Market Insight: Braze Inc (BRZE)’s Notable Gain, Closing at 33.22

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In the latest session, Braze Inc (NASDAQ: BRZE) closed at $33.22 up 1.34% from its previous closing price of $32.78. In other words, the price has increased by $1.34 from its previous closing price. On the day, 1.3 million shares were traded. BRZE stock price reached its highest trading level at $33.5 during the session, while it also had its lowest trading level at $32.7902.

Ratios:

For a deeper understanding of Braze Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 228.89. For the most recent quarter (mrq), Quick Ratio is recorded 2.03 and its Current Ratio is at 2.03. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.16.

On May 29, 2024, Oppenheimer reiterated its Outperform rating and also upped its target price recommendation from $75 to $60.

UBS Upgraded its Neutral to Buy on March 21, 2024, while the target price for the stock was maintained at $62.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 05 ’24 when Wiseman Susan sold 3,447 shares for $44.00 per share. The transaction valued at 151,668 led to the insider holds 206,930 shares of the business.

Winkles Isabelle sold 4,500 shares of BRZE for $195,342 on Sep 03 ’24. The Chief Financial Officer now owns 216,208 shares after completing the transaction at $43.41 per share. On Sep 03 ’24, another insider, Wiseman Susan, who serves as the General Counsel of the company, sold 8,553 shares for $44.31 each. As a result, the insider received 378,983 and left with 206,930 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 3412591104 and an Enterprise Value of 2996420096. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.37 while its Price-to-Book (P/B) ratio in mrq is 7.47. Its current Enterprise Value per Revenue stands at 5.592 whereas that against EBITDA is -22.629.

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 -16.49%, while the 200-Day Moving Average is calculated to be -26.38%.

Shares Statistics:

For the past three months, BRZE has traded an average of 1.12M shares per day and 1580840 over the past ten days. A total of 73.04M shares are outstanding, with a floating share count of 68.38M. Insiders hold about 33.43% of the company’s shares, while institutions hold 58.22% stake in the company. Shares short for BRZE as of 1726185600 were 4671007 with a Short Ratio of 4.15, compared to 1723680000 on 4685504. Therefore, it implies a Short% of Shares Outstanding of 4671007 and a Short% of Float of 6.0599998.

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