Backblaze Stock Performance
| BLZE Stock | USD 6.05 0.11 1.79% |
The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Backblaze's returns are expected to increase less than the market. However, during the bear market, the loss of holding Backblaze is expected to be smaller as well. At this point, Backblaze has a negative expected return of -0.25%. Please make sure to confirm Backblaze's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if Backblaze performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Backblaze has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of abnormal performance in the last few months, the Stock's basic indicators remain rather sound which may send shares a bit higher in March 2025. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders. ...more
Actual Historical Performance (%)
One Day Return (1.79) | Five Day Return (4.12) | Year To Date Return (0.82) | Ten Year Return (69.60) | All Time Return (69.60) |
1 | Backblaze Inc Q3 2024 Earnings Report Preview What to Expect | 11/06/2024 |
2 | Backblaze Announces Pricing of Upsized 35 Million Follow-On Offering | 11/21/2024 |
3 | Backblaze Announces Full Exercise of Over-Allotment Option - Business Wire | 11/25/2024 |
4 | Acquisition by Marc Suidan of 300000 shares of Backblaze subject to Rule 16b-3 | 11/29/2024 |
5 | Backblaze, Philadelphia Eagles, and CHESA Showcase Speed and Security in NFL Media Production at Sports Video Group Summit | 12/03/2024 |
6 | Backblaze Announces Inducement Grants under Nasdaq Listing Rule 5635 | 12/04/2024 |
7 | State Street Corp Purchases 138,917 Shares of Backblaze, Inc. - MarketBeat | 12/31/2024 |
8 | Backblaze, Inc. Shares Acquired by JPMorgan Chase Co. - MarketBeat | 01/27/2025 |
9 | Backblaze, Inc. Next-Level AI Storage and Workflow Management - Yahoo Finance UK | 01/31/2025 |
| Begin Period Cash Flow | 11.2 M |
Backblaze |
Backblaze Relative Risk vs. Return Landscape
If you would invest 732.00 in Backblaze on November 3, 2024 and sell it today you would lose (127.00) from holding Backblaze or give up 17.35% of portfolio value over 90 days. Backblaze is currently does not generate positive expected returns and assumes 3.6305% risk (volatility on return distribution) over the 90 days horizon. In different words, 32% of stocks are less volatile than Backblaze, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Backblaze Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Backblaze's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Backblaze, and traders can use it to determine the average amount a Backblaze's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0677
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BLZE |
Estimated Market Risk
| 3.63 actual daily | 32 68% of assets are more volatile |
Expected Return
| -0.25 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Backblaze is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Backblaze by adding Backblaze to a well-diversified portfolio.
Backblaze Fundamentals Growth
Backblaze Stock prices reflect investors' perceptions of the future prospects and financial health of Backblaze, and Backblaze fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Backblaze Stock performance.
| Return On Equity | -1.03 | ||||
| Return On Asset | -0.2 | ||||
| Profit Margin | (0.38) % | ||||
| Operating Margin | (0.37) % | ||||
| Current Valuation | 340.6 M | ||||
| Shares Outstanding | 51.59 M | ||||
| Price To Book | 7.29 X | ||||
| Price To Sales | 2.55 X | ||||
| Revenue | 102.02 M | ||||
| Gross Profit | 65.92 M | ||||
| EBITDA | (31.02 M) | ||||
| Net Income | (59.71 M) | ||||
| Cash And Equivalents | 88.08 M | ||||
| Cash Per Share | 2.78 X | ||||
| Total Debt | 46.85 M | ||||
| Debt To Equity | 0.52 % | ||||
| Current Ratio | 1.82 X | ||||
| Book Value Per Share | 0.97 X | ||||
| Cash Flow From Operations | (7.35 M) | ||||
| Earnings Per Share | (1.12) X | ||||
| Market Capitalization | 312.1 M | ||||
| Total Asset | 131.69 M | ||||
| Retained Earnings | (147.45 M) | ||||
| Working Capital | (18.57 M) | ||||
About Backblaze Performance
By analyzing Backblaze's fundamental ratios, stakeholders can gain valuable insights into Backblaze's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Backblaze has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Backblaze has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 50.69 | 53.22 | |
| Return On Tangible Assets | (0.69) | (0.66) | |
| Return On Capital Employed | (0.89) | (0.85) | |
| Return On Assets | (0.52) | (0.50) | |
| Return On Equity | (1.53) | (1.45) |
Things to note about Backblaze performance evaluation
Checking the ongoing alerts about Backblaze for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Backblaze help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Backblaze generated a negative expected return over the last 90 days | |
| Backblaze has high historical volatility and very poor performance | |
| Backblaze has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 102.02 M. Net Loss for the year was (59.71 M) with profit before overhead, payroll, taxes, and interest of 65.92 M. | |
| Backblaze currently holds about 88.08 M in cash with (7.35 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.78. | |
| Roughly 20.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Backblaze, Inc. Next-Level AI Storage and Workflow Management - Yahoo Finance UK |
- Analyzing Backblaze's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Backblaze's stock is overvalued or undervalued compared to its peers.
- Examining Backblaze's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Backblaze's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Backblaze's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Backblaze's stock. These opinions can provide insight into Backblaze's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Backblaze Stock analysis
When running Backblaze's price analysis, check to measure Backblaze's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Backblaze is operating at the current time. Most of Backblaze's value examination focuses on studying past and present price action to predict the probability of Backblaze's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Backblaze's price. Additionally, you may evaluate how the addition of Backblaze to your portfolios can decrease your overall portfolio volatility.
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins |