Disposition of 3894 shares by Tina Cessna of Backblaze at 6.45 subject to Rule 16b-3

BLZE Stock  USD 5.63  0.60  9.63%   
About 67% of Backblaze's investor base is looking to short. The analysis of the overall prospects from investing in Backblaze suggests that many traders are, at the present time, alarmed. The current market sentiment, together with Backblaze's historical and current headlines, can help investors time the market. In addition, many technical investors use Backblaze stock news signals to limit their universe of possible portfolio assets.
  
Filed transaction by Backblaze Officer: Senior Vp, Engineering. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)

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Disposition of 3894 class a common stock at 6.45 of Backblaze by Tina Cessna on 23rd of August 2024. This event was filed by Backblaze with SEC on 2024-08-23. Statement of changes in beneficial ownership - SEC Form 4

Cash Flow Correlation

Backblaze's cash-flow correlation analysis can be used to evaluate the unsystematic risk during the given period. It also helps investors identify the Backblaze's relationships between the major components of the statement of changes in financial position and other commonly used cash-related accounts. When such correlations are discovered, they may help managers and analysts to enhance performance or determine appealing investment opportunities.
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Backblaze Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Backblaze can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Backblaze Fundamental Analysis

We analyze Backblaze's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Backblaze using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Backblaze based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Current Valuation

Current Valuation Comparative Analysis

Backblaze is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Backblaze Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Backblaze stock to make a market-neutral strategy. Peer analysis of Backblaze could also be used in its relative valuation, which is a method of valuing Backblaze by comparing valuation metrics with similar companies.

Peers

Backblaze Related Equities

LSAKLesaka Technologies   4.74   
0%
100.0%
ACIWACI Worldwide   4.13   
0%
87.0%
EVCMEverCommerce   3.46   
0%
72.0%
OSPNOneSpan   2.38   
0%
50.0%
CCSIConsensus Cloud   2.36   
0%
49.0%
INFAInformatica   2.28   
0%
48.0%
AVDXAvidXchange Holdings   1.49   
0%
31.0%
NTCTNetScout Systems   1.46   
0%
30.0%
EVTCEvertec   1.33   
0%
28.0%
RELYRemitly Global   1.16   
0%
24.0%
CSGSCSG Systems   0.31   
0%
6.0%
IMXIInternational Money   0.14   
0%
2.0%
SANGSangoma Technologies   2.40   
50.0%
0%
PRTHPriority Technology   2.45   
51.0%
0%
GBGlobal Blue   3.84   
81.0%
0%

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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.
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