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

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Sphere 3D Corp. (ANY) is headed up in the market today. The stock, focused in the technology space, is currently priced at $1.28 after gaining 5.79% so far today. When it comes to technology stocks, there are quite a few aspects that have the ability to lead to gains in the market. One of the most common is news. Here are the most recent headlines associated with ANY:

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Aug-14-19 07:00AM Sphere 3D Reports Second Quarter Fiscal Year 2019 Financial Results
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

Nonetheless, any time investors are making a decision to invest, prospective investors should focus on far more than just news, especially in the ever evolving tech industry. Here’s what’s happening with Sphere 3D Corp..

How ANY Has Been Trending

Although a single session gain, like what we’re seeing from Sphere 3D Corp. may cause excitement in some investors, a single session move alone shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It’s generally a good idea to look into trends just a single trading day. In the case of ANY, below are the returns on investment that investors have seen:

  • Past 7 Days – In the last 7 days, ANY has seen a change in value that amounts to 6.67%.
  • Monthly – The return from Sphere 3D Corp. throughout the last month has been -6.57%.
  • Past Quarter – Throughout the past 3 months, the company has generated a return on investment that comes to -11.71%
  • Bi-Annually – In the last six months, we’ve seen a performance that equates to -49.00% from the company.
  • Year To Date – Since the the last trading session of last year ANY has resulted in a return of -58.03%.
  • Full Year – Lastly, over the last full year, we have seen performance amounting to -50.00% out of ANY. In this period, the stock has sold at a high of -85.29% and a low of 28.00%.

Ratios Worth Paying Attention To

Looking at various key ratios associated with a company generally gives prospective traders an understanding of how risky and/or rewarding a stock pick might be. Below are a few of the key ratios to think about when digging into ANY.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors are expecting that the value of the stock is headed for declines. Throughout the sector, strong tech stocks can carry a lower short ratio. However, we also see a lot of short squeezes in the space. Nonetheless, when it comes to Sphere 3D Corp., it’s short ratio is 0.85.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay for its debts when they mature with only quick assets or current assets. In the tech sector, companies rely on continued investor support as they work to bring new technologies to market, the quick and current ratios can be damning. However, several better companies in the technology industry come with great current and quick ratios. As it relates to ANY, the quick and current ratios total up to 0.10 and 0.20 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the price of shares. In this particular case, that ratio works out to -3.79.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the value of the company’s stock. In this case, the cash to share value is 0.08.

Smart Money Follows 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 7.90% 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 0.40% percent of ANY shares. Institutions have seen ownership changes of an accumulative -92.72% over the last three months.

Analyst Opinions With Regard To Sphere 3D Corp.

Although it’s never a smart idea to unknowingly follow the opinions of analysts, it is a good idea to consider their analysis to validate your own due diligence when it comes to making investment decisions in the tech space. Here are the most recent moves that we’ve seen from analysts with regard 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 69.30% and revenue has seen movement of -63.00%.

What’s The Float Looking Like?

Investors and traders tend to be interested in the amounts of shares both available and outstanding. As it relates to Sphere 3D Corp., there are currently 2.48M with a float of 1.87M. These numbers mean that out of the total of 2.48M shares of ANY that are out there today, 1.87M are able to trade hands on the public market.

I also like to pay attention to the short float. Think about it, when a high portion of the float is sold short, the overall feeling in the market is that the company is headed for a dive. In regard to ANY, the percentage of the float that is shorted currently sits at 3.39%. Most investors would say that a concerning short percent of the float is anything over 40%. In my research, I’ve calculated that a short percent of the float over 26% is probably going to be a risky play.

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