What Is The Performance Outlook For Backblaze Inc (NASDAQ: BLZE) In The Coming Months?

In the last trading session, 0.41 million Backblaze Inc (NASDAQ:BLZE) shares changed hands as the company’s beta touched 1.07. With the company’s per share price at $6.67 changed hands at -$0.11 or -1.62% during last session, the market valuation stood at $276.81M. BLZE’s last price was a discount, traded about -89.66% off its 52-week high of $12.65. The share price had its 52-week low at $3.50, which suggests the last value was 47.53% up since then. When we look at Backblaze Inc’s average trading volume, we note the 3-month average coming to 350.95K.

Backblaze Inc (NASDAQ:BLZE) trade information

Instantly BLZE was in red as seen at the end of in last trading. With action -6.32%, the performance over the past five days has been red. The drop to weekly highs of 7.36 subtracted -1.62% to the stock’s daily price. The company’s shares are showing year-to-date downside of -12.12%, with the 5-day performance at -6.32% in the red. However, in the 30-day time frame, Backblaze Inc (NASDAQ:BLZE) is -25.56% down.

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Backblaze Inc (BLZE) estimates and forecasts

Data shows that the Backblaze Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 2.77% over the past 6 months, a 44.71% in annual growth rate that is considerably higher than the industry average of 23.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -166.45%. The 2024 estimates are for Backblaze Inc earnings to increase by 43.37%.

BLZE Dividends

Backblaze Inc is expected to release its next quarterly earnings report in June.