Sphere 3D (NASDAQ: ANY) Very High Growth Sector, Tiny float, Increasing Revenues and Seeking Acquisitions
Good day everyone,
Today we are initiating coverage of, Sphere 3D Corp. (NASDAQ: ANY), a company with a portfolio of brands, including HVE ConneXions, UCX ConneXions, and SnapServer® to help customers achieve their IT goals.
Current price $2.12 per share
Outstanding shares (est.) 11.66 million
Float (est.) 4.84 million shares
Sphere 3D shares seem to be oversold. The company stock chart indicates an RSI (14) of 44.40 and the shares have slipped below their 50 DMA and 200 DMA of $2.71 and $2.37, respectively. We see these data as evidence of shares that may have been oversold. However, there is a Golden Cross formation (50DMA crossed above the 200DMA) in the chart from March 4th, 2021 that is still intact.
Sphere 3D shares are trading at 233% off their 52-week high and 220% below their February 2021 high of $4.46/share.
Report Highlights
The tiny float at Sphere 3D can accommodate a rapid price increase.
The company shares appear to be forming a base around current levels.
Over the past three quarters, revenues have more than doubled.
Shareholder value is important to the insiders holding 30.7% of the shares.
The company operates in a remarkably high growth sector.
Last week, the company released its FYE 2020 results. Revenues were down marginally from 2019, mainly due to the pandemic, but have resumed an upward trend in 2021. The current market cap is $25M. ANY operates with a gross margin over 40%. As a part of your due diligence, you can review the company form 20-F for FYE 2020 filed this month.
Sphere 3D Verticals:
Healthcare – In healthcare they deliver V3 hyper-converged infrastructure for VDI with virtual desktop management, provisioning, and automation technology. They also deliver solutions derived from their proprietary application virtualization technology, Glassware 2.0.
Education – In the education vertical they deliver Glassware 2.0 application virtualization for students and V3 hyper-converged infrastructure for staff and higher education needs. Their approach allows for a unique value proposition and technology capability that aligns with current initiatives in education for Chromebooks, Tablets, and affordable nextgen Notebooks.
Government – In government, they are uniquely equipped to respond to needs that range from mainframe migration to Hyper-Converged Infrastructure for Windows applications.
Data Centers – Their MSP or Managed Service Provider solutions include everything required for turnkey distributed hyper converged virtual desktop and application infrastructure. They are the industry’s only provider of an End User Component Architecture with the ability optimize the allocation of storage, network and compute for the best possible user experience and system performance.
Sphere 3D spent the better part of 2020 attempting to acquire Rainmaker Holland BV. In February 2021, the company announced the potential combination had been terminated. The cancellation of the acquisition may refocus the company on its core business and future combination endeavors.
We will have part two on Sphere 3D available soon,
The Traders News Group
Privacy Policy and Disclaimer
Your Consent
By using our site, you consent to our online privacy policy and disclaimer.
Do we disclose any information to outside parties?
We do not sell your information to anyone. Please see our cookie policy below.
https://tradersnewssource.com/cookie-policy-us/
What information do we collect?
We collect information from you when you subscribe to our newsletter or fill out a form on one of our social platforms. This includes your email address and or mobile phone number.
When registering on our site, as appropriate, you may be asked to enter your: e-mail address and or mobile number.
What do we use your information for?
When we collect your email or mobile number it is used for one purpose to send you the information you requested about small cap stocks. Please read our disclaimer carefully before viewing our emails.
Your information, whether public or private, will not be sold, exchanged, transferred, or given to any other company for any reason whatsoever, other than for the express purpose of delivering the information on small cap stocks that you requested.
We send periodic emails
The email address you provide may be used to send you information, the small cap stock reports you requested, respond to inquiries, and/or other requests or questions.
How do we protect your information?
We implement a variety of security measures to maintain the safety of your personal information when you enter, submit, your email address. We use secure third parties to send email and sms messages to you.
Because we value your privacy we have taken the necessary precautions to be in compliance with the California Online Privacy Protection Act.
Online Privacy Policy Policy
This online privacy policy applies to information collected through our website and social media platforms.
Contacting Us
If there are any questions regarding this privacy policy or disclaimer you may contact us using the information below.
Editor@TradersNewsSource.com
Traders News Source is a wholly owned subsidiary of Traders News Source LLC, herein referred to as TNS LLC.
Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our services, joining our site or our email/blog list as well as any social networking platforms we may use.
Please Note: TNS LLC and its employees are not a registered investment advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever.
Release of Liability: Through use of this website viewing or using you agree to hold TNS LLC, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. TNS LLC encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and TNS LLC makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead TNS LLC strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. TNS LLC is compliant with the Can Spam Act of 2003. TNS LLC does not offer such advice or analysis, and TNS LLC further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.
The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results.
In preparing this publication, TNS LLC has relied upon information supplied by its customers, publicly available information and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. The owners and operators of this website have been compensated twenty two thousand five hundred dollars cash via bank wire for our distributed opinions this week on any. The advertisements in this website are believed to be reliable, however, TNS LLC and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. TNS LLC is not responsible for any claims made by the companies advertised herein, nor is TNS LLC responsible for any other promotional firm, its program or its structure.
TNS LLC is not affiliated with any exchange, electronic quotation system, the Securities Exchange Commission or FINRA. TNS LLC is not a Broker/Dealer and does not engage in high frequency trading.
