The closing price of Braze Inc (NASDAQ: BRZE) was $43.24 for the day, up 2.61% from the previous closing price of $42.14. In other words, the price has increased by $+1.10 from its previous closing price. On the day, 897658 shares were traded.
Ratios:
Our analysis of BRZE’s different ratios will help us gain a deeper understanding of the company. 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.
On December 07, 2023, BTIG Research reiterated its Buy rating and also lowered its target price recommendation from $60 to $75.
DA Davidson Upgraded its Neutral to Buy on October 24, 2023, whereas the target price for the stock was revised from $48 to $53.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 04 ’24 when Wiseman Susan sold 7,600 shares for $43.06 per share. The transaction valued at 327,256 led to the insider holds 206,358 shares of the business.
FERNANDEZ PHILLIP M sold 1,500 shares of BRZE for $76,980 on Mar 15 ’24. The Director now owns 11,056 shares after completing the transaction at $51.32 per share. On Feb 20 ’24, another insider, Kleeger Myles, who serves as the Pres & CCO of the company, sold 6,874 shares for $56.87 each. As a result, the insider received 390,924 and left with 231,083 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 4.36B and an Enterprise Value of 3.97B. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.18 while its Price-to-Book (P/B) ratio in mrq is 9.75. Its current Enterprise Value per Revenue stands at 8.42 whereas that against EBITDA is -28.86.
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 $25.76. The 50-Day Moving Average of the stock is 52.55, while the 200-Day Moving Average is calculated to be 48.67.
Shares Statistics:
BRZE traded an average of 873.66K shares per day over the past three months and 1.63M shares per day over the past ten days. A total of 73.04M shares are outstanding, with a floating share count of 59.78M. Insiders hold about 40.35% of the company’s shares, while institutions hold 55.93% stake in the company. Shares short for BRZE as of Mar 15, 2024 were 4.21M with a Short Ratio of 4.91, compared to 4.69M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.22% and a Short% of Float of 7.34%.
Earnings Estimates
The firm’s stock currently is rated by 18 analysts. 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 analysts recommending between $0.38 and $0.09.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 18 analysts. 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 $100.44M, an estimated increase of 31.10% from the year-ago figure.
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 $471.8M, up 21.70% from the average estimate. Based 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. The average revenue growth estimate for next year is up 21.10% from the average revenue estimate for this year.
