BLZE NASDAQ Week ended 24 Jul 2026

Weekly Investor Report

Backblaze Inc · Technology · Software - Infrastructure

Open interactive chart View report data
Latest close 11.61 USD
-12.2% latest week
Weekly setup

Mixed setup

The weekly trend is active. Price is 72.6% above the Trend Line and sits at 55.7% of its 52-week range. The latest completed week returned -12.2%, after a -20.3% four-week move. The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is expensive relative to peers. Options positioning is volatility with 60/100 conviction, while the latest news-sentiment score is 57/100. Near-term considerations: volume confirmation is below normal; earnings are due in 2d.

Setup score 54 out of 100
Latest Close 11.61 USD 24 Jul 2026
1W Return -12.2% latest completed week
4W Return -20.3% short-term follow-through
12W Return 160.9% quarterly tape
Trend Breadth 42.3% 22 of 52 weeks active
Volume Ratio 0.5x vs 13-week average
What is working
  • The trend backdrop is active with a 9-week active streak.
  • Price is above the Trend Line, keeping the weekly tape constructive.
  • Price is above Fair Value, showing premium demand versus the model.
  • Activity pressure is positive on the latest completed week.
What could go wrong
  • 4 reversal markers appear in the recent smart-money tape.
  • The share remains more than 20% below its 52-week high.
  • The latest week was a sharp negative move.
  • Recent volatility is running well above the one-year baseline.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through -12.2% Latest completed week; four-week move -20.3%. Indicator stack 54/72 Trend and activity pressure are weighted against the latest 12-week confirmation window. Trend backdrop Active The trend backdrop defines the current weekly regime. Patient Capital Quiet Activity-pressure buy-signal status for institutional accumulation timing. Options pressure Volatility 60/100 conviction; expected move 37.0%. News sentiment 57/100 55 relevant articles in the latest sentiment read. Event risk 2d Next report is scheduled for 03 Aug 2026; event risk rises as the date approaches.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is active. Price is 72.6% above the Trend Line and sits at 55.7% of its 52-week range. The latest completed week returned -12.2%, after a -20.3% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 0.5x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.9212-week average 0.49

12-week confirmation

Trend active9/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure12/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership12/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.92Current proprietary activity-pressure read.
Buy signals1Accumulation signal count in the latest 12 weeks.
Reversal markers44 reversal markers

No recent accumulation markers. 4 reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is -20.3% over four weeks, 160.9% over 12 weeks, and 113.0% over one year. The current trend has remained active for 9 consecutive weeks.

Performance by holding period

1W-12.2%
4W-20.3%
12W160.9%
26W139.4%
52W113.0%
Active trend streak9 weeks
Active weeks in one year22
Trend breadth42.3%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure1.27Latest activity-pressure read.
Pressure change-15.4%Four-week change in activity pressure.
Leadership54.02Latest relative-leadership reading.
RS change-47.3%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is expensive relative to peers.

Open full factor analysis
Factor week 26 Jul 2026 Financial statements through 31 Mar 2026 Field coverage 88% Model confidence 84%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength19/100Blend of value, momentum, and quality. Underlying universe rank 82; rank 1 is best.
Value9/100Relative valuation strength. Underlying universe rank 92; rank 1 is best.
Quality26/100Profitability and accounting quality. Underlying universe rank 75; rank 1 is best.
Momentum96/100Medium-term price momentum. Underlying universe rank 5; rank 1 is best.
Growth74/100Revenue and earnings growth. Underlying universe rank 27; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
-
Price divided by trailing earnings.
Price / sales
4.6x
Market value relative to trailing revenue.
EV / EBITDA
116.6x
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
4.3%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
62.1%
Gross profit retained from each unit of revenue.
Operating margin
-12.1%
Operating profit retained from revenue.
Free-cash-flow margin
21.0%
Free cash flow generated from revenue.
Return on invested capital
-11.3%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
13.3%
Latest one-year revenue growth.
EPS growth
-
Latest one-year earnings-per-share growth.
Free-cash-flow growth
38.8%
Latest one-year free-cash-flow growth.
Piotroski F-score
5/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
-
Cash dividends relative to market value.
Buyback yield
-0.7%
Net share repurchases relative to market value.
Shareholder yield
-0.7%
Dividend yield plus net buyback yield.
Net debt / EBITDA
5.7x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Options positioningVolatility

BLZE shows volatility options pressure with a 60/100 conviction score, put-call volume ratio of 0.26, expected move of 37.0%, and Sharemaestro trend signal active.

Conviction60/100
Expected move37.0%
Put/call volume0.26
Pressure68
Speculation43
Volatility96
Trend agreement47
Open options detail
Insider activity5 / 7

5 acquisitions and 7 disposals in the latest 180-day insider tape.

Acquisitions / disposals over the latest 180 days. Insider activity is context, not a stand-alone signal.
News sentiment57/100

Weighted news tone is neutral across 55 relevant articles.

19 positive · 35 neutral · 1 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings2dNext report is scheduled for 03 Aug 2026; event risk rises as the date approaches.
Options expected move37.0%Nearest-chain priced movement where available.
52-week drawdown-36.4%Distance below the 52-week high.
13-week volatility28.2%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher16 of 2610 weeks finished lower.
Best week+77.8%Week of 26 Jun.
Worst week-24.9%Week of 17 Jul.
Latest week-12.2%Week of 24 Jul.

Shape of recent returns

Strong gains10
Modest gains6
Flat weeks0
Modest losses1
Sharp losses9
Recent vol28.2%13-week weekly-return volatility.
Base vol18.4%52-week weekly-return volatility.
Up/down split30/22Count of positive and negative weeks in the 52-week window.
Average skew11.7% / -9.0%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

Weekly tape50/100

Trend, activity pressure, participation, and risk combine to a 50/100 tape read.

 Indicator analysis76/100

Latest 12-week confirmation: trend 9/12, activity pressure 12/12, relative leadership 12/12.

Activity pressure 0.92; 4 reversal markers Factors34/100

O'Shaughnessy factor stack blends value, quality, momentum, and confidence.

Buyback Yield rank 76; Small Cap Core rank 97 Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal Options51/100

BLZE shows volatility options pressure with a 60/100 conviction score, put-call volume ratio of 0.26, expected move of 37.0%, and Sharemaestro trend signal active.

Volatility · Volatility expansion watch · Expected move 37.0% Sentiment57/100

Weighted news tone is neutral across 55 relevant articles.

Backblaze Announces Date of Investor Day 2026 Insiders5 / 7

5 acquisitions and 7 disposals in the latest 180-day insider tape.

 Earnings2d

Next report is scheduled for 03 Aug 2026; event risk rises as the date approaches.
WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
24 Jul 202611.61 USD-12.2%6.73 USD6.77 USD1.2754.028.6MOn
17 Jul 202613.22 USD-24.9%6.50 USD6.73 USD1.6274.8111.6MOn
10 Jul 202617.60 USD12.7%6.22 USD6.68 USD1.67126.8912.8MOn
3 Jul 202615.62 USD7.3%5.79 USD6.60 USD1.57110.6715.8MOn
26 Jun 202614.56 USD77.8%5.44 USD6.53 USD1.50102.4869.9MOn
19 Jun 20268.19 USD3.4%5.11 USD6.46 USD1.4010.995.7MOn
12 Jun 20267.92 USD2.1%4.98 USD6.44 USD1.4810.535.5MOn
5 Jun 20267.76 USD-6.3%4.88 USD6.42 USD1.5611.099.2MOn
29 May 20268.28 USD8.0%4.82 USD6.40 USD1.6413.256.9MOn
22 May 20267.67 USD9.1%4.89 USD6.37 USD1.417.986.8MOff
15 May 20267.03 USD-6.0%4.98 USD6.35 USD1.100.107.5MOff
8 May 20267.48 USD68.1%5.05 USD6.33 USD0.746.0652.5MOff
1 May 20264.45 USD5.7%5.11 USD6.31 USD0.13-33.462.0MOff
24 Apr 20264.21 USD2.7%5.29 USD6.31 USD-0.17-36.412.0MOff
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.