Sphere 3D Corp. (ANY) Stock: A Good Pick In The Tech Sector?

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Sphere 3D Corp. (ANY) is trending up in the market today. The stock, focused in the technology sector, is presently priced at $1.64 after heading up 6.87% so far today. In terms of technology stocks, there are a number of aspects that have the potential to lead to movement in the market. One of the most common is news. Here are the recent trending headlines associated with ANY:

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Jun-02-19 03:11AM Is ANY Biztonsági Nyomda Nyrt.’s (BUSE:ANY) ROE Of 19% Impressive?
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

Nonetheless, when making a decision with regard to investing, prospective investors should look into far more than just news, especially in the ever evolving tech industry. Here’s what’s happing when it comes to Sphere 3D Corp..

Recent Trends From ANY

Although a move up on a single session, like the gain that we’re seeing from Sphere 3D Corp. might lead to excitement in some investors, that alone shouldn’t be the basis of a decision to, or not to, invest in a company. It is generally important to dig into trends just a single trading session. As it relates to ANY, here are the returns that we’ve seen:

  • Past 5 Trading Sessions – Over the last 7 days, ANY has seen a change in value in the amount of 2.31%.
  • Monthly – The monthly returns from Sphere 3D Corp. has been -36.85%.
  • Past Quarter – In the last three months, the stock has generated a return on investment that works out to -34.97%
  • Bi-Annually – In the last six months, we have seen a change that works out to -65.28% from the company.
  • Year To Date – Since the the last trading session of last year ANY has generated a return of -49.69%.
  • Annually – Lastly, in the last full year, we’ve seen a change that comes to -61.72% out of ANY. In this period, the stock has sold at a high price of -81.15% and a low price of 55.30%.

Ratios Of Note

Digging into a few ratios having to do with a company can provide traders a view of just how dangerous and/or potentially profitable a stock pick might be. Below are a few of the most important ratios to consider when digging into ANY.

Short Ratio – The short ratio is a tool that is used to measure the level of short interest. As the short ratio heads up, it shows that more investors have a belief that the stock is going to tumble. Throughout the sector, strong technology stocks can come with a lower short ratio. On the other hand, we tend to see a lot of short squeezes in the sector. Nonetheless, when it comes to Sphere 3D Corp., the stock’s short ratio clocks in at 0.80.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Essentially, they measure If a company is able to pay for its debts when they mature based on current assets or quick assets. Because in tech, companies are heavily reliant on the continuation of support from investors as they work to bring new technologies to market, the current and quick ratios can seem upsetting. Nonetheless, some better companies in the technology sector come with strong current and quick ratios. As it relates to ANY, the quick and current ratios come to 0.20 and 0.40 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets owned by the company. In this case, that ratio works out to -3.38.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the value of shares. In terms of ANY, the cash to share value works out to 0.13.

Show Me 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 12.10% of the company. Institutional interest has moved by 1.09% over the past three months. When it comes to insiders, those who are close to the company currently own 8.60% percent of ANY shares. Institutions have seen ownership changes of an accumulative -48.51% over the last three months.

How Analysts Feel About Sphere 3D Corp.

While it’s not a good idea to avoid doing your DD and blindly following the opinions of analysts, it is a smart idea to use their analysis when validating your own when it comes to making investment decisions in the tech sector. Here are the most recent moves that we’ve 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 Financial Results

What have ween seen from ANY in terms of financial results?Here’s the data:

  • Analyst Expectations – As it stands, analysts expect that the company will report EPS coming to a total of 0, with 0 to be reported in the report for the current quarter. Although this information isn’t earnings driven, since we are talking on the topic of Wall St. analysts, the stock is presently graded as a 0 considering a scale that ranges from 1 to 5 where 1 is the worst average Wall St. analyst rating and 5 is the best rating.
  • 5-Year Sales – Over the last 5 years, Sphere 3D Corp. has reported a change in revenue that works out to be 0. Earnings through the period have generated movement in the amount of 27.60%.
  • Quarter Over Quarter – In terms of quarter over quarter earnings data, or Q/Q data as it is commonly represented in the world of humans, the company has created a change in earnings that amounts to 69.10%. The company has also seen movement in terms of revenue in the amount of -28.60%.

What You Need To Know About Share Counts

Investors seem to like to know the counts of shares both outstanding and available. In regard to Sphere 3D Corp., there are currently 2.30M and there is a float of 1.98M. This means that of the total of 2.30M shares of ANY that are out there today, 1.98M are able to trade hands on the 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 5.10%.

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