Backblaze Stock Today
| BLZE Stock | USD 6.60 0.35 5.60% |
Performance0 of 100
| Odds Of DistressOver 53
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Backblaze is trading at 6.60 as of the 25th of November 2024, a 5.60 percent increase since the beginning of the trading day. The stock's lowest day price was 6.14. Backblaze has 53 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Backblaze are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of October 2024 and ending today, the 25th of November 2024. Click here to learn more.
Business Domain Software & Services | IPO Date 11th of November 2021 | Category Technology | Classification Information Technology |
Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company was incorporated in 2007 and is headquartered in San Mateo, California. Backblaze Inc operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. The company has 44.4 M outstanding shares of which 1.07 M shares are currently shorted by private and institutional investors with about 6.08 trading days to cover. More on Backblaze
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Backblaze Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Business Concentration | Application Software, Software - Infrastructure, Information Technology, NASDAQ Composite, Information Technology, Software, Software—Infrastructure, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial Strength
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Debt LevelsBackblaze can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Backblaze's financial leverage. It provides some insight into what part of Backblaze's total assets is financed by creditors.
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Backblaze (BLZE) is traded on NASDAQ Exchange in USA. It is located in 201 Baldwin Ave., San Mateo, CA, United States, 94401 and employs 381 people. Backblaze is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 277.5 M. Backblaze conducts business under Software sector and is part of Information Technology industry. The entity has 44.4 M outstanding shares of which 1.07 M shares are currently shorted by private and institutional investors with about 6.08 trading days to cover.
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.
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Ownership AllocationBackblaze holds a total of 44.4 Million outstanding shares. 30% of Backblaze outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Backblaze Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Northern Trust Corp | 2024-09-30 | 313.3 K | |
| Scalar Gauge Management, Llc | 2024-09-30 | 300.9 K | |
| Two Sigma Advisers, Llc | 2024-06-30 | 286.1 K | |
| Citadel Advisors Llc | 2024-09-30 | 279.8 K | |
| Two Sigma Investments Llc | 2024-09-30 | 245.7 K | |
| Connor Clark & Lunn Inv Mgmt Ltd | 2024-06-30 | 233.6 K | |
| Qube Research & Technologies | 2024-06-30 | 229.4 K | |
| Castleknight Management Lp | 2024-09-30 | 212.4 K | |
| Gilder Gagnon Howe & Co Llc | 2024-09-30 | 205 K | |
| Blackrock Inc | 2024-06-30 | 2.6 M | |
| Vanguard Group Inc | 2024-09-30 | 1.9 M |
Backblaze Historical Income Statement
Backblaze Stock Against Markets
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 |
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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.