In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of Backblaze Inc (NASDAQ: BLZE) closed at $6.60 in the last session, up 5.60% from day before closing price of $6.25. In other words, the price has increased by $5.60 from its previous closing price. On the day, 1.42 million shares were traded. BLZE stock price reached its highest trading level at $6.74 during the session, while it also had its lowest trading level at $6.14.
Ratios:
We take a closer look at BLZE’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 162.05. For the most recent quarter (mrq), Quick Ratio is recorded 0.54 and its Current Ratio is at 0.54. In the meantime, Its Debt-to-Equity ratio is 1.15 whereas as Long-Term Debt/Eq ratio is at 0.68.
On December 06, 2021, Raymond James started tracking the stock assigning a Outperform rating and target price of $26.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 23 ’24 when Budman Gleb sold 4,527 shares for $6.45 per share. The transaction valued at 29,199 led to the insider holds 1,874,967 shares of the business.
Budman Gleb sold 3,599 shares of BLZE for $22,818 on Aug 21 ’24. The CEO and Chairperson now owns 1,882,976 shares after completing the transaction at $6.34 per share. On Aug 22 ’24, another insider, Budman Gleb, who serves as the CEO and Chairperson of the company, sold 3,482 shares for $6.22 each. As a result, the insider received 21,658 and left with 1,879,494 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 293040000 and an Enterprise Value of 321536992. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.03 while its Price-to-Book (P/B) ratio in mrq is 6.82. Its current Enterprise Value per Revenue stands at 2.623 whereas that against EBITDA is -14.571.
Stock Price History:
Over the past 52 weeks, BLZE has reached a high of $12.65, while it has fallen to a 52-week low of $4.91. The 50-Day Moving Average of the stock is -2.34%, while the 200-Day Moving Average is calculated to be -12.54%.
Shares Statistics:
According to the various share statistics, BLZE traded on average about 306.36K shares per day over the past 3-months and 771630 shares per day over the past 10 days. A total of 39.15M shares are outstanding, with a floating share count of 30.03M. Insiders hold about 32.37% of the company’s shares, while institutions hold 37.13% stake in the company. Shares short for BLZE as of 1730332800 were 1069527 with a Short Ratio of 3.49, compared to 1727654400 on 1318677. Therefore, it implies a Short% of Shares Outstanding of 1069527 and a Short% of Float of 2.5999999.
