Sphere 3D
About: Sphere 3D Corp provides solutions for stand-alone storage and technologies that converge the traditional silos of compute, storage, and network into integrated hyper-converged or converged solution. Its Disk systems include HVE Converged and Hyper-converged Infrastructure. It generates the majority of its revenue from the services it offers. All of its revenue comes from the Americas. The Company has two operating segments: Digital Mining and Service and Product. The Digital Mining segment generates revenue from the digital currency, it earns through its bitcoin mining activities. The Service and Product segment generates revenue from long-term customer contracts for service contracts and extended service contract and the sale of products related to the Company's data storage product line.
Employees: 5
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
519% more call options, than puts
Call options by funds: $991K | Put options by funds: $160K
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
4% more funds holding
Funds holding: 23 [Q1] → 24 (+1) [Q2]
1.0% more ownership
Funds ownership: 4.0% [Q1] → 5.0% (+1.0%) [Q2]
10% less capital invested
Capital invested by funds: $1.09M [Q1] → $988K (-$106K) [Q2]
25% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 4
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
HC Wainwright & Co. Kevin Dede 42% 1-year accuracy 19 / 45 met price target | 212%upside $3 | Buy Maintained | 19 Aug 2024 |