The stock of Sphere 3D Corp (NASDAQ: ANY) has decreased by -12.20 when compared to last closing price of 1.23.Despite this, the company has seen a loss of -15.62% in its stock price over the last five trading days. Seeking Alpha reported 2024-02-14 that Adaptive Biotechnologies Corporation (ADPT) Q4 2023 Earnings Call Transcript
Is It Worth Investing in Sphere 3D Corp (NASDAQ: ANY) Right Now?
ANY has 36-month beta value of 2.82. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for ANY is 16.96M, and currently, short sellers hold a 3.94% ratio of that float. The average trading volume of ANY on April 15, 2024 was 915.50K shares.
ANY’s Market Performance
ANY’s stock has seen a -15.62% decrease for the week, with a -32.92% drop in the past month and a -54.81% fall in the past quarter. The volatility ratio for the week is 7.84%, and the volatility levels for the past 30 days are at 9.51% for Sphere 3D Corp The simple moving average for the past 20 days is -21.37% for ANY’s stock, with a -38.10% simple moving average for the past 200 days.
Analysts’ Opinion of ANY
Many brokerage firms have already submitted their reports for ANY stocks, with Ladenburg Thalmann repeating the rating for ANY by listing it as a “Buy.” The predicted price for ANY in the upcoming period, according to Ladenburg Thalmann is $3 based on the research report published on January 19, 2016 of the previous year 2016.
ROTH Capital, on the other hand, stated in their research note that they expect to see ANY reach a price target of $8. The rating they have provided for ANY stocks is “Buy” according to the report published on June 24th, 2015.
ANY Trading at -39.75% from the 50-Day Moving Average
After a stumble in the market that brought ANY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -73.59% of loss for the given period.
Volatility was left at 9.51%, however, over the last 30 days, the volatility rate increased by 7.84%, as shares sank -21.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -48.57% lower at present.
During the last 5 trading sessions, ANY fell by -15.62%, which changed the moving average for the period of 200-days by -49.86% in comparison to the 20-day moving average, which settled at $1.3585. In addition, Sphere 3D Corp saw -67.47% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ANY starting from Kalbfleisch Kurt L., who sale 10,070 shares at the price of $1.55 back on Dec 06 ’23. After this action, Kalbfleisch Kurt L. now owns 67,939 shares of Sphere 3D Corp, valued at $15,637 using the latest closing price.
O’Daniel Joseph, the President of Sphere 3D Corp, sale 21,429 shares at $1.56 during a trade that took place back on Dec 05 ’23, which means that O’Daniel Joseph is holding 1,517 shares at $33,410 based on the most recent closing price.
Stock Fundamentals for ANY
Current profitability levels for the company are sitting at:
- -0.91 for the present operating margin
- 0.2 for the gross margin
The net margin for Sphere 3D Corp stands at -1.06. The total capital return value is set at -0.45. Equity return is now at value -46.05, with -35.20 for asset returns.
Currently, EBITDA for the company is -20.35 million with net debt to EBITDA at 0.05. When we switch over and look at the enterprise to sales, we see a ratio of 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.53.
Conclusion
To put it simply, Sphere 3D Corp (ANY) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
