Sphere 3D Corp. (ANY) Stock: Here’s What’s Happening

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Sphere 3D Corp. (ANY) is headed up in the market in today’s trading session. The company, focused in the tech space, is currently priced at $2.18 after heading down -6.62% so far in today’s session. As it relates to technology stocks, there are a number of aspects that have the potential to cause declines in the market. News tends to be one of the biggest reasons for the movement. Here are the recent stories associated with ANY:

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May-15-19 04:30PM Sphere 3D Reports First Quarter Fiscal Year 2019 Financial Results
May-13-19 01:22AM Is ANY Security Printing Company Public Limited Company’s (BUSE:ANY) Balance Sheet A Threat To Its Future?
May-08-19 09:00AM Sphere 3D Announces Private Placement Financing
Mar-29-19 04:45PM Sphere 3D Reports Fiscal Year 2018 Financial Results
Nov-26-18 07:05AM Today’s Research Reports on Trending Tickers: Autodesk and Sphere 3D

However, any time investors are making a decision with regard to investing, prospective investors should focus on far more than news, especially in the ever evolving technology space. Here’s what’s going on with Sphere 3D Corp..

Performance Trends That We’ve Seen From ANY

While a decline in a single session, like the fall that we’re seeing from Sphere 3D Corp. might make some investors unhappy, that alone shouldn’t be the basis of a decision to, or not to, invest in a company. It is generally smart to take a look at trends beyond a single trading session. In the case of ANY, below are the trends that we’ve seen:

  • Past 7 Days – Over the past 7 days, ANY has produced a change in price amounting to -8.09%.
  • Monthly – The monthly ROI from Sphere 3D Corp. works out to -15.11%.
  • Past Three Months – Throughout the last three months, the company has generated a return on investment that works out to -12.89%
  • Bi-Annually – In the previous 6 months, we have seen a change that equates to 22.15% from the stock.
  • This Year So Far – Since the open of this year ANY has resulted in a return of -23.46%.
  • Annually – Finally, throughout the last year, we’ve seen a change that comes to -16.62% out of ANY. In this period, the stock has sold at a high of -74.94% and a low price of 106.44%.

Notable Ratios

Digging into a few ratios associated with a stock can provide prospective traders an understanding of how risky and/or rewarding a an investment option may be. Here are a few of the key ratios to look at when digging into ANY.

Short Ratio – The short ratio is a tool that’s used by traders to measure the level of short interest. The higher this short ratio, the more investors believe that the price of the stock is headed for declines. In general, strong technology stocks tend to have a lower short ratio. On the other hand, we tend to see a lot of short squeezes in the sector. Nonetheless, in regard to Sphere 3D Corp., it’s short ratio is 0.46.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Basically, they measure If a company is able to pay its debts when they mature using quick assets or current assets. In the tech industry, many companies rely heavily on the continuation of investor support as they work to bring new technologies to market, the quick and current ratios can look upsetting. Nonetheless, quite a few good picks in the tech sector come with great current and quick ratios. As far as ANY, the quick and current ratios come to 0.20 and 0.40 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets that are owned by the company. when it comes to Sphere 3D Corp., the book to share value ratio works out to -3.38.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the price of the company’s stock. In this case, the cash to share value comes to 0.13.

Investors Tend To Follow The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in ANY, here’s what we’re seeing:

Institutions own 12.30% of the company. Institutional interest has moved by 0 over the past three months. When it comes to insiders, those who are close to the company currently own 9.20% percent of ANY shares. Institutions have seen ownership changes of an accumulative -22.55% over the last three months.

Analyst Opinions With Regard To Sphere 3D Corp.

While it’s not a good idea to blindly follow the opinions of analysts, it is a good idea to consider their thoughts when validating your own when it comes to making an investment decision in the tech industry. Below are the recent moves that we have seen from analysts when it comes to ANY.

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Jan-19-16 Initiated Ladenburg Thalmann Buy $3
Jun-24-15 Initiated ROTH Capital Buy $8

What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, ANY has generated revenue in the amount of $0 with earnings coming in at 27.60%. On a quarter over quarter basis, earnings have seen movement of 69.10% and revenue has seen movement of -28.60%.

Interested In How Many Shares Are Available?

Investors and traders seem to be interested in the amounts of shares both available and outstanding. As far as Sphere 3D Corp., currently there are 2.28M and there is a float of 1.94M. This means that out of the total of 2.28M shares of ANY in existence today, 1.94M are able to be traded on the public market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to ANY, the short percent of the float is 3.63%.

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