Backblaze Stock Price on May 16, 2024
| BLZE Stock | USD 6.17 0.26 4.04% |
If you're considering investing in Backblaze Stock, it is important to understand the factors that can impact its price. As of today, the current price of Backblaze stands at 6.17, as last reported on the 27th of December, with the highest price reaching 6.17 and the lowest price hitting 6.17 during the day. At this point, Backblaze is slightly risky. Backblaze secures Sharpe Ratio (or Efficiency) of 0.021, which signifies that the company had a 0.021% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Backblaze, which you can use to evaluate the volatility of the firm. Please confirm Backblaze's risk adjusted performance of 0.0398, and Mean Deviation of 2.35 to double-check if the risk estimate we provide is consistent with the expected return of 0.0762%.
At present, Backblaze's Stock Based Compensation To Revenue is projected to increase slightly based on the last few years of reporting. . At present, Backblaze's Price To Book Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price Fair Value is expected to grow to 6.39, whereas Price Earnings Ratio is forecasted to decline to (4.81). Backblaze Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Backblaze |
Sharpe Ratio = 0.021
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| Cash | Small Risk | Average Risk | BLZE | Huge Risk |
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Estimated Market Risk
| 3.63 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Backblaze is performing at about 1% of its full potential. 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 it to a well-diversified portfolio.
Price Book 7.6723 | Enterprise Value Ebitda (5.87) | Price Sales 2.7061 | Shares Float 38.8 M | Wall Street Target Price 12.5667 |
Backblaze Valuation on May 16, 2024
It is possible to determine the worth of Backblaze on a given historical date. On May 16, 2024 Backblaze was worth 7.3 at the beginning of the trading date compared to the closed value of 7.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Backblaze stock. Still, in general, we apply an absolute valuation method to find Backblaze's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Backblaze where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Backblaze's related companies.
| Open | High | Low | Close | Volume | |
| 7.35 | 7.66 | 7.29 | 7.33 | 398,242 | |
05/16/2024 | 7.30 | 7.36 | 7.06 | 7.28 | 265,755 |
| 7.26 | 7.33 | 7.10 | 7.12 | 195,734 |
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Backblaze Trading Date Momentum on May 16, 2024
| On May 17 2024 Backblaze was traded for 7.12 at the closing time. The top price for the day was 7.33 and the lowest listed price was 7.10 . The trading volume for the day was 195.7 K. The trading history from May 17, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.20% . The overall trading delta against the current closing price is 8.38% . |
Backblaze Fundamentals Correlations and Trends
By evaluating Backblaze's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Backblaze's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Backblaze financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Backblaze Stock history
Backblaze investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Backblaze is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Backblaze will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Backblaze stock prices may prove useful in developing a viable investing in Backblaze
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 36 M | 34.9 M | |
| Net Loss | -46.5 M | -44.2 M |
Backblaze Stock Technical Analysis
Backblaze technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Backblaze Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Backblaze cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Backblaze December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Backblaze stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Backblaze shares will generate the highest return on investment. By undertsting and applying Backblaze stock market strength indicators, traders can identify Backblaze entry and exit signals to maximize returns
Backblaze Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Backblaze's price direction in advance. Along with the technical and fundamental analysis of Backblaze Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Backblaze to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0398 | |||
| Jensen Alpha | 0.1392 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0219 | |||
| Treynor Ratio | (0.88) |
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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.
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