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Backblaze (BLZE)
NASDAQ:BLZE
BLZE Stock Chart & Stats
Day’s Range― - ―
52-Week Range$4.91 - $12.65
Previous CloseN/A
Volume64.56K
Average Volume (3M)302.24K
Market Cap
$377.34M
Enterprise Value$306.56M
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)―
Beta1.63
Next Earnings
Feb 25, 2025EPS Estimate
-0.09Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.11
Shares Outstanding50,650,000
10 Day Avg. Volume472,041
30 Day Avg. Volume302,237
Standard Deviation0.17
R-Squared0.07
Alpha-0.03
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.68
Price to Cash Flow (P/CF)17.70
P/FCF Ratio79.60
Enterprise Value/Market Cap0.81
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit6.15
Enterprise Value/Ebitda-21.83
Forecast
1Y Price Target
$11.50Price Target Upside54.36% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
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Backblaze News
PremiumCompany Announcements
Backblaze Ends Loan Agreement After Successful Offering
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Bulls Say, Bears Say
Bulls Say
Cost ManagementBackblaze has implemented a zero based budgeting process, which is expected to drive annualized savings of $8M.
Financial PerformanceBackblaze has increased its 2024 revenue guidance range, indicating confidence in future growth.
Revenue GrowthThe company reported a strong B2 Cloud Storage revenue growth of 39% year-over-year, contributing significantly to overall revenue growth.
Bears Say
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Ownership Overview
27.44% Insiders
8.20% Mutual Funds
15.26% Other Institutional Investors
41.71% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Backblaze
Desktop Users
Mobile Users
BLZE FAQ
What was Backblaze’s price range in the past 12 months?
Backblaze lowest stock price was $4.91 and its highest was $12.65 in the past 12 months.
What is Backblaze’s market cap?
Backblaze’s market cap is $377.34M.
When is Backblaze’s upcoming earnings report date?
Backblaze’s upcoming earnings report date is Feb 25, 2025 which is in 3 days.
How were Backblaze’s earnings last quarter?
Backblaze released its earnings results on Nov 07, 2024. The company reported -$0.1 earnings per share for the quarter, beating the consensus estimate of -$0.109 by $0.009.
Is Backblaze overvalued?
According to Wall Street analysts Backblaze’s price is currently Undervalued.
Does Backblaze pay dividends?
Backblaze does not currently pay dividends.
What is Backblaze’s EPS estimate?
Backblaze’s EPS estimate is -0.09.
How many shares outstanding does Backblaze have?
Backblaze has 50,650,000 shares outstanding.
What happened to Backblaze’s price movement after its last earnings report?
Backblaze reported an EPS of -$0.1 in its last earnings report, beating expectations of -$0.109. Following the earnings report the stock price went down -13.711%.
Which hedge fund is a major shareholder of Backblaze?
Currently, no hedge funds are holding shares in BLZE
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Backblaze Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$11.50 (54.36% Upside)
$11.50 (54.36% Upside)
Blogger Sentiment
Bullish
BLZE Sentiment 100%
Sector Average 67%
Sector Average 67%
Crowd Wisdom
Very Positive
Last 7 Days ▲ 5.4%
Last 30 Days ▲ 6.8%
Last 30 Days ▲ 6.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-36.54%
12-Months-Change
Fundamentals
Return on Equity
-100.93%
Trailing 12-Months
Asset Growth
1.11%
Trailing 12-Months
Company Description
Backblaze
Backblaze Inc provides cloud storage services. The company offers services such as Backblaze B2 Cloud Storage which enables customers to store data, developers to build applications, and partners to expand their use cases. It is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases including backups, multi-cloud, application development, and ransomware protection and Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. Geographically, it derives a majority of revenue from the United States.
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BLZE Company Deck
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BLZE Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue growth, record sales achievements, and strategic partnerships, especially in the AI and Canadian markets. However, the call also noted some challenges with B2 Cloud Storage churn and workforce reductions. On balance, the positive developments and future growth plans outweigh the lowlights.Read More>---
BLZE Stock 12 Month Forecast
Average Price Target
$11.50
▲(54.36% Upside)
Technical Analysis
Best Analysts Covering BLZE
1 Year
1 Year Success Rate
9/14 ratings generated profit
1 Year Average Return
+5.43%
assigned a buy rating 2 months ago
Copying Eric Martinuzzi's trades and holding each position for 1 Year would result in 64.29% of your transactions generating a profit, with an average return of +5.43% per trade.
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