Backblaze Inc [BLZE] stock is trading at $6.39, down -0.62%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BLZE shares have gain 6.15% over the last week, with a monthly amount drifted -7.12%, and not seem to be holding up well over a long-time horizon.
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 $4.91 and $12.65 over the past year. Currently, Wall Street analysts expect the stock to reach $10.5 within the next 12 months. Backblaze Inc [NASDAQ: BLZE] shares were valued at $6.39 at the most recent close of the market. An investor can expect a potential return of 64.32% based on the average BLZE price forecast.
Analyzing the BLZE fundamentals
Backblaze Inc [NASDAQ:BLZE] reported sales of 122.58M for the trailing twelve months, which represents a growth of 28.82%. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.33%, Pretax Profit Margin comes in at -0.37%, and Net Profit Margin reading is -0.37%. To continue investigating profitability, this company’s Return on Assets is posted at -0.33, Equity is -1.01 and Total Capital is -0.53. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.
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 6.27 points at the first support level, and at 6.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.48, and for the 2nd resistance point, it is at 6.57.
Ratios To Look Out For
For context, Backblaze Inc’s Current Ratio is 0.54. Further, the Quick Ratio stands at 0.54, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.64, the price to book ratio is 6.60.
Transactions by insiders
Recent insider trading involved Budman Gleb, CEO and Chairperson, that happened on Nov 26 ’24 when 10321.0 shares were sold. Senior VP, Engineering, Cessna Tina completed a deal on Nov 26 ’24 to sell 8874.0 shares. Meanwhile, CEO and Chairperson Budman Gleb sold 4527.0 shares on Aug 23 ’24.
