Backblaze's high price-to-sales ratio is justified by strong...

Moomoo AI Nov 28, 2023 03:05

Backblaze's high price-to-sales ratio is justified by strong revenue growth, contributing to its premium trading status. Investors' confidence in future revenues supports its robust stock price, a state likely to persist if projected growth remains on track.

Backblaze, Inc. (NASDAQ:BLZE) Looks Just Right With A 34% Price Jump

Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates. Read more

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