How to Buy Backblaze Stock
Backblaze Inc
Backblaze, Inc. , a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally.
Backblaze stock last closed at $4.40, down 6.18% from the previous day, and has decreased 52.54% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0 percentage points. Backblaze stock is currently +8.11% from its 52-week low of $4.07, and -56% from its 52-week high of $10.00.
There are currently 54.3M BLZE shares outstanding. The market capitalization of BLZE is $238.92M. In the last 24 hours, 253,423 BLZE shares were traded.
How to Buy Backblaze Stock
Wondering how to invest in Backblaze stock? Here's how.
- Decide where to buy Backblaze stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you decide where to buy Backblaze stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Select your method of payment and add your info.
- Analyze Backblaze stock: The Backblaze ticker symbol is BLZE. Is Backblaze stock a good investment? Should you buy shares of BLZE? How do BLZE's underlying business fundamentals look? Do top analysts think Backblaze is a good buy? Why has BLZE's stock price moved recently? (Hint: Our stock market research website can help you understand if BLZE is a good stock to buy).
- Place your BLZE trade: Decide if you will purchase BLZE shares at the current market price or use a limit order to purchase BLZE stock at a given price.
- Get key alerts regarding your BLZE investment: Create a watchlist to the latest updates on your investment in Backblaze stock.
Step 1: Decide where to buy Backblaze stock
You will need an online brokerage account in order to access the NASDAQ market and buy BLZE shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked your brokerage, it's time to fill out some personal information so you can buy BLZE today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create a new trading account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have created your account on the best stock broker app, you need to deposit funds:
Check out the video below for more details depositing money into your brokerage account.
Step 4: Analyze Backblaze stock
After you have selected the best place to buy Backblaze stock, it's very important to research their stock prior to buying, so you truly understand the risk as well as the upside.
Backblaze shares at a glance
Backblaze Due Diligence Checks
WallStreetZen was designed to help part-time investors do more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on BLZE's stock page.
Is BLZE stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge BLZE's true value.
Using relative valuations methods:
- BLZE could be undervalued based on its P/B ratio of 3.08x, relative to Software - Infrastructure industry P/B ratio of 9.29x
You can access additional valuation research on BLZE's stock here.
A look at BLZE Cashflows and Balance Sheet
Pros:
- BLZE has $54.92M in cash and short term investments. This is sufficient to cover its annual cash burn of $1.22M.
- Total BLZE debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the BLZE balance sheet.
- There are more short-term assets than short-term liabilities on the BLZE balance sheet.
- BLZE has cash burn of 1222000. It has enough cash and short-term investments to cover this for at least one year.
Cons:
- BLZE profit margin has gone up by 0.2 percentage points in the past year, but the company is still unprofitable.
- BLZE has a relatively high debt to equity ratio of 1.17.
Do Wall Street analysts think it's a good time to buy BLZE stock
Out of 4 Equities analysts who give ratings on BLZE, the consensus analyst rating on Backblaze is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Backblaze stock forecast page.
BLZE Technicals
How are BLZE Revenues/Earnings doing?
Last year, BLZE revenue was $127.63M. Over the last five year, BLZE's revenue has increased by 25.65% per year. This was faster than the Software - Infrastructure industry average of 17.42%.
Find out more about BLZE's earnings and revenue performance here.
Who is buying/selling BLZE?
Over the past 12 months, executives and large shareholders at BLZE have sold more shares than they have bought.
Tina Cessna, Senior VP Engineering of BLZE, was the latest BLZE insider to sell. They sold $24,859.24 worth of BLZE shares on Mar 3, 2025.
Learn more about who owns BLZE shares here.
Does BLZE stock generate passive income?
No, Backblaze doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Place your BLZE trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, use a limit order.
Hit the Open button and your broker will execute your order.
If you need additional info about investing in stocks on eToro, click the helpful video below:
Step 6: Get key alerts regarding your BLZE investment
Now that you own some BLZE shares, you'll want to stay up-to-date on your new stock purchase.
Make a watchlist to track your BLZE stock.
BLZE Feed
How to Buy Stock in Backblaze
To summarize, here are the 6 steps to buy Backblaze stock:
- Decide where to buy Backblaze stock
- Sign up for a brokerage account
- Deposit money your investment account
- Analyze Backblaze stock
- Place your BLZE trade
- Get key alerts regarding your BLZE investment
If you require a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get updates on your investment in Backblaze, add BLZE to your watchlist below.
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