Backblaze Inc [BLZE] stock prices are up 0.57% to $5.33 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BLZE shares have gain 18.44% over the last week, with a monthly amount glided 16.89%, 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.
The stock price of Backblaze Inc [BLZE] has been fluctuating between $3.94 and $8.08 over the past year. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. Backblaze Inc [NASDAQ: BLZE] shares were valued at $5.33 at the most recent close of the market. An investor can expect a potential return of 50.09% based on the average BLZE price forecast.
Analyzing the BLZE fundamentals
The Backblaze Inc [NASDAQ:BLZE] reported sales of 132.27M for trailing twelve months, representing a surge of 15.50%. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at -0.34%, Pretax Profit Margin comes in at -0.35%, and Net Profit Margin reading is -0.35%. To continue investigating profitability, this company’s Return on Assets is posted at -0.28, Equity is -0.77 and Total Capital is -0.4. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.62.
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 5.24 points at the first support level, and at 5.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.43, and for the 2nd resistance point, it is at 5.54.
Ratios To Look Out For
It’s worth pointing out that Backblaze Inc [NASDAQ:BLZE]’s Current Ratio is 1.09. On the other hand, the Quick Ratio is 1.09, and the Cash Ratio is 0.68. Considering the valuation of this stock, the price to sales ratio is 2.21, the price to book ratio is 3.76.
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.
