On Monday, Backblaze Inc (NASDAQ: BLZE) opened higher 5.56% from the last session, before settling in for the closing price of $4.32. Price fluctuations for BLZE have ranged from $3.94 to $10.86 over the past 52 weeks.
During the last 5-year period, the sales drop of Technology Sector giant was -102.29%. Company’s average yearly earnings per share was noted 103.02% at the time writing. With a float of $54.51 million, this company’s outstanding shares have now reached $57.54 million.
Backblaze Inc (BLZE) Insider Activity
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 5.54%, while institutional ownership is 52.22%. The most recent insider transaction that took place on Feb 28 ’25, was worth 22,044. In this transaction CEO and Chairperson of this company sold 3,499 shares at a rate of $6.30, taking the stock ownership to the 1,863,857 shares. Before that another transaction happened on Feb 27 ’25, when Company’s CEO and Chairperson sold 2,863 for $6.61, making the entire transaction worth $18,924. This insider now owns 1,867,356 shares in total.
Backblaze Inc (BLZE) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 12/31/2024, the company posted -0.06 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.09) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.0 per share during the current 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 1.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.85. Likewise, its price to free cash flow for the trailing twelve months is 24.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.66, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 0.06 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 0.93 million, which is a jump from its year-to-date volume of 0.55 million. As of the previous 9 days, the stock’s Stochastic %D was 13.20%.
During the past 100 days, Backblaze Inc’s (BLZE) raw stochastic average was set at 6.39%, which indicates a significant decrease from 7.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.50 in the past 14 days, which was higher than the 0.41 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.57, while its 200-day Moving Average is $6.59. However, in the short run, Backblaze Inc’s stock first resistance to watch stands at $4.66. Second resistance stands at $4.77. The third major resistance level sits at $4.93. If the price goes on to break the first support level at $4.39, it is likely to go to the next support level at $4.23. Should the price break the second support level, the third support level stands at $4.12.
Backblaze Inc (NASDAQ: BLZE) Key Stats
There are currently 57,700K shares outstanding in the company with a market cap of 263.11 million. Presently, the company’s annual sales total 127,630 K according to its annual income of -48,530 K. Last quarter, the company’s sales amounted to 37,160 K and its income totaled -3,780 K.
