Backblaze Inc (NASDAQ: BLZE) kicked off on Monday, up 7.47% from the previous trading day, before settling in for the closing price of $6.96. Over the past 52 weeks, BLZE has traded in a range of $4.91-$12.65.
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During the last 5-year period, the sales growth of Technology Sector giant was 25.86%. While this was happening, its average annual earnings per share was recorded 48.17%. With a float of $36.21 million, this company’s outstanding shares have now reached $44.27 million.
Let’s determine the extent of company efficiency that accounts for 381 employees. In terms of profitability, gross margin is 53.86%, operating margin of -33.31%, and the pretax margin is -37.12%.
Backblaze Inc (BLZE) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Backblaze Inc is 28.50%, while institutional ownership is 33.68%. The most recent insider transaction that took place on Nov 26 ’24, was worth 66,261. In this transaction CEO and Chairperson of this company sold 10,321 shares at a rate of $6.42, taking the stock ownership to the 1,864,646 shares. Before that another transaction happened on Nov 26 ’24, when Company’s Senior VP, Engineering sold 8,874 for $6.42, making the entire transaction worth $56,971. This insider now owns 144,566 shares in total.
Backblaze Inc (BLZE) Earnings and Forecasts
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
Take a look at Backblaze Inc’s (BLZE) current performance indicators. Last quarter, stock had a quick ratio of 0.54. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.09. Likewise, its price to free cash flow for the trailing twelve months is 165.44.
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)
Looking closely at Backblaze Inc (NASDAQ: BLZE), its last 5-days average volume was 0.42 million, which is a jump from its year-to-date volume of 0.26 million. As of the previous 9 days, the stock’s Stochastic %D was 90.19%. Additionally, its Average True Range was 0.32.
During the past 100 days, Backblaze Inc’s (BLZE) raw stochastic average was set at 76.74%, which indicates a significant decrease from 96.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 58.69% in the past 14 days, which was higher than the 54.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.45, while its 200-day Moving Average is $6.62. However, in the short run, Backblaze Inc’s stock first resistance to watch stands at $7.68. Second resistance stands at $7.87. The third major resistance level sits at $8.20. If the price goes on to break the first support level at $7.16, it is likely to go to the next support level at $6.83. Should the price break the second support level, the third support level stands at $6.64.
Backblaze Inc (NASDAQ: BLZE) Key Stats
The company with the Market Capitalisation of 378.86 million has total of 44,400K Shares Outstanding. Its annual sales at the moment are 102,020 K in contrast with the sum of -59,710 K annual income. Company’s last quarter sales were recorded 32,590 K and last quarter income was -12,750 K.
