Sphere 3D Corp. (ANY) Shares: Are They Risky Or Cheap?


Sphere 3D Corp. (NASDAQ:ANY) finished Friday with a subtraction of $0.0 to close at $0.28, a downside of -1.61 percent. An average of 455,480 shares of common stock have been traded in the last five days. There was a fall of -$0.0095 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 441,375 shares traded, while the 50-day average volume stands at 422,716.

ANY stock has decreased by -16.06% in the last month. The company shares reached their 1-month lowest point of $0.2311 on 12/28/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $0.23 and a high of $3.81 in 52 weeks. It has reached a new high 2 times so far this year and lost -91.17% or -$2.8445 in price. In spite of this, the price is down -92.77% from the 52-week high.

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.


Valuation Metrics

Sphere 3D Corp. (ANY) stock’s beta is 2.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.27, the price-to-book (PB) ratio at 0.11.

Financial Health

Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Its gross profit as reported stood at $1.7 million compared to revenue of $3.72 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 -34.80%.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$17.82 million in the quarter, while revenues were grew 67.56%. At the end of the recent quarter, Sphere 3D Corp.’s stock balance sheet showed total liabilities of 5.19 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 30 December was 34.03%, suggesting the stock is Neutral, with historical volatility in this time frame at 76.83%.

As of today, ANY’s price is $0.2822 -3.33% or -$0.0095 from its 5-day moving average. ANY is currently trading -12.79% lower than its 20-day SMA and -62.26% lower than its 100-day SMA. However, the stock’s current price level is -27.80% below the SMA50 and -84.95% below the SMA200.

The stochastic %K and %D were 33.24% and 32.06%, respectively, and the average true range (ATR) was 0.0371. With the 14-day stochastic at 31.97% and the average true range at 0.0370, the RSI (14) stands at 36.36%. The stock has reached -0.0188 on the 9-day MACD Oscillator while the 14-day reading was at -0.0399.

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 Buy rating. The consensus rating for Sphere 3D Corp. (ANY) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ANY, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.


Please enter your comment!
Please enter your name here