Backblaze (NASDAQ:BLZE – Get Rating) had its price objective decreased by investment analysts at Oppenheimer to $8.50 in a report released on Tuesday, Stock Target Advisor reports. Oppenheimer also issued estimates for Backblaze’s Q4 2022 earnings at ($0.37) EPS and FY2022 earnings at ($1.50) EPS.
Other research analysts have also recently issued research reports about the company. Raymond James decreased their price target on Backblaze from $14.50 to $11.00 and set an “outperform” rating on the stock in a research report on Thursday, November 10th. B. Riley decreased their price target on Backblaze from $11.00 to $8.50 in a research report on Thursday, November 10th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of 14.20.
Backblaze Stock Down 8.6 %
BLZE stock opened at 4.24 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.56 and a quick ratio of 1.56. Backblaze has a fifty-two week low of 3.96 and a fifty-two week high of 36.50. The stock has a market capitalization of $134.41 million and a price-to-earnings ratio of -2.72. The business’s fifty day moving average price is 4.94 and its two-hundred day moving average price is 5.75.
Institutional Trading of Backblaze
Backblaze, Inc, a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases.
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