I’ve used BB for years, and appreciate what they do, so much so that I bought stock when they offered their IPO. Over the last few months the stock has lost around 66% of the market value. That lead me to wonder if the business might be in trouble? Any thoughts appreciated.
I don’t think I’d be worried yet. Worth noting that stock price has far less to do with the financial health of a company than one would typically think - especially over the very short term, which is the only term for which Backblaze stock has even existed.
I’m sure it’s a fine investment now. I read the latest earnings transcript and I think what they are investing in makes sense and I believe them that they can land these developer partnerships to grow B2 revenue.
I do not recall ever being interested in the share price of any software company whose products I use, or of any manufacturer of any product I buy, for that matter. What’s the point of fretting about these things? I spend my time making sure my data is secure by backing it up to multiple places. That’s something i can control – the stock market is not something I can control.
I am not a guru in stock market. However, I know that share prices variation may not be directly related to the fundamentals of the company. A lot of times, it relates the sentiment of the market or sector and the result compares to the analysts’ expectation (exceed or below)
I looked at the prospectus for the IPO and didn’t think it was a good buy at the time. Figured it would take some time to have consistent profitability. If their long term prospects are good, there will be a good time to buy in.