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

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BBAI
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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.


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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”.

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