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The price of Braze Inc (NASDAQ: BRZE) closed at $37.03 in the last session, down -1.65% from day before closing price of $37.65. In other words, the price has decreased by -$1.65 from its previous closing price. On the day, 1.2 million shares were traded. BRZE stock price reached its highest trading level at $38.3246 during the session, while it also had its lowest trading level at $36.42.
Ratios:
We take a closer look at BRZE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.08 and its Current Ratio is at 2.08. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.17.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Oppenheimer on May 29, 2024, Reiterated its Outperform rating but revised its target price to $60 from $75 previously.
On March 21, 2024, UBS Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $62.
BTIG Research reiterated its Buy rating for the stock on December 07, 2023, while the target price for the stock was revised from $60 to $75.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 20 ’24 when Kleeger Myles sold 6,344 shares for $42.68 per share. The transaction valued at 270,762 led to the insider holds 215,518 shares of the business.
Winkles Isabelle sold 4,096 shares of BRZE for $174,817 on May 20 ’24. The Chief Financial Officer now owns 242,135 shares after completing the transaction at $42.68 per share. On May 17 ’24, another insider, Winkles Isabelle, who serves as the Chief Financial Officer of the company, sold 4,245 shares for $41.62 each. As a result, the insider received 176,696 and left with 246,231 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BRZE now has a Market Capitalization of 3740770560 and an Enterprise Value of 3348688640. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.93 while its Price-to-Book (P/B) ratio in mrq is 8.35. Its current Enterprise Value per Revenue stands at 7.098 whereas that against EBITDA is -23.516.
Stock Price History:
Over the past 52 weeks, BRZE has reached a high of $61.53, while it has fallen to a 52-week low of $31.80. The 50-Day Moving Average of the stock is -12.95%, while the 200-Day Moving Average is calculated to be -23.42%.
Shares Statistics:
According to the various share statistics, BRZE traded on average about 900.47K shares per day over the past 3-months and 714790 shares per day over the past 10 days. A total of 73.04M shares are outstanding, with a floating share count of 63.07M. Insiders hold about 37.56% of the company’s shares, while institutions hold 54.68% stake in the company. Shares short for BRZE as of 1715731200 were 4412598 with a Short Ratio of 4.90, compared to 1713139200 on 4404990. Therefore, it implies a Short% of Shares Outstanding of 4412598 and a Short% of Float of 6.17.
Earnings Estimates
The current market rating for Braze Inc (BRZE) reflects the collective analysis of 18.0 analysts closely monitoring its performance.On average, analysts expect EPS of -$0.1 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.11, while EPS last year was -$0.13. The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.02 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.05 and -$0.12 for the fiscal current year, implying an average EPS of -$0.09. EPS for the following year is $0.23, with 17.0 analysts recommending between $0.38 and $0.09.
Revenue Estimates
According to 18 analysts, the current quarter’s revenue is expected to be $131.69M. It ranges from a high estimate of $132.59M to a low estimate of $131M. As of the current estimate, Braze Inc’s year-ago sales were $100.44MFor the next quarter, 18 analysts are estimating revenue of $139.91M. There is a high estimate of $142.67M for the next quarter, whereas the lowest estimate is $135.82M.
A total of 18 analysts have provided revenue estimates for BRZE’s current fiscal year. The highest revenue estimate was $582.7M, while the lowest revenue estimate was $570.65M, resulting in an average revenue estimate of $574.2M. In the same quarter a year ago, actual revenue was $471.8MBased on 17 analysts’ estimates, the company’s revenue will be $695.4M in the next fiscal year. The high estimate is $711.17M and the low estimate is $685.37M.
