Sphere 3d Corp Stock Z Score

ANY Stock

USD 1.29 0.07 5.15%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Sphere 3D Piotroski F Score and Sphere 3D Valuation analysis.

At this time, Sphere 3D's Net Invested Capital is fairly stable compared to the past year. Change In Working Capital is likely to rise to about 1.1 M in 2024, whereas Net Working Capital is likely to drop slightly above 4.6 M in 2024. At this time, Sphere 3D's Total Other Income Expense Net is fairly stable compared to the past year. Total Revenue is likely to rise to about 23.5 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 4.1 M in 2024.

Sphere 3D Corp Company Z Score Analysis

Sphere 3D's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Sphere Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Sphere 3D is extremely important. It helps to project a fair market value of Sphere Stock properly, considering its historical fundamentals such as Z Score. Since Sphere 3D's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Sphere 3D's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Sphere 3D's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Short Term Investments	Total Liab	Total Current Assets	Net Tangible Assets	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Current Deferred Revenue	Long Term Debt Total	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.92	-0.37	-0.14	0.43	0.44	0.98	0.29	0.4	0.37	0.51	0.44	0.43	0.8	0.39	0.28	0.87	0.44	0.41	0.39	-0.08	0.79	0.51	0.45
Total Stockholder Equity	0.92		-0.68	-0.14	0.37	0.06	0.92	0.44	0.04	0.1	0.17	0.17	0.12	0.92	0.06	-0.02	0.66	0.46	0.09	0.06	-0.17	0.88	0.7	0.56
Net Debt	-0.37	-0.68		0.14	-0.25	0.62	-0.39	-0.55	0.62	0.35	0.55	0.4	0.51	-0.7	0.65	0.63	0.05	-0.34	0.57	0.61	0.22	-0.63	-0.77	-0.55
Retained Earnings	-0.14	-0.14	0.14		-0.36	0.01	-0.09	-0.8	0.02	0.25	0.23	0.32	0.32	-0.05	0.19	0.01	0.16	-0.94	0.38	0.34	0.78	0.09	-0.64	-0.8
Short Term Investments	0.43	0.37	-0.25	-0.36		0.27	0.35	0.12	0.34	0.43	0.22	0.26	0.26	0.38	-0.01	-0.15	0.36	0.43	0.1	0.18	-0.31	-0.03	0.5	0.28
Total Liab	0.44	0.06	0.62	0.01	0.27		0.38	-0.31	0.93	0.73	0.94	0.74	0.83	-0.05	0.88	0.75	0.72	0.03	0.86	0.88	0.2	-0.02	-0.32	-0.14
Total Current Assets	0.98	0.92	-0.39	-0.09	0.35	0.38		0.25	0.38	0.35	0.47	0.38	0.38	0.84	0.4	0.33	0.85	0.39	0.38	0.37	-0.05	0.84	0.5	0.4
Net Tangible Assets	0.29	0.44	-0.55	-0.8	0.12	-0.31	0.25		-0.37	-0.4	-0.42	-0.41	-0.47	0.26	-0.44	-0.31	-0.15	0.87	-0.51	-0.55	-0.56	0.33	0.73	0.95
Accounts Payable	0.4	0.04	0.62	0.02	0.34	0.93	0.38	-0.37		0.81	0.92	0.79	0.88	-0.04	0.86	0.7	0.71	0.01	0.88	0.92	0.17	-0.1	-0.31	-0.27
Long Term Debt	0.37	0.1	0.35	0.25	0.43	0.73	0.35	-0.4	0.81		0.81	0.78	0.88	-0.01	0.56	0.29	0.68	-0.17	0.83	0.83	0.55	-0.01	-0.34	-0.32
Net Receivables	0.51	0.17	0.55	0.23	0.22	0.94	0.47	-0.42	0.92	0.81		0.87	0.95	0.03	0.9	0.67	0.84	-0.14	0.97	0.97	0.37	0.1	-0.38	-0.27
Good Will	0.44	0.17	0.4	0.32	0.26	0.74	0.38	-0.41	0.79	0.78	0.87		0.9	-0.02	0.77	0.39	0.74	-0.21	0.92	0.89	0.4	0.02	-0.38	-0.32
Deferred Long Term Liab	0.43	0.12	0.51	0.32	0.26	0.83	0.38	-0.47	0.88	0.88	0.95	0.9		-0.03	0.77	0.47	0.8	-0.22	0.97	0.97	0.45	0.0	-0.42	-0.37
Long Term Investments	0.8	0.92	-0.7	-0.05	0.38	-0.05	0.84	0.26	-0.04	-0.01	0.03	-0.02	-0.03		-0.01	0.02	0.54	0.34	-0.06	-0.04	-0.25	0.84	0.73	0.4
Short Long Term Debt	0.39	0.06	0.65	0.19	-0.01	0.88	0.4	-0.44	0.86	0.56	0.9	0.77	0.77	-0.01		0.89	0.7	-0.14	0.87	0.89	0.19	0.05	-0.4	-0.31
Short Term Debt	0.28	-0.02	0.63	0.01	-0.15	0.75	0.33	-0.31	0.7	0.29	0.67	0.39	0.47	0.02	0.89		0.5	-0.01	0.61	0.64	-0.01	0.07	-0.28	-0.19
Intangible Assets	0.87	0.66	0.05	0.16	0.36	0.72	0.85	-0.15	0.71	0.68	0.84	0.74	0.8	0.54	0.7	0.5		0.08	0.79	0.79	0.22	0.55	0.07	0.03
Common Stock	0.44	0.46	-0.34	-0.94	0.43	0.03	0.39	0.87	0.01	-0.17	-0.14	-0.21	-0.22	0.34	-0.14	-0.01	0.08		-0.29	-0.27	-0.74	0.22	0.79	0.9
Property Plant Equipment	0.41	0.09	0.57	0.38	0.1	0.86	0.38	-0.51	0.88	0.83	0.97	0.92	0.97	-0.06	0.87	0.61	0.79	-0.29		0.99	0.51	0.05	-0.52	-0.41
Current Deferred Revenue	0.39	0.06	0.61	0.34	0.18	0.88	0.37	-0.55	0.92	0.83	0.97	0.89	0.97	-0.04	0.89	0.64	0.79	-0.27	0.99		0.43	-0.01	-0.48	-0.43
Long Term Debt Total	-0.08	-0.17	0.22	0.78	-0.31	0.2	-0.05	-0.56	0.17	0.55	0.37	0.4	0.45	-0.25	0.19	-0.01	0.22	-0.74	0.51	0.43		0.07	-0.71	-0.58
Net Invested Capital	0.79	0.88	-0.63	0.09	-0.03	-0.02	0.84	0.33	-0.1	-0.01	0.1	0.02	0.0	0.84	0.05	0.07	0.55	0.22	0.05	-0.01	0.07		0.48	0.41
Net Working Capital	0.51	0.7	-0.77	-0.64	0.5	-0.32	0.5	0.73	-0.31	-0.34	-0.38	-0.38	-0.42	0.73	-0.4	-0.28	0.07	0.79	-0.52	-0.48	-0.71	0.48		0.8
Capital Stock	0.45	0.56	-0.55	-0.8	0.28	-0.14	0.4	0.95	-0.27	-0.32	-0.27	-0.32	-0.37	0.4	-0.31	-0.19	0.03	0.9	-0.41	-0.43	-0.58	0.41	0.8

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Sphere 3D

In accordance with the company's disclosures, Sphere 3D Corp has a Z Score of 0.0. This is 100.0% lower than that of the Software sector and about the same as Information Technology (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Sphere 3D Institutional Holders

Institutional Holdings refers to the ownership stake in Sphere 3D that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Sphere 3D's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Sphere 3D's value.

		Shares
Benjamin Edwards Inc	2024-06-30	5.2 K
Tower Research Capital Llc	2024-06-30	3.5 K
Steward Partners Investment Advisory, Llc	2024-06-30	571
Planned Solutions, Inc.	2024-09-30	428
Ubs Group Ag	2024-06-30	306
Qube Research & Technologies	2024-06-30	305
Royal Bank Of Canada	2024-06-30	132
Sandy Spring Bank	2024-06-30	122
Cornerstone Planning Group Llc	2024-09-30	114
Vanguard Group Inc	2024-09-30	450 K
Myda Advisors Llc	2024-09-30	200 K

Sphere Fundamentals

	Return On Equity	-0.35
	Return On Asset	-0.17
	Profit Margin	(0.70) %
	Operating Margin	(0.89) %
	Current Valuation	29.43 M
	Shares Outstanding	21.24 M
	Shares Owned By Insiders	5.28 %
	Shares Owned By Institutions	4.45 %
	Number Of Shares Shorted	559.53 K
	Price To Earning	(0.10) X
	Price To Book	0.81 X
	Price To Sales	1.15 X
	Revenue	21.91 M
	Gross Profit	1.7 M
	EBITDA	(15.94 M)
	Net Income	(23.41 M)
	Cash And Equivalents	10.72 M
	Cash Per Share	0.16 X
	Total Debt	9.54 M
	Debt To Equity	0.69 %
	Current Ratio	12.13 X
	Book Value Per Share	1.73 X
	Cash Flow From Operations	(6.58 M)
	Short Ratio	1.05 X
	Earnings Per Share	(0.76) X
	Price To Earnings To Growth	(0.02) X
	Target Price	3.0
	Beta	2.81
	Market Capitalization	28.88 M
	Total Asset	45.66 M
	Retained Earnings	(447.37 M)
	Working Capital	8.16 M
	Current Asset	36.54 M
	Current Liabilities	46.4 M
	Net Asset	45.66 M

About Sphere 3D Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Sphere 3D Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sphere 3D using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sphere 3D Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Sphere Stock Analysis

When running Sphere 3D's price analysis, check to measure Sphere 3D's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sphere 3D is operating at the current time. Most of Sphere 3D's value examination focuses on studying past and present price action to predict the probability of Sphere 3D's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sphere 3D's price. Additionally, you may evaluate how the addition of Sphere 3D to your portfolios can decrease your overall portfolio volatility.

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Sphere 3d Corp Stock Z Score

Sphere 3D Corp Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Sphere Z Score Driver Correlations

Sphere 3D Institutional Holders

Sphere Fundamentals

About Sphere 3D Fundamental Analysis

Also Currently Popular

Additional Tools for Sphere Stock Analysis

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