The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
In the latest session, Braze Inc (NASDAQ: BRZE) closed at $39.53 down -1.59% from its previous closing price of $40.17. In other words, the price has decreased by -$1.59 from its previous closing price. On the day, 0.7 million shares were traded. BRZE stock price reached its highest trading level at $40.53 during the session, while it also had its lowest trading level at $39.43.
Ratios:
For a deeper understanding of Braze Inc’s stock, let’s take a closer look at its various ratios. 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:
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 Apr 15 ’24 when FERNANDEZ PHILLIP M sold 1,500 shares for $41.79 per share. The transaction valued at 62,685 led to the insider holds 11,056 shares of the business.
Winkles Isabelle sold 20,000 shares of BRZE for $843,601 on Apr 12 ’24. The Chief Financial Officer now owns 258,681 shares after completing the transaction at $42.18 per share. On Apr 12 ’24, another insider, Machado Fernando, who serves as the Director of the company, sold 2,361 shares for $42.46 each. As a result, the insider received 100,248 and left with 6,101 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 3986086400 and an Enterprise Value of 3600782080. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.45 while its Price-to-Book (P/B) ratio in mrq is 8.92. Its current Enterprise Value per Revenue stands at 7.632 whereas that against EBITDA is -25.286.
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 -23.54%, while the 200-Day Moving Average is calculated to be -18.73%.
Shares Statistics:
For the past three months, BRZE has traded an average of 870.55K shares per day and 1097760 over the past ten days. A total of 73.04M shares are outstanding, with a floating share count of 60.27M. Insiders hold about 40.23% of the company’s shares, while institutions hold 55.49% stake in the company. Shares short for BRZE as of 1711584000 were 4290644 with a Short Ratio of 4.93, compared to 1709164800 on 4481560. Therefore, it implies a Short% of Shares Outstanding of 4290644 and a Short% of Float of 6.88.
Earnings Estimates
The market rating of Braze Inc (BRZE) is currently shaped by the ongoing analysis conducted by Direxion Daily Brazil Bull 2X S analysts closely monitoring its performance.The consensus estimate for the next quarter is $9.12, with high estimates of $11.50 and low estimates of $39.53.
Analysts are recommending an EPS of between $Financial Services and $Technology for the fiscal current year, implying an average EPS of $Technology.
