As on Thursday, Backblaze Inc (NASDAQ: BLZE) started slowly as it slid -24.32% to $7.50, before settling in for the price of $9.91 at the close. Taking a more long-term approach, BLZE posted a 52-week range of $3.50-$12.65.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was 25.86%. Meanwhile, its Annual Earning per share during the time was -166.45%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 43.37%. This publicly-traded company’s shares outstanding now amounts to $39.15 million, simultaneously with a float of $26.40 million. The organization now has a market capitalization sitting at $310.12 million. At the time of writing, stock’s 50-day Moving Average stood at $9.98, while the 200-day Moving Average is $7.48.
Backblaze Inc (BLZE) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Software – Infrastructure industry. Backblaze Inc’s current insider ownership accounts for 36.15%, in contrast to 27.11% institutional ownership. According to the most recent insider trade that took place on Mar 27 ’24, this organization’s Senior VP, Engineering sold 2,610 shares at the rate of 10.00, making the entire transaction reach 26,100 in total value, affecting insider ownership by 121,083. Preceding that transaction, on Mar 26 ’24, Company’s Senior VP, Engineering sold 20,000 for 9.95, making the whole transaction’s value amount to 199,000. This particular insider is now the holder of 121,083 in total.
Backblaze Inc (BLZE) Earnings and Revenue Records
Backblaze Inc’s EPS increase for this current 12-month fiscal period is 43.37% and is forecasted to reach -0.34 in the upcoming year.
Backblaze Inc (NASDAQ: BLZE) Trading Performance Indicators
Let’s observe the current performance indicators for Backblaze Inc (BLZE). It’s Quick Ratio in the last reported quarter now stands at 0.70. The Stock has managed to achieve an average true range (ATR) of 0.55. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.86.
In the same vein, BLZE’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.42, a figure that is expected to reach -0.13 in the next quarter, and analysts are predicting that it will be -0.34 at the market close of one year from today.
Technical Analysis of Backblaze Inc (BLZE)
Through scrutinizing the latest numbers posted by the [Backblaze Inc, BLZE], it can be observed that its last 5-days Average volume of 0.61 million was better the volume of 0.37 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 60.17% While, its Average True Range was 0.62.
Raw Stochastic average of Backblaze Inc (BLZE) in the period of the previous 100 days is set at 10.34%, which indicates a major rise in contrast to 7.41% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 118.94% that was higher than 90.45% volatility it exhibited in the past 100-days period.
