Backblaze Stock In The News
| BLZE Stock | USD 6.60 0.35 5.60% |
Our overall analysis of Backblaze's news coverage and content from conventional and social sources shows investors' bearish mood towards Backblaze. The specific impact of Backblaze news on its stock price will depend on a range of factors, including the nature and significance of the news report and investors' perceptions of Backblaze's overall financial health and prospects. It also depends on the type and quality of a news publisher.
Some academic researchers believe in a strong correlation between financial news and their impacts on the movements of stock prices. Macroaxis does not take a position on this subject and only provides tools that can help investors to time the market using Backblaze headlines in addition to utilizing other, more conventional financial analysis modules. Check out Backblaze Backtesting and Backblaze Hype Analysis. For information on how to trade Backblaze Stock refer to our How to Trade Backblaze Stock guide.
Backblaze |
Backblaze Today Top News and Investor Outlook
Backblaze Past News Timeline
Popular news outlets such as MarketWatch, Bloomberg, or Reuters provide Backblaze and other traded companies coverage with news coverage. We help investors stay connected with Backblaze headlines for the 25th of November to make an informed investment decision based on correlating the impacts of news items on Backblaze Stock performance. Please note that trading solely based on the Backblaze hype is not for everyone as timely availability and quick action are needed to avoid losses.
Backblaze stock price changes are notoriously difficult to predict based exclusively on its news coverage or social hype. Still, the Backblaze earnings-per-share ratio is a good starting point for gauging a company's future prospects. If a firm's EPS rises and meets or even beats consensus forecasts, its shares stand to increase. However, some very sophisticated investors can spot management manipulation of EPS through actions such as buybacks.
Far too much social signal, news, headlines, and media speculation about Backblaze that are available to investors today. That information is available publicly through Backblaze media outlets and privately through word of mouth or via Backblaze internal channels. However, regardless of the origin, that massive amount of Backblaze data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Backblaze news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Backblaze relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Backblaze's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Backblaze alpha.
Backblaze Largest EPS Surprises
Earnings surprises can significantly impact Backblaze's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-11-07 | 2024-09-30 | -0.24 | -0.29 | -0.05 | 20 | ||
2022-05-05 | 2022-03-31 | -0.36 | -0.41 | -0.05 | 13 | ||
2024-02-15 | 2023-12-31 | -0.37 | -0.3 | 0.07 | 18 | ||
2023-11-08 | 2023-09-30 | -0.37 | -0.44 | -0.07 | 18 | ||
2023-05-09 | 2023-03-31 | -0.43 | -0.5 | -0.07 | 16 | ||
2022-02-17 | 2021-12-31 | -0.26 | -0.38 | -0.12 | 46 |
Backblaze Stock Latest Headlines
Some academic researchers believe in a strong correlation between financial news and their impacts on the movements of stock prices. Macroaxis does not take a position on this subject and only provides tools that can help investors to time the market using conventional financial analysis. Below is the latest headlines and news related to Backblaze Stock. Current markets are strongly bullish. About 75% of major world exchanges and indexes are currently up. See today's market update for more information.
21st of November 2024
Backblaze Announces Pricing of Upsized 35 Million Follow-On Offering at businesswire.com
20th of November 2024
Backblaze launches 30 million public offering at seekingalpha.com
8th of November 2024
Backblaze, Inc. Reports Q3 Loss, Tops Revenue Estimates at zacks.com
7th of November 2024
Revenues Tell The Story For Backblaze, Inc. As Its Stock Soars 26 at simplywall.st
6th of November 2024
Backblaze Inc Q3 2024 Earnings Report Preview What to Expect at gurufocus.com
17th of October 2024
Backblazeto Announce Third Quarter 2024 Results on November 7, 2024 at finance.yahoo.com
30th of September 2024
Backblaze, Inc. Short Interest Update at thelincolnianonline.com
12th of September 2024
Backblaze Deepens Sales Leadership Team at globenewswire.com
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Backblaze in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Backblaze's short interest history, or implied volatility extrapolated from Backblaze options trading.
Check out Backblaze Backtesting and Backblaze Hype Analysis. For information on how to trade Backblaze Stock refer to our How to Trade Backblaze Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Backblaze. If investors know Backblaze will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Backblaze listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.12) | Revenue Per Share 3.629 | Quarterly Revenue Growth 0.288 | Return On Assets (0.20) | Return On Equity (1.03) |
The market value of Backblaze is measured differently than its book value, which is the value of Backblaze that is recorded on the company's balance sheet. Investors also form their own opinion of Backblaze's value that differs from its market value or its book value, called intrinsic value, which is Backblaze's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Backblaze's market value can be influenced by many factors that don't directly affect Backblaze's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Backblaze's value and its price as these two are different measures arrived at by different means. Investors typically determine if Backblaze is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Backblaze's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.