Backblaze Inc (NASDAQ:BLZE)’s traded shares stood at 2.22 million during the last session, with the company’s beta value hitting 1.23. At the close of trading, the stock’s price was $7.50, to imply a decrease of -24.32% or -$2.41 in intraday trading. The BLZE share’s 52-week high remains $12.65, putting it -68.67% down since that peak but still an impressive 53.33% since price per share fell to its 52-week low of $3.50. The company has a valuation of $310.12M, with an average of 406.18K shares over the past 3 months.
Backblaze Inc (NASDAQ:BLZE) trade information
After registering a -24.32% downside in the last session, Backblaze Inc (BLZE) has traded red over the past five days. The stock hit a weekly high of 10.00, dropping -24.32% in its intraday price action. The 5-day price performance for the stock is -20.04%, and -24.62% over 30 days. With these gigs, the year-to-date price performance is -1.19%.
Backblaze Inc (BLZE) estimates and forecasts
Looking at statistics comparing Backblaze Inc share performance against respective industry, we note that the company has outperformed competitors. Backblaze Inc (BLZE) shares are 37.11% up over the last 6 months, with its year-to-date growth rate higher than industry average at 43.53% against 22.10%. The rating firms project that company’s revenue will grow 24.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 29.97M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 30.75M.Earnings reports from the last fiscal year show that sales brought in 23.39M and 24.59M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 28.10% before jumping 25.10% in the following quarter.
BLZE Dividends
Backblaze Inc has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Backblaze Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
