Is Sphere 3D Stock a Good Investment?
Sphere 3D Investment Advice | ANY |
- Examine Sphere 3D's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Sphere 3D's leadership team and their track record. Good management can help Sphere 3D navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Systems Software space and any emerging trends that could impact Sphere 3D's business and its evolving consumer preferences.
- Compare Sphere 3D's performance and market position to its competitors. Analyze how Sphere 3D is positioned in terms of product offerings, innovation, and market share.
- Check if Sphere 3D pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Sphere 3D's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Sphere 3D Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if Sphere 3D Corp is a good investment.
Sell | Buy |
Strong Sell
Market Performance | OK | Details | |
Volatility | Very risky | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Quite High | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Sphere 3D Stock
Researching Sphere 3D's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). The company has price-to-book (P/B) ratio of 0.79. 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.
To determine if Sphere 3D is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Sphere 3D's research are outlined below:
| 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 uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Sphere 3D Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Sphere 3D's 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.
| 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 |
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. Below are the table of largest EPS Surprises Sphere 3D's investors have experienced.
| 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 | ||
2024-08-13 | 2024-06-30 | -0.26 | 0.1 | 0.36 | 138 | ||
2018-03-22 | 2017-12-31 | -0.84 | -0.35 | 0.49 | 58 | ||
2017-05-23 | 2017-03-31 | -20 | -18.0 | 2.0 | 10 | ||
2017-08-14 | 2017-06-30 | -12 | -14.48 | -2.48 | 20 | ||
2017-03-31 | 2016-12-31 | -24 | -28.0 | -4.0 | 16 |
Know Sphere 3D's Top 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.
| 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 3D's market capitalization trends
The company currently falls under 'Micro-Cap' category with a total capitalization of 28.31 M.Market Cap |
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Sphere 3D's profitablity analysis
| 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) |
Determining Sphere 3D's profitability involves analyzing its financial statements and using various financial metrics to determine if Sphere 3D is a good buy. For example, gross profit margin measures Sphere 3D's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Sphere 3D's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Sphere 3D's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Sphere 3D Corp. Check Sphere 3D's Beneish M Score to see the likelihood of Sphere 3D's management manipulating its earnings.
Evaluate Sphere 3D's 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 | 3.32 | 3.16 | |
| Net Current Asset Value | 101.8 K | 90.5 K | |
| Tangible Asset Value | 101.8 K | 90.5 K | |
| Tangible Book Value Per Share | 2.95 | 3.09 | |
| 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.
Beta 2.81 |
Basic technical analysis of Sphere Stock
As of the 28th of November, Sphere 3D has the Risk Adjusted Performance of 0.0626, semi deviation of 4.72, and Coefficient Of Variation of 1421.96. 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's 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's Outstanding Corporate 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 | |
| MPLX LP 52 Corp BondUS55336VAL45 | View |
Understand Sphere 3D's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Sphere 3D's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0626 | |||
| Market Risk Adjusted Performance | 0.1663 | |||
| Mean Deviation | 4.65 | |||
| Semi Deviation | 4.72 | |||
| Downside Deviation | 5.63 | |||
| Coefficient Of Variation | 1421.96 | |||
| Standard Deviation | 6.66 | |||
| Variance | 44.36 | |||
| Information Ratio | 0.0507 | |||
| Jensen Alpha | 0.1053 | |||
| Total Risk Alpha | (0.59) | |||
| Sortino Ratio | 0.06 | |||
| Treynor Ratio | 0.1563 | |||
| Maximum Drawdown | 41.6 | |||
| Value At Risk | (8.05) | |||
| Potential Upside | 11.46 | |||
| Downside Variance | 31.68 | |||
| Semi Variance | 22.26 | |||
| Expected Short fall | (6.38) | |||
| Skewness | 1.41 | |||
| Kurtosis | 4.59 |
| Risk Adjusted Performance | 0.0626 | |||
| Market Risk Adjusted Performance | 0.1663 | |||
| Mean Deviation | 4.65 | |||
| Semi Deviation | 4.72 | |||
| Downside Deviation | 5.63 | |||
| Coefficient Of Variation | 1421.96 | |||
| Standard Deviation | 6.66 | |||
| Variance | 44.36 | |||
| Information Ratio | 0.0507 | |||
| Jensen Alpha | 0.1053 | |||
| Total Risk Alpha | (0.59) | |||
| Sortino Ratio | 0.06 | |||
| Treynor Ratio | 0.1563 | |||
| Maximum Drawdown | 41.6 | |||
| Value At Risk | (8.05) | |||
| Potential Upside | 11.46 | |||
| Downside Variance | 31.68 | |||
| Semi Variance | 22.26 | |||
| Expected Short fall | (6.38) | |||
| Skewness | 1.41 | |||
| Kurtosis | 4.59 |
Consider Sphere 3D's intraday 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 time-series forecasting models is one of many Sphere 3D's stock analysis techniques 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 market movement and maximize returns from investment trading.
Sphere Stock media impact
Far too much social signal, news, headlines, and media speculation about Sphere 3D that are available to investors today. That information is available publicly through Sphere media outlets and privately through word of mouth or via Sphere internal channels. However, regardless of the origin, that massive amount of Sphere data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Sphere 3D news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Sphere 3D relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Sphere 3D's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Sphere 3D alpha.
Sphere 3D Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Sphere 3D can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Sphere 3D Corporate Executives
Elected by the shareholders, the Sphere 3D's board of directors comprises two types of representatives: Sphere 3D inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sphere. The board's role is to monitor Sphere 3D's management team and ensure that shareholders' interests are well served. Sphere 3D's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sphere 3D's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kurt Kalbfleisch | CFO and Sr. VP | Profile |
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.
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.