NASDAQ:BLZE Backblaze (BLZE) Stock Price, News & Analysis $7.13 +0.01 (+0.14%) (As of 10/17/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About Backblaze Stock (NASDAQ:BLZE) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Backblaze alerts:Sign Up Key Stats Today's Range$7.00▼$7.1950-Day Range$5.19▼$7.1352-Week Range$4.80▼$12.65Volume105,329 shsAverage Volume351,145 shsMarket Capitalization$295.90 millionP/E RatioN/ADividend YieldN/APrice Target$11.25Consensus RatingBuy Company OverviewBackblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; repository for analytics, artificial intelligence and machine learning; and Internet of Things. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.Read More… The real reason Elon is fully endorsing Trump (Ad)Elon Musk is one of mankind’s greatest innovators. But for all his visionary prowess and contributions to humanity, there is a war being waged on Elon Musk. This war has nothing to do with X, Elon’s stance on immigration or his support for Donald Trump. Watch this new documentary and you’ll discover what Elon knows, Backblaze Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks59th Percentile Overall ScoreBLZE MarketRank™: Backblaze scored higher than 59% of companies evaluated by MarketBeat, and ranked 374th out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.5 / 5Analyst RatingBuy Consensus RatingBackblaze has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageBackblaze has only been the subject of 2 research reports in the past 90 days.Read more about Backblaze's stock forecast and price target. Earnings and Valuation0.6 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Backblaze are expected to grow in the coming year, from ($0.99) to ($0.89) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Backblaze is -5.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Backblaze is -5.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioBackblaze has a P/B Ratio of 6.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Backblaze's valuation and earnings. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted4.55% of the float of Backblaze has been sold short.Short Interest Ratio / Days to CoverBackblaze has a short interest ratio ("days to cover") of 4.9.Change versus previous monthShort interest in Backblaze has recently decreased by 0.75%, indicating that investor sentiment is improving. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldBackblaze does not currently pay a dividend.Dividend GrowthBackblaze does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted4.55% of the float of Backblaze has been sold short.Short Interest Ratio / Days to CoverBackblaze has a short interest ratio ("days to cover") of 4.9.Change versus previous monthShort interest in Backblaze has recently decreased by 0.75%, indicating that investor sentiment is improving. News and Social Media2.9 / 5News Sentiment1.19 News SentimentBackblaze has a news sentiment score of 1.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Backblaze this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 1 people have added Backblaze to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, Backblaze insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $311,530.00 in company stock.Percentage Held by InsidersOnly 5.20% of the stock of Backblaze is held by insiders.Percentage Held by Institutions54.03% of the stock of Backblaze is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Backblaze's insider trading history. Receive BLZE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Backblaze and its competitors with MarketBeat's FREE daily newsletter. Email Address BLZE Stock News HeadlinesBackblaze to Announce Third Quarter 2024 Results on November 7, 2024October 17 at 4:15 PM | globenewswire.comBackblaze (BLZE) Gets a Buy from Craig-HallumOctober 12, 2024 | markets.businessinsider.comCrypto’s next big bull run?Juan Villaverde may be America’s top crypto expert. And he says something big is coming for crypto – on November 5. Just a day after the American election, Juan believes crypto could start a massive run up …October 17, 2024 | Weiss Ratings (Ad)Backblaze Inc (BLZE) Q2 2024 Earnings Call Highlights: Record Revenue Growth and Strategic ...October 9, 2024 | finance.yahoo.comBackblaze (BLZE) Receives a Buy from Lake StreetOctober 5, 2024 | markets.businessinsider.comBackblaze (NASDAQ:BLZE) Stock Quotes, Forecast and News SummaryOctober 4, 2024 | benzinga.comBackblaze: High Growth Software Stock Trading For PeanutsSeptember 27, 2024 | seekingalpha.comBackblaze: Cloud Storage Momentum Fuels Upside PotentialSeptember 27, 2024 | seekingalpha.comSee More Headlines BLZE Stock Analysis - Frequently Asked Questions How have BLZE shares performed this year? Backblaze's stock was trading at $7.59 on January 1st, 2024. Since then, BLZE shares have decreased by 6.1% and is now trading at $7.13. View the best growth stocks for 2024 here. How were Backblaze's earnings last quarter? Backblaze, Inc. (NASDAQ:BLZE) announced its quarterly earnings data on Thursday, August, 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.13. The firm had revenue of $31.29 million for the quarter, compared to analyst estimates of $30.93 million. Backblaze had a negative net margin of 42.34% and a negative trailing twelve-month return on equity of 104.71%. When did Backblaze IPO? Backblaze (BLZE) raised $101 million in an IPO on Thursday, November 11th 2021. The company issued 6,300,000 shares at a price of $15.00-$17.00 per share. Oppenheimer & Co., William Blair and Raymond James acted as the underwriters for the IPO and JMP Securities, Lake Street and B. Riley Securities were co-managers. Who are Backblaze's major shareholders? Backblaze's top institutional investors include SG Americas Securities LLC (0.03%). Insiders that own company stock include Tmt Investments Plc, Gleb Budman, Brian K Wilson, Timothy M Nufire, Charles J Jones, Kwok Hang Ng, Tina Cessna, Francis P Patchel and Barbara H Nelson. View institutional ownership trends. How do I buy shares of Backblaze? Shares of BLZE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Backblaze own? Based on aggregate information from My MarketBeat watchlists, some other companies that Backblaze investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), TotalEnergies (TTE), The RMR Group (RMR) and NVIDIA (NVDA). Company Calendar Last Earnings8/08/2024Today10/17/2024Next Earnings (Estimated)11/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Software - Infrastructure Sub-IndustryComputer Software Current SymbolNASDAQ:BLZE CUSIPN/A CIK1462056 Webwww.backblaze.com Phone650-352-3738Fax650-472-8095Employees381Year FoundedN/APrice Target and Rating Average Stock Price Target$11.25 High Stock Price Target$14.00 Low Stock Price Target$10.00 Potential Upside/Downside+57.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($1.42) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-59,710,000.00 Net Margins-42.34% Pretax Margin-43.07% Return on Equity-104.71% Return on Assets-36.79% Debt Debt-to-Equity Ratio0.34 Current Ratio0.61 Quick Ratio0.61 Sales & Book Value Annual Sales$115.29 million Price / Sales2.57 Cash FlowN/A Price / Cash FlowN/A Book Value$1.15 per share Price / Book6.20Miscellaneous Outstanding Shares41,500,000Free Float40,669,000Market Cap$295.90 million OptionableOptionable Beta1.02 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. 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