Backblaze share price today

(BLZE)

Backblaze share price is $6.1 & ₹523.01 as on 3 Jan 2025, 2.30 'hrs' IST

$6.1

▲

0.08

(1.33%)

Market is closed - opens 8 PM, 03 Jan 2025

View live Backblaze share price in Dollar and Rupees. Guide to invest in Backblaze from India. Also see the sentimental analysis on Indian investors investing in Backblaze. Get details on the Indian mutual funds that are investing in Backblaze. Get Analyst recommendations and forecasts along with all the Backblaze's financials.

Backblaze share price movements

Today's Low: $6.05
Today's High: $6.28
$6.10
0.82%
Downside
Day's Volatility :3.66%
Upside
2.87%
52 Weeks Low: $4.91
52 Weeks High: $12.65
$6.10
19.51%
Downside
52 Weeks Volatility :61.19%
Upside
51.78%

Backblaze Returns

Period	Backblaze, Inc.	Sector (Technology)	Index (Russel 2000)
3 Months	-5.2%	4.8%	0.0%
6 Months	-4.75%	1.5%	0.0%
1 Year	-16.16%	24.1%	0.0%
3 Years	-65.12%	33.7%	-21.2%

Backblaze Key Statistics

in dollars & INR

Previous Close	$6.02
Open	$6.08
Today's High	$6.28
Today's Low	$6.05
Market Capitalization	$310.6M
Today's Volume	$231.3K
52 Week High	$12.65
52 Week Low	$4.91
Revenue TTM	$122.6M
EBITDA	$-22.1M
Earnings Per Share (EPS)	$-1.12
Profit Margin	-37.82%
Quarterly Earnings Growth YOY	0.0%
Return On Equity TTM	-102.81%

How to invest in Backblaze from India?

It is very easy for Indian residents to invest directly in Backblaze from India. Indian investors can open a free US stocks account on the INDmoney app. You can find live prices of the Backblaze stock in both Indian Rupees (INR) and US Dollars (USD). Search for Backblaze or BLZE on the INDmoney app and click on Buy or SIP. You can invest by choosing quantities of shares of Backblaze or rupee/ dollar value or set up a fixed SIP amount to be invested every month or week.

For example: You can easily buy Rs.100 worth of Backblaze shares which would translate to 0.141 fractional shares of Backblaze as of today. Learn more about fractional investing.

Indians can now also easily transfer and add money to their US stocks account via the INDmoney app. Invest in US Stocks from India, including recognised companies like Backblaze, in just a few clicks!

Returns in Backblaze for Indian investors in Rupees

Investment Value

₹1,00,000

Backblaze investment value today

Current value as on today

₹87,933

Returns

₹12,067

(-12.07%)

Returns from Backblaze Stock

₹15,042 (-15.04%)

Dollar Returns

₹2,975 (+2.97%)

Indian investors sentiment towards Backblaze

-8%

Period: Oct 4, 2024 to Jan 2, 2025. Change in 30 Days versus previous period

Search volume for Backblaze on INDmoney from India has reduced in the last 30 days as on Jan 3, 2025. -8% less investors are searching Backblaze in the last 30 days versus the previous period.

Global Institutional Holdings in Backblaze

BlackRock Inc
5.04%
Vanguard Group Inc
3.59%
Whetstone Capital Advisors, LLC
3.08%
Arnhold & S. Bleichroeder Advisers, LLC
2.15%
Geode Capital Management, LLC
1.68%
State Street Corp
1.18%

Analyst Recommendation on Backblaze

Buy

92%Buy

7%Hold

0%Sell

Based on 13 Wall street analysts offering stock ratings for Backblaze(by analysts ranked 0 to 5 stars)

Based on 13 analyst

Current
1M Ago
3M Ago

Buy

Hold

Sell

Analyst Forecast on Backblaze

What analysts predicted

Upside of 106.01%

Current:

$6.10

Target:

$12.57

Insights on Backblaze

Price Movement
In the last 7 days, BLZE stock has moved down by -6.4%
Increasing Revenue
Revenue is up for the last 17 quarters, 13.81M → 32.58M (in $), with an average increase of 5.2% per quarter
Decreasing Net Profit
Netprofit is down for the last 2 quarters, -10.34M → -12.75M (in $), with an average decrease of 23.2% per quarter
BLZE vs PLTR (1 yr)
In the last 1 year, Palantir Technologies Inc has given 356.2% return, outperforming this stock by 374.6%
BLZE vs PLTR (3 yr)
In the last 3 years, Palantir Technologies Inc has given 315.3% return, outperforming this stock by 379.7%
Price to Sales
ForBLZE every $1 of sales, investors are willing to pay $1.7, whereas for Palantir Technologies Inc, the investors are paying $63.4 for every $1 of sales.

Backblaze Financials in INR & Dollars

	FY19	Y/Y Change
Revenue	$40.7M	-
Net Income	$-996.0K	-
Net Profit Margin	-2.44%	-

	FY20	Y/Y Change
Revenue	$53.8M	↑ 31.99%
Net Income	$-6.6M	↑ 564.96%
Net Profit Margin	-12.31%	↓ 9.87%

	FY21	Y/Y Change
Revenue	$67.5M	↑ 25.46%
Net Income	$-21.7M	↑ 227.71%
Net Profit Margin	-32.16%	↓ 19.85%

	FY22	Y/Y Change
Revenue	$85.2M	↑ 26.19%
Net Income	$-51.7M	↑ 138.2%
Net Profit Margin	-60.71%	↓ 28.55%

	FY23	Y/Y Change
Revenue	$102.0M	↑ 19.8%
Net Income	$-59.7M	↑ 15.5%
Net Profit Margin	-58.53%	↑ 2.18%

	Q2 FY23	Q/Q Change
Revenue	$24.6M	↑ 5.11%
Net Income	$-14.3M	↓ 21.86%
Net Profit Margin	-58.31%	↑ 20.12%

	Q3 FY23	Q/Q Change
Revenue	$25.3M	↑ 2.89%
Net Income	$-16.1M	↑ 11.98%
Net Profit Margin	-63.46%	↓ 5.15%

	Q4 FY23	Q/Q Change
Revenue	$28.7M	↑ 13.59%
Net Income	$-11.4M	↓ 29.26%
Net Profit Margin	-39.52%	↑ 23.94%

	Q1 FY24	Q/Q Change
Revenue	$30.0M	↑ 4.28%
Net Income	$-11.1M	↓ 2.69%
Net Profit Margin	-36.88%	↑ 2.64%

	Q2 FY24	Q/Q Change
Revenue	$31.3M	↑ 4.39%
Net Income	$-10.3M	↓ 6.38%
Net Profit Margin	-33.08%	↑ 3.8%

	Q3 FY24	Q/Q Change
Revenue	$32.6M	↑ 4.17%
Net Income	$-12.8M	↑ 23.24%
Net Profit Margin	-39.13%	↓ 6.05%

	FY19	Y/Y Change
Profit	$20.6M	-

	FY20	Y/Y Change
Profit	$28.0M	↑ 35.7%

	FY21	Y/Y Change
Profit	$34.3M	↑ 22.72%

	FY22	Y/Y Change
Profit	$43.9M	↑ 27.73%

	FY23	Y/Y Change
Profit	$49.9M	↑ 13.67%

	Q2 FY23	Q/Q Change
Profit	$12.1M	↑ 9.86%

	Q3 FY23	Q/Q Change
Profit	$11.8M	↓ 2.47%

	Q4 FY23	Q/Q Change
Profit	$15.2M	↑ 29.19%

	Q1 FY24	Q/Q Change
Profit	$15.8M	↑ 4.13%

	Q2 FY24	Q/Q Change
Profit	$17.2M	↑ 8.97%

	Q3 FY24	Q/Q Change
Profit	$17.8M	↑ 3.31%

	FY19	Y/Y Change
Operating Cash Flow	$13.2M	-
Investing Cash Flow	$-3.2M	-
Financing Cash Flow	$-7.7M	-

	FY20	Y/Y Change
Operating Cash Flow	$12.8M	↓ 2.91%
Investing Cash Flow	$-5.0M	↑ 53.87%
Financing Cash Flow	$-8.7M	↑ 13.13%

	FY21	Y/Y Change
Operating Cash Flow	$3.5M	↓ 72.54%
Investing Cash Flow	$-11.2M	↑ 125.02%
Financing Cash Flow	$106.6M	↓ 1318.63%

	FY22	Y/Y Change
Operating Cash Flow	$-13.8M	↓ 491.51%
Investing Cash Flow	$-73.9M	↑ 560.0%
Financing Cash Flow	$-6.2M	↓ 105.83%

	Q2 FY23	Q/Q Change
Operating Cash Flow	$-5.2M	↑ 0.89%
Investing Cash Flow	$9.7M	↑ 32.96%
Financing Cash Flow	$-2.1M	↑ 19.48%

Backblaze Technicals Summary

Sell

Neutral

Buy

Backblaze is currently not in a favorable trading position ( SELL ) according to technical analysis indicators.

Backblaze Vs Peers

Company Name	1 Month	6 Month	1 Year	3 Years	5 Years
Backblaze, Inc.	-12.37%	-4.75%	-16.16%	-65.12%	-69.75%
Microsoft Corporation	-2.25%	-9.85%	14.56%	28.11%	165.04%
Palantir Technologies Inc	6.58%	177.75%	365.42%	316.24%	696.11%
Palo Alto Networks, Inc.	-7.3%	6.38%	28.46%	108.35%	354.41%
Adobe Systems Inc.	-13.87%	-23.11%	-21.58%	-19.73%	33.25%
Oracle Corp.	-8.89%	15.06%	62.43%	87.57%	208.36%

Company Name	P/E Ratio	P/B Ratio	PEG Ratio	EPS	ROE	ROA	Div Yield	BVPS
Backblaze, Inc.	NA	NA	NA	-0.44	-1.03	-0.2	NA	0.97
Microsoft Corporation	34.83	34.83	2.23	13.04	0.36	0.15	0.01	38.69
Palantir Technologies Inc	378.15	378.15	3.24	0.38	0.12	0.05	NA	1.98
Palo Alto Networks, Inc.	47.14	47.14	2.03	3.18	0.75	0.03	NA	15.9
Adobe Systems Inc.	36.04	36.04	1.46	18.27	0.35	0.16	NA	32.69
Oracle Corp.	40.84	40.84	1.8	6.16	1.56	0.07	0.01	3.16

Company Name	Analyst View	Market Cap	5 Years Return %	PE Ratio	Profit Margin
Backblaze, Inc.	Buy	$310.6M	-69.75%	NA	-37.82%
Microsoft Corporation	Buy	$3.1T	165.04%	34.83	35.61%
Palantir Technologies Inc	Hold	$172.3B	696.11%	378.15	18.01%
Palo Alto Networks, Inc.	Buy	$119.4B	354.41%	47.14	32.11%
Adobe Systems Inc.	Buy	$196.2B	33.25%	36.04	25.59%
Oracle Corp.	Buy	$466.1B	208.36%	40.84	20.4%

About Backblaze

backblaze provides the lowest cost cloud storage and cloud backup services worldwide. $5/month for unlimited backup of your mac or pc for individuals and businesses. $0.005/gb/month for cloud storage; ideal for developers and it.

Organization	Backblaze
Employees	381
CEO	Mr. Gleb Budman
Industry	Technology

Management People of Backblaze

Name	Title
Mr. Gleb Budman	Co-Founder, CEO & Chairman
Ms. Tina Cessna	Senior Vice President of Engineering
Mr. Tim Nufire	Co-Founder
Mr. Brian Wilson	Co-Founder
Mr. Casey Jones	Co-Founder
Mr. Hang Ng Kwok	Co-Founder
Mr. Nilay Patel	Co-Founder
Damon Uyeda	Co-Founder
Mr. Marc Suidan CPA	Chief Financial Officer
Ms. Anu Patil	Vice President of Revenue Strategy & Operations

Important FAQs about investing in Backblaze from India :

What is Backblaze share price today?

Backblaze share price today stands at $6.10, Open: $6.08 ; Previous Close: $6.02 ; High: $6.28 ; Low: $6.05 ; 52 Week High: $12.65 ; 52 Week Low: $4.91. The stock opens at $6.08, after a previous close of $6.02. The stock reached a daily high of $6.28 and a low of $6.05, with a 52-week high of $12.65 and a 52-week low of $4.91.

Can Indians buy Backblaze shares?

Yes, Indians can invest in the Backblaze (BLZE) from India.

With INDmoney, you can buy Backblaze at 0 brokerage. The step-by-step process is as follows:

Open your zero cost US Stocks account and zero balance IND linked savings a/c (this can be done in less than 3 minutes)
Transfer funds to your US Stocks account using your IND linked savings a/c (It takes 24 hours excluding Saturday and Sunday). With INDmoney, you get the best INR USD exchange rates.
Once funds are transferred successfully, you can buy Backblaze at zero transaction cost.

How can I buy Backblaze shares from India?

It is very easy to buy Backblaze from India. With INDmoney, you can open a US stocks account in less than 3 minutes. Transfer funds in 24 hours and buy stocks very easily - that too at 0 brokerage. All this is done at 0 account opening & management fee, 0 brokerages, and at the same time you get the best rupee-US dollar exchange rate.

Can Fractional shares of Backblaze be purchased?

Yes, you can buy fractional shares of Backblaze with INDmoney app.

What are the documents required to start investing in Backblaze stocks?

To start investing in Backblaze, You will need the following documents:

Proof of Identification (PAN, Aadhaar etc)
Proof of address (Aadhaar, Voter ID etc)

These documents are required as per RBI's guidelines to create your IND linked savings a/c so that you can execute for global fund transfer. The entire process is paperless and can be completed seamlessly.