Sphere 3d Corp Stock Buy Hold or Sell Recommendation
| ANY Stock | USD 1.15 0.05 4.17% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Sphere 3D Corp is 'Strong Sell'. Macroaxis provides Sphere 3D buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ANY positions. The advice algorithm takes into account all of Sphere 3D's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Sphere 3D's buy or sell advice are summarized below:
Real Value 3.35 | Target Price 10 | Hype Value 1.13 | Market Value 1.15 | Naive Value 0.98 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Sphere 3D Corp given historical horizon and risk tolerance towards Sphere 3D. When Macroaxis issues a 'buy' or 'sell' recommendation for Sphere 3D Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Sphere |
Execute Sphere 3D Buy or Sell Advice
The Sphere recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Sphere 3D Corp. Macroaxis does not own or have any residual interests in Sphere 3D Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Sphere 3D's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Dangerous | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very High | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Sphere 3D Trading Alerts and Improvement Suggestions
| Sphere 3D Corp generated a negative expected return over the last 90 days | |
| Sphere 3D Corp has high historical volatility and very poor performance | |
| Sphere 3D Corp may become a speculative penny stock | |
| Sphere 3D Corp has a very high chance of going through financial distress in the upcoming 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 a poor financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Sphere 3D Shares Cross Below 50-Day Moving Average of 1.86 - Defense World |
Sphere 3D Returns Distribution Density
The distribution of Sphere 3D's historical returns is an attempt to chart the uncertainty of Sphere 3D's future price movements. The chart of the probability distribution of Sphere 3D daily returns describes the distribution of returns around its average expected value. We use Sphere 3D Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Sphere 3D returns is essential to provide solid investment advice for Sphere 3D.
| Mean Return | -0.37 | Value At Risk | -10.24 | Potential Upside | 14.62 | Standard Deviation | 7.76 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Sphere 3D historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
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 originates 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 | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.7 K | Steward Partners Investment Advisory, Llc | 2023-12-31 | 571 | Ubs Group Ag | 2023-12-31 | 306 | Royal Bank Of Canada | 2023-12-31 | 132 | Sandy Spring Bank | 2023-12-31 | 122 | Qube Research & Technologies | 2023-12-31 | 105 | Cutler Group Lp | 2023-12-31 | 71.0 | Tucker Asset Management Llc | 2023-12-31 | 35.0 | Wells Fargo & Co | 2023-12-31 | 24.0 | Vanguard Group Inc | 2023-12-31 | 450 K | Jane Street Group, Llc | 2023-12-31 | 114.5 K |
Sphere 3D Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (192K) | 312K | 53.9M | (52.8M) | (957K) | (909.2K) | |
| Free Cash Flow | (1.8M) | (2.6M) | (130.8M) | (48.7M) | 11.6M | 12.2M | |
| Other Non Cash Items | (1.8M) | (329K) | 1.1M | 143.2M | 9.8M | 15.4M | |
| Capital Expenditures | 123K | 56K | 102.2M | 17.9M | 1.6M | 1.5M | |
| Net Income | (4.3M) | (5.8M) | (17.3M) | (192.9M) | (23.4M) | (24.6M) | |
| End Period Cash Flow | 149K | 461K | 54.4M | 1.5M | 586K | 556.7K | |
| Change To Inventory | 645K | 477K | 195K | 57K | 65.6K | 62.3K | |
| Investments | (10.4M) | (2M) | (122.7M) | (22.0M) | 2.3M | 2.4M | |
| Net Borrowings | 408K | 914K | 1.5M | (1.1M) | (952.2K) | (904.6K) | |
| Depreciation | 1.0M | 971K | 5.7M | 28.3M | 6.2M | 6.4M | |
| Change To Netincome | 6.6M | 1.2M | (530K) | (1.6M) | (1.5M) | (1.4M) |
Sphere 3D Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Sphere 3D or Software sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Sphere 3D's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Sphere stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.76 | |
β | Beta against NYSE Composite | 4.55 | |
σ | Overall volatility | 7.26 | |
Ir | Information ratio | -0.06 |
Sphere 3D Volatility Alert
Sphere 3D Corp is displaying above-average volatility over the selected time horizon. Sphere 3D Corp is a potential penny stock. Although Sphere 3D may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Sphere 3D Corp. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Sphere instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Sphere 3D Fundamentals Vs Peers
Comparing Sphere 3D's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Sphere 3D's direct or indirect competition across all of the common fundamentals between Sphere 3D and the related equities. This way, we can detect undervalued stocks with similar characteristics as Sphere 3D or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Sphere 3D's fundamental indicators could also be used in its relative valuation, which is a method of valuing Sphere 3D by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Sphere 3D to competition |
| Fundamentals | Sphere 3D | Peer Average |
| Return On Equity | -0.42 | -0.31 |
| Return On Asset | -0.17 | -0.14 |
| Profit Margin | (1.07) % | (1.27) % |
| Operating Margin | (0.59) % | (5.51) % |
| Current Valuation | 34.56 M | 16.62 B |
| Shares Outstanding | 17.8 M | 571.82 M |
| Shares Owned By Insiders | 4.75 % | 10.09 % |
| Shares Owned By Institutions | 4.38 % | 39.21 % |
| Number Of Shares Shorted | 667.4 K | 4.71 M |
| Price To Earning | (0.10) X | 28.72 X |
| Price To Book | 0.73 X | 9.51 X |
| Price To Sales | 0.88 X | 11.42 X |
| Revenue | 21.91 M | 9.43 B |
| Gross Profit | 1.7 M | 27.38 B |
| EBITDA | (20.35 M) | 3.9 B |
| Net Income | (23.41 M) | 570.98 M |
| Cash And Equivalents | 10.72 M | 2.7 B |
| Cash Per Share | 0.16 X | 5.01 X |
| Total Debt | 3.05 M | 5.32 B |
| Debt To Equity | 0.69 % | 48.70 % |
| Current Ratio | 12.13 X | 2.16 X |
| Book Value Per Share | 1.73 X | 1.93 K |
| Cash Flow From Operations | 13.15 M | 971.22 M |
| Short Ratio | 0.85 X | 4.00 X |
| Earnings Per Share | (1.93) X | 3.12 X |
| Price To Earnings To Growth | (0.02) X | 4.89 X |
| Target Price | 4.0 | |
| Number Of Employees | 3 | 18.84 K |
| Beta | 2.8 | -0.15 |
| Market Capitalization | 21.36 M | 19.03 B |
| Total Asset | 49.85 M | 29.47 B |
| Retained Earnings | (447.37 M) | 9.33 B |
| Working Capital | 8.16 M | 1.48 B |
Note: Acquisition by Patricia Trompeter of 1000000 shares of Sphere 3D subject to Rule 16b-3 [view details]
Sphere 3D Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Sphere . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 10347.86 | |||
| Daily Balance Of Power | (0.83) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 1.15 | |||
| Day Typical Price | 1.15 | |||
| Price Action Indicator | (0.03) | |||
| Period Momentum Indicator | (0.05) | |||
| Relative Strength Index | 38.61 |
About Sphere 3D Buy or Sell Advice
When is the right time to buy or sell Sphere 3D Corp? Buying financial instruments such as Sphere Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 297K | 3.0M | 3.0M | 3.8M | Total Assets | 275.9M | 83.0M | 49.9M | 63.0M |
Use Investing Ideas to Build Portfolios
In addition to having Sphere 3D in your portfolios, you can quickly 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 investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Convertibles Funds Thematic Idea Now
Convertibles Funds
Funds or Etfs that invest in debt that is expected to be converted into a predetermined amount of the company equity at some future date. The Convertibles Funds theme has 14 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Convertibles Funds Theme or any other thematic opportunities.
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Check out Sphere 3D Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary 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.
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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.
Earnings Share (1.93) | Revenue Per Share 1.806 | Quarterly Revenue Growth 4.385 | Return On Assets (0.17) | Return On Equity (0.42) |
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 if Sphere 3D is a good investment 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.