You are confusing the square of the spin vector ($\vec{S}^2$) with its 3 vector components ($S_x, S_y, S_z$).
The square of the spin $\vec{S}^2$ always has only one eigenvalue. It isthe value $s(s+1)\hbar^2$, which is positive. TheAnd the electron has $s=\frac 12$ (no negative sign).
The components $S_x$, $S_y$ and $S_z$ each have two eigenvaluespossible values (a positive and a negative). These are $+\frac 12 \hbar$ and $-\frac 12 \hbar$.