The 36-month beta value for BLZE is also noteworthy at 1.03. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 1 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 3.29% of that float. The average trading volume of BLZE on May 09, 2025 was 520.75K shares.
BLZE) stock’s latest price update
Backblaze Inc (NASDAQ: BLZE)’s stock price has soared by 16.15 in relation to previous closing price of 4.52. Nevertheless, the company has seen a gain of 17.71% in its stock price over the last five trading days. accessnewswire.com reported 2025-05-08 that NEW YORK, NY / ACCESS Newswire / May 8, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Backblaze, Inc. (“Backblaze” or “the Company”) (NASDAQ:BLZE). Investors who purchased Backblaze securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/BLZE.
BLZE’s Market Performance
BLZE’s stock has risen by 17.71% in the past week, with a monthly rise of 23.24% and a quarterly drop of -16.67%. The volatility ratio for the week is 5.10% while the volatility levels for the last 30 days are 6.39% for Backblaze Inc The simple moving average for the past 20 days is 15.14% for BLZE’s stock, with a -14.66% simple moving average for the past 200 days.
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 5.00% 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 -47.50% of loss for the given period.
Volatility was left at 6.39%, however, over the last 30 days, the volatility rate increased by 5.10%, as shares surge +10.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.41% lower at present.
During the last 5 trading sessions, BLZE rose by +17.71%, which changed the moving average for the period of 200-days by -19.11% in comparison to the 20-day moving average, which settled at $4.56. In addition, Backblaze Inc saw -12.79% 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 -74.75, with -30.99 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 2.26. The receivables turnover for the company is 21.12for 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 1.09.
Conclusion
In summary, Backblaze Inc (BLZE) has had a mixed 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.
