On Friday, Backblaze Inc (NASDAQ: BLZE) opened lower -3.07% from the last session, before settling in for the closing price of $7.48. Price fluctuations for BLZE have ranged from $4.91 to $12.65 over the past 52 weeks.
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Annual sales at Technology sector company grew by 25.86% over the past five years. Company’s average yearly earnings per share was noted 48.17% at the time writing. With a float of $36.47 million, this company’s outstanding shares have now reached $44.27 million.
Let’s look at the performance matrix of the company that is accounted 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 Updates
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Backblaze Inc is 27.99%, while institutional ownership is 45.80%. 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) Performance Highlights and Predictions
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
Check out the current performance indicators for Backblaze Inc (BLZE). In the past 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 3.00. Likewise, its price to free cash flow for the trailing twelve months is 160.35.
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)
Backblaze Inc (NASDAQ: BLZE) saw its 5-day average volume 0.4 million, a positive change from its year-to-date volume of 0.27 million. As of the previous 9 days, the stock’s Stochastic %D was 88.32%. Additionally, its Average True Range was 0.35.
During the past 100 days, Backblaze Inc’s (BLZE) raw stochastic average was set at 67.83%, which indicates a significant decrease from 78.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 58.26% in the past 14 days, which was higher than the 54.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.53, while its 200-day Moving Average is $6.58. Nevertheless, the first resistance level for the watch stands at $7.46 in the near term. At $7.66, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.79. If the price goes on to break the first support level at $7.13, it is likely to go to the next support level at $7.00. Assuming the price breaks the second support level, the third support level stands at $6.80.
Backblaze Inc (NASDAQ: BLZE) Key Stats
There are currently 44,400K shares outstanding in the company with a market cap of 367.21 million. Presently, the company’s annual sales total 102,020 K according to its annual income of -59,710 K. Last quarter, the company’s sales amounted to 32,590 K and its income totaled -12,750 K.
