Financial Health Check: Examining Backblaze Inc (BLZE)’s Key Ratios

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Backblaze Inc (NASDAQ: BLZE) closed the day trading at $7.50 down -24.32% from the previous closing price of $9.91. In other words, the price has decreased by -$24.32 from its previous closing price. On the day, 2.22 million shares were traded. BLZE stock price reached its highest trading level at $9.44 during the session, while it also had its lowest trading level at $7.305.


For a better understanding of BLZE, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.51.

On December 06, 2021, Raymond James started tracking the stock assigning a Outperform rating and target price of $26.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 27 ’24 when Cessna Tina sold 2,610 shares for $10.00 per share. The transaction valued at 26,100 led to the insider holds 121,083 shares of the business.

Cessna Tina sold 20,000 shares of BLZE for $199,000 on Mar 26 ’24. The Senior VP, Engineering now owns 121,083 shares after completing the transaction at $9.95 per share. On Mar 25 ’24, another insider, Cessna Tina, who serves as the Senior VP, Engineering of the company, sold 20,000 shares for $10.03 each. As a result, the insider received 200,600 and left with 121,083 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BLZE now has a Market Capitalization of 310133248 and an Enterprise Value of 426499008. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.86 while its Price-to-Book (P/B) ratio in mrq is 6.55. Its current Enterprise Value per Revenue stands at 3.927 whereas that against EBITDA is -16.874.

Stock Price History:

The Beta on a monthly basis for BLZE is 1.23, which has changed by 1.3427896 over the last 52 weeks, in comparison to a change of 0.25590587 over the same period for the S&P500. Over the past 52 weeks, BLZE has reached a high of $12.65, while it has fallen to a 52-week low of $3.50. The 50-Day Moving Average of the stock is -25.36%, while the 200-Day Moving Average is calculated to be 0.47%.

Shares Statistics:

Over the past 3-months, BLZE traded about 406.18K shares per day on average, while over the past 10 days, BLZE traded about 183760 shares per day. A total of 39.15M shares are outstanding, with a floating share count of 26.40M. Insiders hold about 36.15% of the company’s shares, while institutions hold 27.11% stake in the company. Shares short for BLZE as of 1713139200 were 1340601 with a Short Ratio of 3.30, compared to 1710460800 on 1415899. Therefore, it implies a Short% of Shares Outstanding of 1340601 and a Short% of Float of 3.39.

Earnings Estimates

Investors are eagerly awaiting the insights provided by 6.0 analysts currently analyzing and rating the stock of Backblaze Inc (BLZE).On average, analysts expect EPS of -$0.29 for the current quarter, with a high estimate of -$0.24 and a low estimate of -$0.33, while EPS last year was -$0.5. The consensus estimate for the next quarter is -$0.27, with high estimates of -$0.24 and low estimates of -$0.3.

Analysts are recommending an EPS of between -$0.9 and -$1.19 for the fiscal current year, implying an average EPS of -$1.01. EPS for the following year is -$0.79, with 6.0 analysts recommending between -$0.7 and -$0.86.

Revenue Estimates

8 analysts predict $29.97M in revenue for the current quarter. It ranges from a high estimate of $29.9M to a low estimate of $29.61M. As of the current estimate, Backblaze Inc’s year-ago sales were $23.39MFor the next quarter, 8 analysts are estimating revenue of $30.75M. There is a high estimate of $31.31M for the next quarter, whereas the lowest estimate is $29.95M.

A total of 8 analysts have provided revenue estimates for BLZE’s current fiscal year. The highest revenue estimate was $128.14M, while the lowest revenue estimate was $126M, resulting in an average revenue estimate of $127.04M. In the same quarter a year ago, actual revenue was $102.02MBased on 8 analysts’ estimates, the company’s revenue will be $148.56M in the next fiscal year. The high estimate is $154.02M and the low estimate is $144.6M.

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