Some Quick Facts About Sphere 3D (ANY)

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

2019-12-31 2020-12-31 2021-12-31 2022-12-31
Revenue (k) $5,579 $4,848 $3,720 $6,077
Gross Margins 33.2% 46.4% 45.6% 43.8%
Operating Margins -106.7% -117.1% -508.0% -1109.4%
Net Margins -76.73% -119.2% -464.76% -3172.63%
Net Income (k) -$4,281 -$5,779 -$17,289 -$192,801
Interest Cost -$353 -$728 $2,414 $2,600
Depreciation & Amort. -$1,030 -$971 -$5,685 -$28,263
Earnings Per Share -$1.59 -$0.98 -$0.58 -$2.79
EPS Growth n/a 38.36% 40.82% -381.03%
Diluted Shares (k) 2,693 5,885 30,863 73,929
Free Cash Flow (k) -$1,813 -$2,582 -$130,756 -$48,708
Capital Expenditures n/a n/a -$102,238 -$17,937
Net Current Assets (k) -$5,225 -$4,734 $72,124 -$38,167
Current Ratio 0.29 0.36 15.06 1.66

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.