Backblaze Inc [BLZE] stock is trading at $6.16, up 1.82%. An important factor to consider is whether the stock is rising or falling in short-term value. The BLZE shares have gain 8.64% over the last week, with a monthly amount drifted -9.14%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Raymond James started tracking the stock with Outperform rating on December 06, 2021, and set its price target to $26. On December 06, 2021, Oppenheimer initiated with a Outperform rating. Lake Street started tracking the stock assigning a Buy rating and suggested a price target of $28 on December 06, 2021. JMP Securities initiated its recommendation with a Mkt Outperform and recommended $30 as its price target on December 06, 2021. B. Riley Securities started tracking with a Buy rating for this stock on December 06, 2021, and assigned it a price target of $29.
Backblaze Inc [BLZE] stock has fluctuated between $3.70 and $12.65 over the past year. Backblaze Inc [NASDAQ: BLZE] shares were valued at $6.16 at the most recent close of the market.
Analyzing the BLZE fundamentals
Backblaze Inc [NASDAQ:BLZE] reported sales of 108.59M for the trailing twelve months, which represents a growth of 28.10%. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at -0.44%, Pretax Profit Margin comes in at -0.49%, and Net Profit Margin reading is -0.49%. To continue investigating profitability, this company’s Return on Assets is posted at -0.4, Equity is -1.09 and Total Capital is -0.63. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.52.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.01 points at the first support level, and at 5.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.31, and for the 2nd resistance point, it is at 6.46.
Ratios To Look Out For
For context, Backblaze Inc’s Current Ratio is 0.70. On the other hand, the Quick Ratio is 0.70, and the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 2.35, the price to book ratio is 5.38.
Transactions by insiders
Recent insider trading involved Patchel Francis P, Chief Financial Officer, that happened on May 30 ’24 when 10328.0 shares were sold. Senior VP, Engineering, Cessna Tina completed a deal on May 23 ’24 to sell 2715.0 shares. Meanwhile, Chief Financial Officer Patchel Francis P sold 2647.0 shares on May 23 ’24.
