In yesterday’s Wall Street session, Backblaze Inc (NASDAQ:BLZE) shares traded at $6.67, down -1.62% from the previous session.
BLZE stock price is now -27.23% away from the 50-day moving average and -11.96% away from the 200-day moving average. The market capitalization of the company currently stands at $276.81M.
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On December 06, 2021, Raymond James recently initiated its ‘Outperform’ rating on the stock quoting a target price of $26, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Cessna Tina, Senior VP, Engineering sold 2,715 shares of the company’s stock on May 23 ’24. The stock was sold for $18,028 at an average price of $6.64. Upon completion of the transaction, the Senior VP, Engineering now directly owns 113,895 shares in the company, valued at $0.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23 ’24, Chief Financial Officer Patchel Francis P sold 2,647 shares of the business’s stock. A total of $17,576 was realized by selling the stock at an average price of $6.64. This leaves the insider owning 172,981 shares of the company worth $1.15 million. A total of 33.04% of the company’s stock is owned by insiders.
During the past 12 months, Backblaze Inc has had a low of $3.50 and a high of $12.65. As of last week, the company has a debt-to-equity ratio of 0.93, a current ratio of 0.70, and a quick ratio of 0.70. The fifty day moving average price for BLZE is $9.0884 and a two-hundred day moving average price translates $7.5877 for the stock.
The latest earnings results from Backblaze Inc (NASDAQ: BLZE) was released for 2024-03-31. According to the Software – Infrastructure Company, earnings per share came in at -0.41, beating analysts’ expectations of -0.42 by 0.01. This compares to -$0.50 EPS in the same period last year. The net profit margin was -48.62% and return on equity was -97.76% for BLZE. The company reported revenue of $29.97 million for the quarter, compared to $23.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.1 percent. For the current quarter, analysts expect BLZE to generate $30.8M in revenue.
