Sphere Historical Valuation
| ANY Stock | USD 1.47 0.09 6.52% |
Some fundamental drivers such as market cap or Sphere 3D enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Sphere 3D Corp valuation indicators such as Working Capital of 90.5 K or Enterprise Value of 41.7 M to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Sphere 3D's future value.
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About Sphere Valuation Data Analysis
Valuation is the financial process of determining what Sphere 3D is worth. Sphere 3D valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Sphere 3D valuation ratios help investors to determine whether Sphere Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sphere with respect to the benefits of owning Sphere 3D security.
Sphere 3D Valuation Data Chart
Working Capital
The difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.Enterprise Value
Enterprise Value (or EV) is usually referred to as Sphere 3D theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Sphere 3D Corp debt, but would also pocket its cash. Enterprise Value is more accurate representation of Sphere 3D value than its market capitalization because it takes into account all of Sphere 3D Corp existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Most indicators from Sphere 3D's valuation accounts are interrelated and interconnected. However, analyzing valuation accounts indicators one by one will only give a small insight into Sphere 3D Corp current financial condition. On the other hand, looking into the entire matrix of valuation accounts indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sphere 3D Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. Enterprise Value is likely to rise to about 41.7 M in 2024, whereas Market Cap is likely to drop slightly above 23.7 M in 2024.
| 2023 | 2024 (projected) | Working Capital | 101.8K | 90.5K | Market Cap | 40.3M | 23.7M |
Sphere 3D valuation accounts Correlations
Sphere 3D Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.