Is Backblaze Stock a Good Investment?
Backblaze Investment Advice | BLZE |
- Examine Backblaze's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Backblaze's leadership team and their track record. Good management can help Backblaze navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Application Software space and any emerging trends that could impact Backblaze's business and its evolving consumer preferences.
- Compare Backblaze's performance and market position to its competitors. Analyze how Backblaze is positioned in terms of product offerings, innovation, and market share.
- Check if Backblaze pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Backblaze's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Backblaze stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Backblaze is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Slightly risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Average | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine Backblaze Stock
Researching Backblaze's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 20.0% of the company shares are held by company insiders. The company recorded a loss per share of 1.12. Backblaze had not issued any dividends in recent years.
To determine if Backblaze is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Backblaze's research are outlined below:
| 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 |
Backblaze Quarterly Liabilities And Stockholders Equity |
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Backblaze uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Backblaze. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Backblaze's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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. Below are the table of largest EPS Surprises Backblaze's investors have experienced.
| 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 | ||
2021-12-13 | 2021-09-30 | -0.19 | -0.32 | -0.13 | 68 | ||
2024-05-08 | 2024-03-31 | -0.29 | -0.14 | 0.15 | 51 |
Know Backblaze's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Backblaze is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Backblaze backward and forwards among themselves. Backblaze's institutional investor refers to the entity that pools money to purchase Backblaze's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Scalar Gauge Management, Llc | 2024-09-30 | 300.9 K | Citadel Advisors Llc | 2024-09-30 | 279.8 K | Marshall Wace Asset Management Ltd | 2024-09-30 | 276 K | Two Sigma Investments Llc | 2024-09-30 | 245.7 K | Qube Research & Technologies | 2024-09-30 | 242.7 K | Goldman Sachs Group Inc | 2024-09-30 | 220.1 K | Castleknight Management Lp | 2024-09-30 | 212.4 K | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 211.6 K | Gilder Gagnon Howe & Co Llc | 2024-09-30 | 205 K | Blackrock Inc | 2024-09-30 | 2.9 M | Vanguard Group Inc | 2024-09-30 | 1.9 M |
Backblaze's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 312.1 M.Market Cap |
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Backblaze's profitablity analysis
| Last Reported | Projected for Next Year | ||
| 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) |
Determining Backblaze's profitability involves analyzing its financial statements and using various financial metrics to determine if Backblaze is a good buy. For example, gross profit margin measures Backblaze's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Backblaze's profitability and make more informed investment decisions.
Backblaze's Earnings Breakdown by Geography
Please note, the presentation of Backblaze's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Backblaze's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Backblaze's management manipulating its earnings.
Evaluate Backblaze's management efficiency
Backblaze has return on total asset (ROA) of (0.2025) % which means that it has lost $0.2025 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (1.0281) %, meaning that it created substantial loss on money invested by shareholders. Backblaze's management efficiency ratios could be used to measure how well Backblaze manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to -0.66. The current year's Return On Capital Employed is expected to grow to -0.85. At present, Backblaze's Total Current Assets are projected to increase significantly based on the last few years of reporting. The current year's Intangible Assets is expected to grow to about 39.3 M, whereas Net Tangible Assets are forecasted to decline to about 33.2 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 1.12 | 1.00 | |
| Tangible Book Value Per Share | 0.31 | 0.29 | |
| Enterprise Value Over EBITDA | (11.41) | (11.98) | |
| Price Book Value Ratio | 5.47 | 5.75 | |
| Enterprise Value Multiple | (11.41) | (11.98) | |
| Price Fair Value | 5.47 | 5.75 | |
| Enterprise Value | 353.8 M | 360.1 M |
Evaluating the management effectiveness of Backblaze allows investors to assess its financial health and operational efficiency. Coupled with an analysis of its growth prospects and the current market dynamics, we evaluate the stock's true value and future potential. Key indicators such as revenue, earnings or debt levels are examined alongside external factors like economic trends and regulatory changes. The Backblaze Stock analysis seeks to determine whether the stock is undervalued, appropriately priced, or overvalued, thereby guiding your investment decisions.
Beta 0.989 |
Basic technical analysis of Backblaze Stock
As of the 1st of February, Backblaze shows the risk adjusted performance of (0.04), and Mean Deviation of 2.51. Backblaze technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Backblaze standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if Backblaze is priced correctly, providing market reflects its regular price of 6.05 per share. Given that Backblaze has information ratio of (0.08), we suggest you to validate Backblaze's prevailing market performance to make sure the company can sustain itself at a future point.Backblaze's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Backblaze insiders, such as employees or executives, is commonly permitted as long as it does not rely on Backblaze's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Backblaze insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Backblaze's Outstanding Corporate Bonds
Backblaze issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Backblaze uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Backblaze bonds can be classified according to their maturity, which is the date when Backblaze has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand Backblaze's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Backblaze's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.50) | |||
| Mean Deviation | 2.51 | |||
| Coefficient Of Variation | (1,812) | |||
| Standard Deviation | 3.6 | |||
| Variance | 12.94 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.51) | |||
| Maximum Drawdown | 19.68 | |||
| Value At Risk | (5.25) | |||
| Potential Upside | 5.6 | |||
| Skewness | (0.51) | |||
| Kurtosis | 3.59 |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.50) | |||
| Mean Deviation | 2.51 | |||
| Coefficient Of Variation | (1,812) | |||
| Standard Deviation | 3.6 | |||
| Variance | 12.94 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.51) | |||
| Maximum Drawdown | 19.68 | |||
| Value At Risk | (5.25) | |||
| Potential Upside | 5.6 | |||
| Skewness | (0.51) | |||
| Kurtosis | 3.59 |
Consider Backblaze's intraday indicators
Backblaze intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Backblaze stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Backblaze Corporate Filings
8K | 13th of December 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 3rd of December 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 21st of November 2024 Other Reports | ViewVerify | |
13A | 8th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
Backblaze Stock media impact
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 Sentiment by Major 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 Corporate Management
| Gleb Budman | CEO CoFounder | Profile | |
| Anu Patil | Vice Operations | Profile | |
| Tina Cessna | Senior Engineering | Profile | |
| Tim Nufire | Chief Director | Profile | |
| III CFA | Vice Relations | Profile | |
| Brian Beach | Chief Officer | Profile |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Backblaze. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. For information on how to trade Backblaze Stock refer to our How to Trade Backblaze Stock guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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 | Quarterly Revenue Growth 0.288 | Return On Assets | Return On Equity |
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.
In summary, please note that there is a difference between Backblaze's value and its price, as these two are different measures arrived at by various 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.