On Monday, Backblaze Inc (NASDAQ: BLZE) was 5.60% up from the session before settling in for the closing price of $6.25. A 52-week range for BLZE has been $4.91 – $12.65.
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Technology Sector giant saw their annual sales surged by 25.86% over the last five years. When this article was written, the company’s average yearly earnings per share was at 48.17%. With a float of $30.03 million, this company’s outstanding shares have now reached $39.15 million.
The firm has a total of 381 workers. Let’s measure their productivity. In terms of profitability, gross margin is 53.86%, operating margin of -33.31%, and the pretax margin is -37.12%.
Backblaze Inc (BLZE) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Backblaze Inc stocks. The insider ownership of Backblaze Inc is 32.37%, while institutional ownership is 37.13%. The most recent insider transaction that took place on Aug 23 ’24, was worth 29,199. In this transaction CEO and Chairperson of this company sold 4,527 shares at a rate of $6.45, taking the stock ownership to the 1,874,967 shares. Before that another transaction happened on Aug 21 ’24, when Company’s CEO and Chairperson sold 3,599 for $6.34, making the entire transaction worth $22,818. This insider now owns 1,882,976 shares in total.
Backblaze Inc (BLZE) Recent Fiscal highlights
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted -0.15 earnings per share (EPS) during the time that was better than consensus figure (set at -0.18) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 48.17% per share during the next fiscal year.
Backblaze Inc (NASDAQ: BLZE) Trading Performance Indicators
You can see what Backblaze Inc (BLZE) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.54. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.03. Likewise, its price to free cash flow for the trailing twelve months is 162.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.11, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.20 in one year’s time.
Technical Analysis of Backblaze Inc (BLZE)
Analysing the last 5-days average volume posted by the [Backblaze Inc, BLZE], we can find that recorded value of 1.43 million was better than the volume posted last year of 0.36 million. As of the previous 9 days, the stock’s Stochastic %D was 40.41%. Additionally, its Average True Range was 0.44.
During the past 100 days, Backblaze Inc’s (BLZE) raw stochastic average was set at 53.31%, which indicates a significant increase from 42.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 97.17% in the past 14 days, which was higher than the 70.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.76, while its 200-day Moving Average is $7.55. Now, the first resistance to watch is $6.85. This is followed by the second major resistance level at $7.09. The third major resistance level sits at $7.45. If the price goes on to break the first support level at $6.25, it is likely to go to the next support level at $5.89. Now, if the price goes above the second support level, the third support stands at $5.65.
Backblaze Inc (NASDAQ: BLZE) Key Stats
There are 44,400K outstanding shares of the company, which has a market capitalization of 371.10 million. As of now, sales total 102,020 K while income totals -59,710 K. Its latest quarter income was 32,590 K while its last quarter net income were -12,750 K.
