Backblaze Common Stock Shares Outstanding vs Capital Lease Obligations Analysis
| BLZE Stock | USD 6.31 0.29 4.39% |
Backblaze financial indicator trend analysis is way more than just evaluating Backblaze prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Backblaze is a good investment. Please check the relationship between Backblaze Common Stock Shares Outstanding and its Capital Lease Obligations accounts. 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.
Common Stock Shares Outstanding vs Capital Lease Obligations
Common Stock Shares Outstanding vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Backblaze Common Stock Shares Outstanding account and Capital Lease Obligations. At this time, the significance of the direction appears to have strong relationship.
The correlation between Backblaze's Common Stock Shares Outstanding and Capital Lease Obligations is 0.75. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Backblaze, assuming nothing else is changed. The correlation between historical values of Backblaze's Common Stock Shares Outstanding and Capital Lease Obligations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Backblaze are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Common Stock Shares Outstanding i.e., Backblaze's Common Stock Shares Outstanding and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.75 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Capital Lease Obligations
Backblaze capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Backblaze asset purchases. For example, Backblaze can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Backblaze control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Most indicators from Backblaze's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Backblaze current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.The current year's Enterprise Value is expected to grow to about 360.1 M, whereas Tax Provision is forecasted to decline to about 17.3 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.7M | 4.3M | 3.8M | 3.6M | Depreciation And Amortization | 16.3M | 22.6M | 24.9M | 19.1M |
Backblaze fundamental ratios Correlations
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Backblaze Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Backblaze is a strong investment it is important to analyze Backblaze's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Backblaze's future performance. For an informed investment choice regarding Backblaze Stock, refer to the following important reports: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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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.