Sphere 3D logged a -3.6% change Friday, and is now trading at a price of $0.45 per share.
Sphere 3D returned losses of -69.2% last year, with its stock price reaching a high of $1.67 and a low of $0.23. Over the same period, the stock underperformed the S&P 500 index by -70.0%. As of April 2023, the company's 50-day average price was $0.38. Sphere 3D Corp. focuses on operating as a carbon neutral bitcoin mining company. Based in Greenwich, CT, the small-cap Technology company has 27 full time employees. Sphere 3D has not offered a dividend during the last year.
The Company Is Bleeding Cash
|Net Income (k)||-$4,281||-$5,779||-$17,289||-$192,801|
|Depreciation & Amort.||-$1,030||-$971||-$5,685||-$28,263|
|Earnings Per Share||-$1.59||-$0.98||-$0.58||-$2.79|
|Diluted Shares (k)||2,693||5,885||30,863||73,929|
|Free Cash Flow (k)||-$1,813||-$2,582||-$130,756||-$48,708|
|Net Current Assets (k)||-$5,225||-$4,734||$72,124||-$38,167|
Sphere 3D does not have a meaningful trailing P/E ratio since its earnings per share are negative. Its forward EPS guidance is negative too, at $-3.04. The average P/E ratio for the Technology sector is 27.16. On the other hand, the market is undervaluing Sphere 3D in terms of its equity because its P/B ratio is 0.89. In comparison, the sector average is 6.23.
Sphere 3D Is the Subject of Mixed Market Indicators:
The lone analyst who follows Sphere 3D has a rating of buy and a target price of $10.0, which is -96.2 away from its current price.
Sphere 3D has a very low short interest because 0.8% of the company's shares are sold short. Institutions own 1.3% of the company's shares, and the insider ownership rate stands at 2.79%, suggesting a decent amount of insider shareholders. The largest shareholder is Citadel Advisors Llc, whose 0% stake in the company is worth $92,112.