Backblaze (BLZE) stock forecast for 2024. Forecast tables and graphs.

Backblaze (BLZE) stock forecast for 2024

Last update: 08-12-2022, 9:27

Sector: Technology

The share price of Backblaze, Inc. Class A (BLZE) now

What analysts predict:: $14.2

52-week high/low: $36.5 / $4.81

50/200 Day Moving Average: $5.55 / $11.61

This figure corresponds to the average price over the previous 50/200 days. For Backblaze stocks, the 50-day moving average is the support level today.

For Backblaze stocks, the 200-day moving average is the resistance level today.

Are you interested in Backblaze stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Backblaze stock price in 2024. How much will one Backblaze share be worth in 2024?

Is it worth taking profit / loss on Backblaze stock now or waiting? What are analysts' forecasts for Backblaze stock?

We forecast Backblaze stock performance using neural networks based on historical data on Backblaze stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

The Backblaze stock prediction results are shown below and presented as a graph, table and text information.

Backblaze stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for Backblaze analysts is $14.2.

Today 200 Day Moving Average is the resistance level (11.61 $).

50 Day Moving Average is the support level (5.55 $).




Historical and forecast chart of Backblaze stock

The chart below shows the historical price of Backblaze stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Backblaze stock price can be found in the table below.

Backblaze (BLZE) Forecast for 2024

Month Target Pes. Opt. Vol., %
Jan 12.10 11.16 12.77 12.62 %
Feb 13.86 12.61 15.76 19.95 %
Mar 14.78 13.53 15.40 12.10 %
Apr 14.62 12.86 16.68 22.89 %
May 13.12 12.51 14.00 10.63 %
Jun 13.31 11.92 14.61 18.37 %
Jul 12.16 10.41 13.13 20.68 %
Aug 11.29 10.33 12.49 17.25 %
Sep 12.20 11.39 13.01 12.49 %
Oct 11.48 9.86 12.96 23.90 %
Nov 11.62 10.47 12.65 17.20 %
Dec 11.14 10.50 12.22 14.11 %

Backblaze information and performance

Backblaze is the leading cloud storage platform that provides businesses and consumers with cloud services to store, use and protect their data in an easy and affordable way.

Backblaze Address

500 BEN FRANKLIN CT, SAN MATEO, CA, US

Market Capitalization: 217 756 000 $

Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.

EBITDA: -12 291 000 $

EBITDA is earnings before interest, income tax and depreciation of assets.

PE Ratio: None

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: None

Price/earnings to growth

DPS: N/A

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: N/A

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: -1.31

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: N/A

Quarterly Revenue Growth YOY: 0.273

Trailing PE: -

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: -

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 1.747

Enterprise Value (EV) /Revenue

EV To EBITDA: -13.1

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 12600000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A

Percent Insiders: N/A

Percent Institutions: N/A

Backblaze price target for 2021 by month


Target values for the price of one Backblaze share for Jan 2024.

The weighted average target price per Backblaze share in Jan 2024 is: 12.10. In Jan, the positive dynamics for Momo shares will prevail with possible monthly volatility of 12.617% volatility is expected.

Pessimistic target level: 11.16

Optimistic target level: 12.77


Target values for the price of one Backblaze share for Feb 2024.

The weighted average target price per Backblaze share in Feb 2024 is: 13.86. In Feb, the positive dynamics for Momo shares will prevail with possible monthly volatility of 19.951% volatility is expected.

Pessimistic target level: 12.61

Optimistic target level: 15.76


Target values for the price of one Backblaze share for Mar 2024.

The weighted average target price per Backblaze share in Mar 2024 is: 14.78. In Mar, the positive dynamics for Momo shares will prevail with possible monthly volatility of 12.099% volatility is expected.

Pessimistic target level: 13.53

Optimistic target level: 15.40


Target values for the price of one Backblaze share for Apr 2024.

The weighted average target price per Backblaze share in Apr 2024 is: 14.62. In Apr, the negative dynamics for Momo shares will prevail with possible monthly volatility of 22.887% volatility is expected.

Pessimistic target level: 12.86

Optimistic target level: 16.68


Target values for the price of one Backblaze share for May 2024.

The weighted average target price per Backblaze share in May 2024 is: 13.12. In May, the negative dynamics for Momo shares will prevail with possible monthly volatility of 10.632% volatility is expected.

Pessimistic target level: 12.51

Optimistic target level: 14.00


Target values for the price of one Backblaze share for Jun 2024.

The weighted average target price per Backblaze share in Jun 2024 is: 13.31. In Jun, the positive dynamics for Momo shares will prevail with possible monthly volatility of 18.374% volatility is expected.

Pessimistic target level: 11.92

Optimistic target level: 14.61


Target values for the price of one Backblaze share for Jul 2024.

The weighted average target price per Backblaze share in Jul 2024 is: 12.16. In Jul, the negative dynamics for Momo shares will prevail with possible monthly volatility of 20.682% volatility is expected.

Pessimistic target level: 10.41

Optimistic target level: 13.13


Target values for the price of one Backblaze share for Aug 2024.

The weighted average target price per Backblaze share in Aug 2024 is: 11.29. In Aug, the negative dynamics for Momo shares will prevail with possible monthly volatility of 17.248% volatility is expected.

Pessimistic target level: 10.33

Optimistic target level: 12.49


Target values for the price of one Backblaze share for Sep 2024.

The weighted average target price per Backblaze share in Sep 2024 is: 12.20. In Sep, the positive dynamics for Momo shares will prevail with possible monthly volatility of 12.488% volatility is expected.

Pessimistic target level: 11.39

Optimistic target level: 13.01


Target values for the price of one Backblaze share for Oct 2024.

The weighted average target price per Backblaze share in Oct 2024 is: 11.48. In Oct, the negative dynamics for Momo shares will prevail with possible monthly volatility of 23.902% volatility is expected.

Pessimistic target level: 9.86

Optimistic target level: 12.96


Target values for the price of one Backblaze share for Nov 2024.

The weighted average target price per Backblaze share in Nov 2024 is: 11.62. In Nov, the positive dynamics for Momo shares will prevail with possible monthly volatility of 17.203% volatility is expected.

Pessimistic target level: 10.47

Optimistic target level: 12.65


Target values for the price of one Backblaze share for Dec 2024.

The weighted average target price per Backblaze share in Dec 2024 is: 11.14. In Dec, the negative dynamics for Momo shares will prevail with possible monthly volatility of 14.108% volatility is expected.

Pessimistic target level: 10.50

Optimistic target level: 12.22




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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.