BLZE Should I Buy
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Backblaze Inc (BLZE) is not a strong buy for a beginner long-term investor at this time. The technical indicators show bearish trends, and the financial performance indicates declining profitability despite revenue growth. While the options data suggests a bullish sentiment, the lack of significant positive catalysts and the absence of strong proprietary trading signals make this stock less attractive for immediate investment.
The MACD is below 0 and negatively contracting, indicating bearish momentum. The RSI is neutral at 20.711, and the moving averages are bearish (SMA_200 > SMA_20 > SMA_5). The stock is trading near its support level (S1: 3.901), with resistance at R1: 4.604. Overall, the technical indicators suggest a bearish trend.
Backblaze reported a lower annual drive failure rate in 2025 (1.36% vs. 1.55% in 2024), showcasing improved reliability. Deployment of 26TB drives and a large dataset of drive performance analysis highlight innovation and industry leadership.
The stock has a bearish technical setup, and there are no recent significant trading trends from hedge funds or insiders. Additionally, no recent congress trading data or influential figure activity was reported.
In Q3 2025, revenue increased by 14.03% YoY to $37.16M, but net income dropped significantly to -$3.78M (-70.38% YoY). EPS also declined to -0.07 (-75.86% YoY). Gross margin improved to 62.08% (+13.66% YoY), indicating operational efficiency despite declining profitability.
No recent analyst rating or price target changes were provided. Wall Street sentiment appears neutral, with no strong pros or cons highlighted.
