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After finishing at $7.08 in the prior trading day, Backblaze Inc (NASDAQ: BLZE) closed at $6.33, down -10.59%. In other words, the price has decreased by -$10.59 from its previous closing price. On the day, 0.81 million shares were traded.
Ratios:
Our goal is to gain a better understanding of BLZE by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 140.01. 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:
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 Nov 26 ’24 when Budman Gleb sold 10,321 shares for $6.42 per share. The transaction valued at 66,261 led to the insider holds 1,864,646 shares of the business.
Cessna Tina sold 8,874 shares of BLZE for $56,971 on Nov 26 ’24. The Senior VP, Engineering now owns 144,566 shares after completing the transaction at $6.42 per share. On Aug 23 ’24, another insider, Budman Gleb, who serves as the CEO and Chairperson of the company, sold 4,527 shares for $6.45 each. As a result, the insider received 29,199 and left with 1,874,967 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.62 while its Price-to-Book (P/B) ratio in mrq is 6.54.
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 -3.50%, while the 200-Day Moving Average is calculated to be -2.82%.
Shares Statistics:
A total of 44.27M shares are outstanding, with a floating share count of 36.48M. Insiders hold about 27.97% of the company’s shares, while institutions hold 46.00% stake in the company.
