memorial Day, Juneteenth Holiday, Independence Day, Labour Day, Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday. Sphere Stock trading window is adjusted to America/New York timezone.
Sphere |
Sphere Stock Analysis Notes
The company has price-to-book (P/B) ratio of 0.81. 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 0.76. The entity last dividend was issued on the 6th of November 2018. The firm had 1:7 split on the 29th of June 2023. 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. Sphere 3D operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 25 people. For more info on Sphere 3D Corp please contact Patricia Trompeter at (647) 952-5049 or go to https://sphere3d.com.Sphere 3D Corp Investment Alerts
Sphere 3D Corp is way too risky over 90 days horizon | |
Sphere 3D Corp may become a speculative penny stock | |
Sphere 3D Corp appears to be risky and price may revert if volatility continues | |
Sphere 3D Corp has high likelihood to experience some financial distress in the next 2 years | |
The company reported the last year's revenue of 21.91 M. Reported Net Loss for the year was (23.41 M) with profit before taxes, overhead, and interest of 1.7 M. | |
Sphere 3D Corp has about 10.72 M in cash with (6.58 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.16. | |
Sphere 3D Corp has a frail financial position based on the latest SEC disclosures | |
Latest headline from finance.yahoo.com: Sphere 3D Third Quarter 2024 Earnings EPS US0.005 |
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..
29th of March 2024 Upcoming Quarterly Report | View | |
9th of May 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
29th of March 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Sphere Largest EPS Surprises
Earnings surprises can significantly impact Sphere 3D's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2024-05-13 | 2024-03-31 | -0.23 | -0.27 | -0.04 | 17 | ||
2024-11-11 | 2024-09-30 | -0.19 | -0.1469 | 0.0431 | 22 | ||
2024-03-13 | 2023-12-31 | -0.28 | -0.18 | 0.1 | 35 |
Sphere 3D Thematic Classifications
In addition to having Sphere 3D stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
ITInformation technology and IT services | ||
SoftwareSoftware, software systems, and software services | ||
Data StorageData Storage | ||
ComputersUSA Equities from Computers industry as classified by Fama & French |
Sphere Stock Institutional Investors
Shares | Benjamin Edwards Inc | 2024-06-30 | 5.2 K | Tower Research Capital Llc | 2024-06-30 | 3.5 K | Steward Partners Investment Advisory, Llc | 2024-06-30 | 571 | Planned Solutions, Inc. | 2024-09-30 | 428 | Ubs Group Ag | 2024-06-30 | 306 | Qube Research & Technologies | 2024-06-30 | 305 | Royal Bank Of Canada | 2024-06-30 | 132 | Sandy Spring Bank | 2024-06-30 | 122 | Cornerstone Planning Group Llc | 2024-09-30 | 114 | Vanguard Group Inc | 2024-09-30 | 450 K | Myda Advisors Llc | 2024-09-30 | 200 K |
Sphere Market Capitalization
The company currently falls under 'Micro-Cap' category with a total capitalization of 28.88 M.Sphere Profitablity
The company has Net Profit Margin of (0.7) %, 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 (0.89) %, which entails that for every $100 of revenue, it lost $0.89.Last Reported | Projected for Next Year | ||
Return On Tangible Assets | (0.57) | (0.60) | |
Return On Capital Employed | (0.74) | (0.78) | |
Return On Assets | (0.51) | (0.54) | |
Return On Equity | (0.58) | (0.61) |
Management Efficiency
Sphere 3D Corp has Return on Asset of (0.1672) % which means that on every $100 spent on assets, it lost $0.1672. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.3539) %, meaning that it generated no profit with money invested by stockholders. Sphere 3D's management efficiency ratios could be used to measure how well Sphere 3D manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.6 in 2024. Return On Capital Employed is likely to drop to -0.78 in 2024. At this time, Sphere 3D's Total Assets are fairly stable compared to the past year. Other Current Assets is likely to rise to about 13.6 M in 2024, whereas Non Currrent Assets Other are likely to drop slightly above 2.9 M in 2024.Last Reported | Projected for Next Year | ||
Book Value Per Share | 2.98 | 2.83 | |
Net Current Asset Value | 101.8 K | 90.5 K | |
Tangible Asset Value | 101.8 K | 90.5 K | |
Tangible Book Value Per Share | 2.60 | 2.73 | |
Enterprise Value Over EBITDA | (2.49) | (2.61) | |
Price Book Value Ratio | 1.00 | 0.95 | |
Enterprise Value Multiple | (2.49) | (2.61) | |
Price Fair Value | 1.00 | 0.95 | |
Enterprise Value | 39.7 M | 41.7 M |
Leadership effectiveness at Sphere 3D Corp is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Operating Margin (0.89) | Profit Margin (0.70) | Beta 2.81 | Return On Assets (0.17) | Return On Equity (0.35) |
Technical Drivers
As of the 25th of November, Sphere 3D has the Risk Adjusted Performance of 0.0903, semi deviation of 4.55, and Coefficient Of Variation of 941.03. 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.Sphere 3D Corp Price Movement Analysis
The output start index for this execution was eleven with a total number of output elements of fifty. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Sphere 3D middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Sphere 3D Corp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
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 Outstanding Bonds
Sphere 3D issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Sphere 3D Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Sphere bonds can be classified according to their maturity, which is the date when Sphere 3D Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Boeing Co 2196 Corp BondUS097023DG73 | View | |
HSBC Holdings PLC Corp BondUS404280DR76 | View |
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's time-series forecasting models are one of many Sphere 3D's stock analysis techniques aimed at predicting 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 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 prices is reacting to, or reflecting on a current 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 Reported | Projected for Next Year | ||
Pretax Profit Margin | (1.06) | (1.12) | |
Operating Profit Margin | (1.37) | (1.44) | |
Net Loss | (1.07) | (1.12) | |
Gross Profit Margin | 0.27 | 0.26 |
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 Price | Advice | # of Analysts | |
10.0 | Buy | 1 | Odds |
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 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.
Begin Period Cash Flow | 1.5 M | |
Common Stock Shares Outstanding | 12.1 M | |
Total Stockholder Equity | 40.3 M | |
Tax Provision | 49 K | |
Property Plant And Equipment Net | 24.2 M | |
Cash And Short Term Investments | 586 K | |
Cash | 586 K | |
Accounts Payable | 2.4 M | |
Net Debt | -586 K | |
50 Day M A | 1.0796 | |
Net Interest Income | 2.2 M | |
Total Current Liabilities | 5.3 M | |
Other Operating Expenses | 51.9 M | |
Non Current Assets Total | 32.2 M | |
Liabilities And Stockholders Equity | 49.9 M | |
Interest Expense | 1.2 M | |
Non Currrent Assets Other | 3.4 M | |
Stock Based Compensation | 2.4 M |
Additional 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.