Financial Review: Corvex (NASDAQ:MOVE) versus Backblaze (NASDAQ:BLZE)
by Kim Johansen · The Markets DailyCorvex (NASDAQ:MOVE – Get Free Report) and Backblaze (NASDAQ:BLZE – Get Free Report) are both small-cap technology companies, but which is the better stock? We will compare the two companies based on the strength of their profitability, analyst recommendations, valuation, institutional ownership, dividends, earnings and risk.
Earnings and Valuation
This table compares Corvex and Backblaze”s revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Corvex | $430,000.00 | 721.98 | -$18.28 million | ($18.86) | -0.52 |
| Backblaze | $156.30 million | 5.03 | -$25.61 million | ($0.34) | -37.32 |
Corvex has higher earnings, but lower revenue than Backblaze. Backblaze is trading at a lower price-to-earnings ratio than Corvex, indicating that it is currently the more affordable of the two stocks.
Analyst Ratings
This is a breakdown of current ratings and target prices for Corvex and Backblaze, as reported by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Corvex | 1 | 1 | 1 | 0 | 2.00 |
| Backblaze | 1 | 1 | 8 | 0 | 2.70 |
Corvex currently has a consensus price target of $18.75, indicating a potential upside of 90.55%. Backblaze has a consensus price target of $19.71, indicating a potential upside of 55.35%. Given Corvex’s higher possible upside, research analysts clearly believe Corvex is more favorable than Backblaze.
Profitability
This table compares Corvex and Backblaze’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Corvex | -624.33% | N/A | -9.12% |
| Backblaze | -13.07% | -16.73% | -7.10% |
Insider and Institutional Ownership
16.6% of Corvex shares are owned by institutional investors. Comparatively, 54.0% of Backblaze shares are owned by institutional investors. 23.7% of Corvex shares are owned by insiders. Comparatively, 4.2% of Backblaze shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Risk and Volatility
Corvex has a beta of 0.87, suggesting that its share price is 13% less volatile than the S&P 500. Comparatively, Backblaze has a beta of 1.56, suggesting that its share price is 56% more volatile than the S&P 500.
Summary
Backblaze beats Corvex on 8 of the 14 factors compared between the two stocks.
About Corvex
Movano Inc. engages in developing a platform to deliver healthcare solutions at the intersection of medical and consumer devices. The company is involved in the development of Evie Ring, which is a wearable designed specifically for women that combines health and wellness metrics comprises resting heart rate, heart rate variability (HRV), blood oxygen saturation (SpO2), respiration rate, skin temperature variability, period and ovulation tracking, and menstrual symptom tracking, as well as activity profile, including steps, active minutes and calories burned, sleep stages and duration, and mood tracking. It develops System-on-a-Chip (SoC) for blood pressure or continuous glucose monitoring (CGM) systems. The company was formerly known as Maestro Sensors Inc. and changed its name to Movano Inc. in August 2018. Movano Inc. was incorporated in 2018 and is based in Pleasanton, California.
About Backblaze
Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; repository for analytics, artificial intelligence and machine learning; and Internet of Things. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.