What Sphere 3D Corp. (ANY) Insiders Are Up To

Sphere 3D Corp. (NASDAQ:ANY) finished Wednesday with an addition of $1.1 to close at $8.13, an upside of 15.65 percent. An average of 45,161,121 shares of common stock have been traded in the last five days. There was a gain of $1.23 in the past week. The last 20 days have seen an average of 26,518,465 shares traded, while the 50-day average volume stands at 33,920,895.

ANY stock has increased by 39.45% in the last month. The company shares reached their 1-month lowest point of $5.50 on 09/20/21. With the stock rallying to its 52-week high on 09/02/21, shares of the company touched a low of $1.23 and a high of $11.98 in 52 weeks. In spite of this, the price is down -32.14% from the 52-week high.


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Valuation Metrics

Sphere 3D Corp. (ANY) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.24 for the sector. The stock’s beta is 2.20. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 99.17, the price-to-book (PB) ratio at 27.10.

The quick ratio of Sphere 3D Corp. for the three months ended September 29 was 1.80, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.08 and a total debt to equity ratio of 0.08 for the quarter ending September 29. On the profitability front, the trailing 12-month gross margin is 45.30% against a 5-year average of 30.5%. Sphere 3D Corp.’s EBITDA margin for the year ending September 29 is -97.11%. Its gross profit as reported stood at $2.25 million compared to revenue of $4.85 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Sphere 3D Corp.’s return on assets was -61.90%, compared to -49.0% over the last five years. For the broader industry, ROE averaged 3.34 over the past year.

Earnings Surprise

The analyst consensus anticipated Sphere 3D Corp.’s latest quarter earnings to come in at -$10.56 per share, but it turned out to be -$4.72, a 55.30% surprise. For the quarter, EBITDA amounted to -$3.38 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Sphere 3D Corp. (ANY) price momentum. RSI 9-day as of the close on 13 October was 63.54%, suggesting the stock is Neutral, with historical volatility in this time frame at 161.78%.

As of today, ANY’s price is $7.36 +17.83% or $1.23 from its 5-day moving average. ANY is currently trading +10.61% higher than its 20-day SMA and +449.32% higher than its 100-day SMA. However, the stock’s current price level is +150.93% above the SMA50 and +460.69% above the SMA200.

The stochastic %K and %D were 79.72% and 73.07%, respectively, and the average true range (ATR) was 0.95. With the 14-day stochastic at 89.17% and the average true range at 0.95, the RSI (14) stands at 60.95%. The stock has reached 0.94 on the 9-day MACD Oscillator while the 14-day reading was at 1.22.

Analyst Ratings

Ladenburg Thalmann launched coverage on Sphere 3D Corp. (NASDAQ: ANY) in its analyst report released on January 19, 2016. The firm assigned the stock a a Buy rating.The consensus rating for Sphere 3D Corp. (ANY) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ANY, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is ANY’s price target for the next 12 months?

Analysts predict a range of price targets between $40.00 and $40.00, with a median target of $40.00. Taking a look at these predictions, the average price target given by analysts for Sphere 3D Corp. (ANY) stock is $40.00.

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