Backblaze Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $6.17
- Today's High:
- $6.8655
- Open Price:
- $6.7
- 52W Low:
- $3.82
- 52W High:
- $8.2
- Prev. Close:
- $6.7
- Volume:
- 292615
Company Statistics
- Market Cap.:
- $147.40 million
- Book Value:
- 1.755
- Revenue TTM:
- $89.06 million
- Operating Margin TTM:
- -57%
- Gross Profit TTM:
- $43.86 million
- Profit Margin:
- -62.86%
- Return on Assets TTM:
- -20.66%
- Return on Equity TTM:
- -75.58%
Company Profile
Backblaze Inc had its IPO on 2021-11-11 under the ticker symbol BLZE.
The company operates in the Technology sector and Software-Infrastructure industry. Backblaze Inc has a staff strength of 393 employees.
Stock update
Shares of Backblaze Inc opened at $6.7 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $6.17 - $6.87, and closed at $6.33.
This is a -5.52% slip from the previous day's closing price.
A total volume of 292,615 shares were traded at the close of the day’s session.
In the last one week, shares of Backblaze Inc have increased by +0.32%.
Backblaze Inc's Key Ratios
Backblaze Inc has a market cap of $147.40 million, indicating a price to book ratio of 2.2707 and a price to sales ratio of 2.135.
In the last 12-months Backblaze Inc’s revenue was $89.06 million with a gross profit of $43.86 million and an EBITDA of $-32146000. The EBITDA ratio measures Backblaze Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Backblaze Inc’s operating margin was -57% while its return on assets stood at -20.66% with a return of equity of -75.58%.
In Q1, Backblaze Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 20%.
Backblaze Inc’s PE and PEG Ratio
- Forward PE
- 0
- Trailing PE
- 0
- PEG
Its diluted EPS in the last 12-months stands at $-1.74 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Backblaze Inc’s profitability.
Backblaze Inc stock is trading at a EV to sales ratio of 1.7369 and a EV to EBITDA ratio of -5.8942. Its price to sales ratio in the trailing 12-months stood at 2.135.
Backblaze Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $142.93 million
- Total Liabilities
- $53.37 million
- Operating Cash Flow
- $7.31 million
- Capital Expenditure
- $6.46 million
- Dividend Payout Ratio
- 0%
Backblaze Inc ended 2024 with $142.93 million in total assets and $0 in total liabilities. Its intangible assets were valued at $142.93 million while shareholder equity stood at $60.57 million.
Backblaze Inc ended 2024 with $0 in deferred long-term liabilities, $53.37 million in other current liabilities, 4000.00 in common stock, $-104854000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $4.05 million and cash and short-term investments were $49.56 million. The company’s total short-term debt was $19,209,000 while long-term debt stood at $7.30 million.
Backblaze Inc’s total current assets stands at $57.97 million while long-term investments were $0 and short-term investments were $45.51 million. Its net receivables were $789000.00 compared to accounts payable of $3.35 million and inventory worth $0.
In 2024, Backblaze Inc's operating cash flow was $7.31 million while its capital expenditure stood at $6.46 million.
Comparatively, Backblaze Inc paid $0 in dividends in 2024.
Other key metrics
- Current Trading Price
- $6.33
- 52-Week High
- $8.2
- 52-Week Low
- $3.82
- Analyst Target Price
- $10.23
Backblaze Inc stock is currently trading at $6.33 per share. It touched a 52-week high of $8.2 and a 52-week low of $8.2. Analysts tracking the stock have a 12-month average target price of $10.23.
Its 50-day moving average was $5.23 and 200-day moving average was $5.17 The short ratio stood at 2.22 indicating a short percent outstanding of 0%.
Around 2160.2% of the company’s stock are held by insiders while 2146.2% are held by institutions.
Frequently Asked Questions About Backblaze Inc
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About
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 offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; repository for analytics, artificial intelligence and machine learning; and Internet of Things. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.