Sphere 3D Corp. [NASDAQ: ANY] plunged by -$0.18 during the normal trading session on Monday and reaching a high of $1.96 during the day while it closed the day at $1.79. The company report on April 27, 2021 that Sphere 3D Corp. Files Registration Statement.
Toronto, Ontario–(Newsfile Corp. – April 27, 2021) – Sphere 3D Corp. (NASDAQ: ANY) (“Company” or “Sphere 3D”) announced that it has filed a registration statement on Form F-1 with the Securities and Exchange Commission (“SEC”) for a public offering of its common shares. The number of common shares to be offered and the price per share has not yet been determined.
Sphere 3D plans to use the proceeds from the offering for working capital, general corporate purposes and to sponsor special purpose acquisition companies (“SPAC”). The focus of the first such SPAC intends to address the lack of capital resources for minority owned businesses.
Sphere 3D Corp. stock has also loss -22.51% of its value over the past 7 days. However, ANY stock has declined by -17.89% in the 3 months of the year. Over the past six months meanwhile, it has gained 14.74% and gained 25.17% year-on date.
The market cap for ANY stock reached $22.09 million, with 7.82 million shares outstanding and 5.46 million shares in the current float. Compared to the average trading volume of 1.20M shares, ANY reached a trading volume of 1868390 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Sphere 3D Corp. [ANY]:
Ladenburg Thalmann have made an estimate for Sphere 3D Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 19, 2016. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on June 24, 2015, representing the official price target for Sphere 3D Corp. stock.
The Average True Range (ATR) for Sphere 3D Corp. is set at 0.27, with the Price to Sales ratio for ANY stock in the period of the last 12 months amounting to 4.60.
ANY stock trade performance evaluation
Sphere 3D Corp. [ANY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -22.51. With this latest performance, ANY shares dropped by -33.95% in over the last four-week period, additionally plugging by 14.74% over the last 6 months – not to mention a rise of 90.43% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ANY stock in for the last two-week period is set at 38.06, with the RSI for the last a single of trading hit 33.24, and the three-weeks RSI is set at 41.26 for Sphere 3D Corp. [ANY]. The present Moving Average for the last 50 days of trading for this stock 2.4513, while it was recorded at 2.0360 for the last single week of trading, and 2.2789 for the last 200 days.
Sphere 3D Corp. [ANY]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Sphere 3D Corp. [ANY] shares currently have an operating margin of -117.14 and a Gross Margin at +26.40. Sphere 3D Corp.’s Net Margin is presently recorded at -119.20.
Return on Total Capital for ANY is now -122.88, given the latest momentum, and Return on Invested Capital for the company is -167.00. Return on Equity for this stock declined to -184.96, with Return on Assets sitting at -57.11. When it comes to the capital structure of this company, Sphere 3D Corp. [ANY] has a Total Debt to Total Equity ratio set at 49.97. Additionally, ANY Total Debt to Total Capital is recorded at 33.32, with Total Debt to Total Assets ending up at 21.15.
Receivables Turnover for the company is 15.32 with a Total Asset Turnover recorded at a value of 0.48.Sphere 3D Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.40.
Earnings per share (EPS) analysis for Sphere 3D Corp. [ANY] stock
With the latest financial reports released by the company, Sphere 3D Corp. posted -28/share EPS, while the average EPS was predicted by analysts to be reported at -24/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -16.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ANY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sphere 3D Corp. go to 20.00%.
Sphere 3D Corp. [ANY]: Insider Ownership positions
There are presently around $1 million, or 4.90% of ANY stock, in the hands of institutional investors. The top three institutional holders of ANY stocks are: MORGAN STANLEY with ownership of 208,288, which is approximately -16.457% of the company’s market cap and around 20.41% of the total institutional ownership; CYRUS CAPITAL PARTNERS, L.P., holding 145,301 shares of the stock with an approximate value of $0.29 million in ANY stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $0.21 million in ANY stock with ownership of nearly New of the company’s market capitalization.
Positions in Sphere 3D Corp. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 4 institutional holders increased their position in Sphere 3D Corp. [NASDAQ:ANY] by around 158,280 shares. Additionally, 5 investors decreased positions by around 125,082 shares, while 5 investors held positions by with 285,048 shares. The mentioned changes placed institutional holdings at 568,410 shares, according to the latest SEC report filing. ANY stock had 4 new institutional investments in for a total of 158,280 shares, while 3 institutional investors sold positions of 81,245 shares during the same period.