Backblaze Inc (NASDAQ:BLZE) shares, rose in value, without any change to the previous day’s close as strong demand from buyers drove the stock to $4.69.
Actively observing the price movement in the last trading, the stock closed the session at $4.69, falling within a range of $4.522 and $4.765. The value of beta (5-year monthly) was 1.022. Referring to stock’s 52-week performance, its high was $10.00, and the low was $4.07. On the whole, BLZE has fluctuated by -15.04% over the past month.
With the market capitalization of Backblaze Inc currently standing at about $257.34 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-24.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 145.02M, with a low estimate of 34.1M and a high estimate of 34.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 34.22M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BLZE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of BLZE currently trading nearly -3.22% and -18.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.98, while the 7-day volatility ratio is showing 5.35% which for the 30-day chart, stands at 6.68%. Furthermore, Backblaze Inc (BLZE)’s beta value is 0.98, and its average true range (ATR) is 0.35.
A comparison of Backblaze Inc (BLZE) with its peers suggests the former has fared considerably weaker in the market. BLZE showed an intraday change of 0.00% in last session, and over the past year, it shrunk by -48.52%%.
Data on historical trading for Backblaze Inc (NASDAQ:BLZE) indicates that the trading volumes over the past 10 days have averaged 0.43 and over the past 3 months, they’ve averaged 468.08K. According to company’s latest data on outstanding shares, there are 53.38 million shares outstanding.
Nearly 28.68% of Backblaze Inc’s shares belong to company insiders and institutional investors own 42.46% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.97 million shares as on 2025-03-31, resulting in a short ratio of 1.92. According to the data, the short interest in Backblaze Inc (BLZE) stood at 185.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.62 million. The stock has fallen by -22.09% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BLZE stock heading into the next quarter.
