The stock of Backblaze Inc (BLZE) has seen a -12.17% decrease in the past week, with a -25.38% drop in the past month, and a -34.93% decrease in the past quarter. The volatility ratio for the week is 5.77%, and the volatility levels for the past 30 days are at 7.03% for BLZE. The simple moving average for the last 20 days is -11.22% for BLZE stock, with a simple moving average of -34.02% for the last 200 days.
Is It Worth Investing in Backblaze Inc (NASDAQ: BLZE) Right Now?
The 36-month beta value for BLZE is also noteworthy at 1.01. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for BLZE is 39.13M, and at present, short sellers hold a 2.48% of that float. The average trading volume of BLZE on April 24, 2025 was 472.04K shares.
BLZE) stock’s latest price update
The stock price of Backblaze Inc (NASDAQ: BLZE) has plunged by -9.86 when compared to previous closing price of 4.57, but the company has seen a -12.17% decline in its stock price over the last five trading sessions. businesswire.com reported 2025-04-15 that SAN MATEO, Calif.–(BUSINESS WIRE)–Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, will report financial results for its first quarter ending March 31, 2025 on Wednesday, May 7, 2025 after market close. Following the release of results, Backblaze will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) on May 7, 2025 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/343201800 Re.
Analysts’ Opinion of BLZE
Many brokerage firms have already submitted their reports for BLZE stocks, with Needham repeating the rating for BLZE by listing it as a “Buy.” The predicted price for BLZE in the upcoming period, according to Needham is $8 based on the research report published on March 11, 2025 of the current year 2025.
Raymond James gave a rating of “Outperform” to BLZE, setting the target price at $26 in the report published on December 06th of the previous year.
BLZE Trading at -25.35% from the 50-Day Moving Average
After a stumble in the market that brought BLZE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.81% of loss for the given period.
Volatility was left at 7.03%, however, over the last 30 days, the volatility rate increased by 5.77%, as shares sank -19.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.56% lower at present.
During the last 5 trading sessions, BLZE fell by -10.23%, which changed the moving average for the period of 200-days by -32.42% in comparison to the 20-day moving average, which settled at $4.64. In addition, Backblaze Inc saw -31.57% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BLZE starting from Budman Gleb, who sale 3,499 shares at the price of $6.30 back on Feb 28 ’25. After this action, Budman Gleb now owns 1,863,857 shares of Backblaze Inc, valued at $22,044 using the latest closing price.
Budman Gleb, the CEO and Chairperson of Backblaze Inc, sale 2,863 shares at $6.61 during a trade that took place back on Feb 27 ’25, which means that Budman Gleb is holding 1,867,356 shares at $18,924 based on the most recent closing price.
Stock Fundamentals for BLZE
Current profitability levels for the company are sitting at:
- -0.34 for the present operating margin
- 0.54 for the gross margin
The net margin for Backblaze Inc stands at -0.38. The total capital return value is set at -0.4. Equity return is now at value -79.20, with -32.33 for asset returns.
Based on Backblaze Inc (BLZE), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is -11.98.
Currently, EBITDA for the company is -16.54 million with net debt to EBITDA at -0.03. When we switch over and look at the enterprise to sales, we see a ratio of 1.83. The receivables turnover for the company is 69.7for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.10.
Conclusion
In summary, Backblaze Inc (BLZE) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
