Backblaze Inc (NASDAQ: BLZE) is -7.64% lower on its value in year-to-date trading and has touched a low of $3.94 and a high of $8.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BLZE stock was last observed hovering at around $5.33 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $5.56, the stock is 13.13% and 13.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing 4.32% at the moment leaves the stock -8.85% off its SMA200. BLZE registered -21.91% loss for a year compared to 6-month loss of -11.46%. The firm has a 50-day simple moving average (SMA 50) of $4.9174 and a 200-day simple moving average (SMA200) of $6.09995.
The stock witnessed a 24.38% gain in the last 1 month and extending the period to 3 months gives it a -25.37%, and is 2.77% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.27% over the week and 5.40% over the month.
Backblaze Inc (BLZE) has around 346 employees, a market worth around $305.25M and $132.27M in sales. Fwd P/E is 279.40. Profit margin for the company is -35.38%. Distance from 52-week low is 41.12% and -31.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-44.28%).
The EPS is expected to grow by 68.16% this year
153.0 institutions hold shares in Backblaze Inc (BLZE), with institutional investors hold 54.12% of the company’s shares. The shares outstanding are 54.87M, and float is at 39.13M with Short Float at 3.50%. Institutions hold 44.40% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.6 million shares valued at $16.02 million. The investor’s holdings represent 6.1683 of the BLZE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 1.77 million shares valued at $10.88 million to account for 4.1887 of the shares outstanding. The other top investors are WHETSTONE CAPITAL ADVISORS, LLC which holds 1.6 million shares representing 3.7977 and valued at over $9.86 million, while FIRST EAGLE INVESTMENT MANAGEMENT, LLC holds 2.5965 of the shares totaling 1.09 million with a market value of $6.74 million.
Backblaze Inc (BLZE) Insider Activity
The most recent transaction is an insider sale by Budman Gleb, the company’s CEO and Chairperson. SEC filings show that Budman Gleb sold 3,499 shares of the company’s common stock on Feb 28 ’25 at a price of $6.30 per share for a total of $22044.0. Following the sale, the insider now owns 1.86 million shares.
Backblaze Inc disclosed in a document filed with the SEC on Feb 27 ’25 that Budman Gleb (CEO and Chairperson) sold a total of 2,863 shares of the company’s common stock. The trade occurred on Feb 27 ’25 and was made at $6.61 per share for $18924.0. Following the transaction, the insider now directly holds 1.87 million shares of the BLZE stock.
Still, SEC filings show that on Feb 28 ’25, Suidan Marc (Chief Financial Officer) disposed off 2,413 shares at an average price of $6.30 for $15202.0. The insider now directly holds 305,791 shares of Backblaze Inc (BLZE).
