At the time of writing, Backblaze Inc [BLZE] stock is trading at $5.25, up 16.15%. 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 17.71% over the last week, with a monthly amount glided 23.24%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Backblaze Inc [NASDAQ: BLZE] stock has seen the most recent analyst activity on March 11, 2025, when Needham initiated its Buy rating and assigned the stock a price target of $8. On December 06, 2021, Raymond James initiated with a Outperform rating and assigned a price target of $26 on the stock. Oppenheimer started tracking the stock assigning a Outperform rating. Lake Street initiated its recommendation with a Buy and recommended $28 as its price target on December 06, 2021. JMP Securities started tracking with a Mkt Outperform rating for this stock on December 06, 2021, and assigned it a price target of $30. In a note dated December 06, 2021, B. Riley Securities initiated an Buy rating and provided a target price of $29 on this stock.
For the past year, the stock price of Backblaze Inc fluctuated between $3.94 and $10.00. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. Backblaze Inc [NASDAQ: BLZE] shares were valued at $5.25 at the most recent close of the market. An investor can expect a potential return of 52.38% based on the average BLZE price forecast.
Analyzing the BLZE fundamentals
According to Backblaze Inc [NASDAQ:BLZE], the company’s sales were 132.27M for trailing twelve months, which represents an 15.50% jump. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.34%, Pretax Profit Margin comes in at -0.38%, and Net Profit Margin reading is -0.38%. To continue investigating profitability, this company’s Return on Assets is posted at -0.29, Equity is -0.91 and Total Capital is -0.4. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.6.
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 4.92 points at the first support level, and at 4.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.60, and for the 2nd resistance point, it is at 5.96.
Ratios To Look Out For
It is important to note that Backblaze Inc [NASDAQ:BLZE] has a current ratio of 1.09. Further, the Quick Ratio stands at 1.09, while the Cash Ratio is 0.77. Considering the valuation of this stock, the price to sales ratio is 2.18, the price to book ratio is 3.70.
Transactions by insiders
Recent insider trading involved Budman Gleb, CEO and Chairperson, that happened on Feb 28 ’25 when 3499.0 shares were sold. CEO and Chairperson, Budman Gleb completed a deal on Feb 27 ’25 to sell 2863.0 shares. Meanwhile, Chief Financial Officer Suidan Marc sold 2413.0 shares on Feb 28 ’25.
