Sphere 3D Corp. [ANY] is -0.64% lower this YTD. Is it still time to buy?


Sphere 3D Corp. [NASDAQ: ANY] plunged by -$0.36 during the normal trading session on Wednesday and reaching a high of $3.78 during the day while it closed the day at $3.10. The company report on November 17, 2021 that Gryphon Digital Mining to Present at Ladenburg Thalmann Virtual Technology Expo on November 18, 2021.

Gryphon CEO, Rob Chang, will be presenting on Thursday, November 18, 2021 at 12:30 pm EST.

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Gryphon Digital Mining, Inc., one of the leading global bitcoin miners that is focused on being among the “greenest” in the digital mining space, announced today that its CEO, Rob Chang, will be presenting virtually at the upcoming Ladenburg Thalmann Virtual Technology Expo on Thursday, November 18, 2021, at 12:30 pm EST.

Sphere 3D Corp. stock has also gained 5.08% of its value over the past 7 days. However, ANY stock has declined by -55.07% in the 3 months of the year. Over the past six months meanwhile, it has lost -10.14% and lost -0.64% year-on date.

The market cap for ANY stock reached $199.11 million, with 34.33 million shares outstanding. Compared to the average trading volume of 14.43M shares, ANY reached a trading volume of 8491798 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 0.38, with the Price to Sales ratio for ANY stock in the period of the last 12 months amounting to 40.64. The Price to Book ratio for the last quarter was 0.49, with the Price to Cash per share for the same quarter was set at 1.56.

ANY stock trade performance evaluation

Sphere 3D Corp. [ANY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.08. With this latest performance, ANY shares dropped by -22.31% in over the last four-week period, additionally sinking by -10.14% over the last 6 months – not to mention a rise of 106.67% 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 35.85, with the RSI for the last a single of trading hit 37.10, and the three-weeks RSI is set at 36.80 for Sphere 3D Corp. [ANY]. The present Moving Average for the last 50 days of trading for this stock 4.86, while it was recorded at 3.27 for the last single week of trading, and 4.00 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 32.30 and a Current Ratio set at 32.40.

Earnings per share (EPS) analysis for Sphere 3D Corp. [ANY] stock

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%.

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Sphere 3D Corp. [ANY]: Insider Ownership positions

There are presently around $13 million, or 14.00% of ANY stock, in the hands of institutional investors. The top three institutional holders of ANY stocks are: EMERALD MUTUAL FUND ADVISERS TRUST with ownership of 904,912, which is approximately 0% of the company’s market cap and around 29.32% of the total institutional ownership; K2 PRINCIPAL FUND, L.P., holding 759,800 shares of the stock with an approximate value of $2.63 million in ANY stocks shares; and TWO SIGMA INVESTMENTS, LP, currently with $1.36 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 April and at the time of the April reporting period, where 29 institutional holders increased their position in Sphere 3D Corp. [NASDAQ:ANY] by around 2,560,960 shares. Additionally, 3 investors decreased positions by around 146,885 shares, while 4 investors held positions by with 919,856 shares. The mentioned changes placed institutional holdings at 3,627,701 shares, according to the latest SEC report filing. ANY stock had 24 new institutional investments in for a total of 1,972,333 shares, while 2 institutional investors sold positions of 145,306 shares during the same period.