Backblaze Shares Owned By Insiders vs. Current Valuation

BLZE Stock  USD 6.87  0.02  0.29%   
Based on the measurements of profitability obtained from Backblaze's financial statements, Backblaze may not be well positioned to generate adequate gross income at the present time. It has a very high chance of underperforming in January. Profitability indicators assess Backblaze's ability to earn profits and add value for shareholders. As of December 4, 2024, Price To Sales Ratio is expected to decline to 2.55. In addition to that, Days Sales Outstanding is expected to decline to 8.60. At present, Backblaze's Income Tax Expense is projected to increase significantly based on the last few years of reporting. The current year's Change To Netincome is expected to grow to about 22.9 M, whereas Operating Income is projected to grow to (55 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.560.4887
Fairly Up
Slightly volatile
For Backblaze profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Backblaze to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Backblaze utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Backblaze's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Backblaze over time as well as its relative position and ranking within its peers.
  

Backblaze's Revenue Breakdown by Earning Segment

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For information on how to trade Backblaze Stock refer to our How to Trade Backblaze Stock guide.
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.

Backblaze Current Valuation vs. Shares Owned By Insiders Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Backblaze's current stock value. Our valuation model uses many indicators to compare Backblaze value to that of its competitors to determine the firm's financial worth.
Backblaze is number one stock in shares owned by insiders category among its peers. It is rated below average in current valuation category among its peers reporting about  19,141,071  of Current Valuation per Shares Owned By Insiders. Comparative valuation analysis is a catch-all technique that is used if you cannot value Backblaze by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Backblaze Current Valuation vs. Shares Owned By Insiders

Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.

Backblaze

Insiders Shares

 = 

Executives Shares

+

Employees

 = 
19.60 %
Although the research on effects of insider trading on prices and volatility is still relatively inconclusive, and investors are advised to pay close attention to the distribution of equities among company's stakeholders to avoid many problems associated with the disclosure of price-sensitive information.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Backblaze

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
375.17 M
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.

Backblaze Current Valuation vs Competition

Backblaze is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Information Technology industry is currently estimated at about 44.67 Billion. Backblaze maintains roughly 375.17 Million in current valuation contributing less than 1% to equities under Information Technology industry.

Backblaze Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Backblaze, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Backblaze will eventually generate negative long term returns. The profitability progress is the general direction of Backblaze's change in net profit over the period of time. It can combine multiple indicators of Backblaze, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Net Interest Income-4.3 M-4.5 M
Operating Income-57.9 M-55 M
Net Loss-62 M-58.9 M
Income Before Tax-59.7 M-56.7 M
Total Other Income Expense Net-1.8 M-1.9 M
Net Loss-46.5 M-44.2 M
Net Loss-59.7 M-56.7 M
Income Tax Expense24.7 M26 M
Non Operating Income Net Other2.1 M1.8 M
Change To Netincome21.8 M22.9 M
Net Loss(1.66)(1.74)
Income Quality 0.12  0.13 
Net Income Per E B T 1.15  1.11 

Backblaze Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Backblaze. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Backblaze position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Backblaze's important profitability drivers and their relationship over time.

Use Backblaze in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Backblaze position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Backblaze will appreciate offsetting losses from the drop in the long position's value.

Backblaze Pair Trading

Backblaze Pair Trading Analysis

The ability to find closely correlated positions to Backblaze could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Backblaze when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Backblaze - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Backblaze to buy it.
The correlation of Backblaze is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Backblaze moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Backblaze moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Backblaze can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Backblaze position

In addition to having Backblaze in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Target Risk ETFs
Target Risk ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Target Risk ETFs theme has 32 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Target Risk ETFs Theme or any other thematic opportunities.
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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:
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For information on how to trade Backblaze Stock refer to our How to Trade Backblaze Stock guide.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.
To fully project Backblaze's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Backblaze at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Backblaze's income statement, its balance sheet, and the statement of cash flows.
Potential Backblaze investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Backblaze investors may work on each financial statement separately, they are all related. The changes in Backblaze's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Backblaze's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.