Backblaze, Inc. Hits New 52-Week High of $10.83, Up 77.39%

Backblaze, Inc., a microcap player in the IT - Hardware industry, has reached a significant milestone by hitting a new 52-week high of USD 10.83 on September 22, 2025. This achievement marks a remarkable 77.39% increase in the company's stock price over the past year, significantly outperforming the S&P 500, which has seen a gain of 16.64% during the same period.
With a market capitalization of USD 516 million, Backblaze operates in a competitive sector, showcasing its resilience and growth potential. The company's price-to-book ratio stands at 6.48, indicating how investors value its assets relative to its stock price. Despite facing challenges reflected in its negative return on equity of -53.12% and a debt-to-equity ratio of -0.38, Backblaze's recent performance underscores its ability to navigate the market effectively.

The stock's previous 52-week low was recorded at USD 3.94, highlighting the significant upward trajectory it has experienced. As Backblaze continues to evolve within the IT - Hardware landscape, its recent performance metrics will be closely monitored by market participants.