Trading Day Triumph: Braze Inc (BRZE) Ends at 35.86, a -0.44 Surge/Plunge

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Braze Inc (NASDAQ: BRZE) closed the day trading at $35.86 down -0.44% from the previous closing price of $36.02. In other words, the price has decreased by -$0.44 from its previous closing price. On the day, 1.01 million shares were traded. BRZE stock price reached its highest trading level at $35.93 during the session, while it also had its lowest trading level at $35.23.

Ratios:

For a better understanding of BRZE, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.96 and its Current Ratio is at 1.96. 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:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 03 ’24 when Winkles Isabelle sold 4,500 shares for $37.01 per share. The transaction valued at 166,556 led to the insider holds 242,135 shares of the business.

Kleeger Myles sold 6,344 shares of BRZE for $270,762 on May 20 ’24. The Pres & CCO now owns 215,518 shares after completing the transaction at $42.68 per share. On May 20 ’24, another insider, Winkles Isabelle, who serves as the Chief Financial Officer of the company, sold 4,096 shares for $42.68 each. As a result, the insider received 174,817 and left with 242,135 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 3644344320 and an Enterprise Value of 3248237568. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.21 while its Price-to-Book (P/B) ratio in mrq is 8.31. Its current Enterprise Value per Revenue stands at 6.426 whereas that against EBITDA is -23.149.

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 $35.47. The 50-Day Moving Average of the stock is -11.55%, while the 200-Day Moving Average is calculated to be -25.52%.

Shares Statistics:

Over the past 3-months, BRZE traded about 1.08M shares per day on average, while over the past 10 days, BRZE traded about 1836700 shares per day. A total of 73.04M shares are outstanding, with a floating share count of 64.14M. Insiders hold about 36.88% of the company’s shares, while institutions hold 53.56% stake in the company. Shares short for BRZE as of 1715731200 were 4412598 with a Short Ratio of 4.14, 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 stock of Braze Inc (BRZE) is currently in the spotlight, with 18.0 analysts actively rating and assessing its market standing.On average, analysts expect EPS of -$0.03 for the current quarter, with a high estimate of -$0.02 and a low estimate of -$0.04, while EPS last year was -$0.04. The consensus estimate for the next quarter is -$0.02, with high estimates of $0.01 and low estimates of -$0.06.

Analysts are recommending an EPS of between -$0.03 and -$0.08 for the fiscal current year, implying an average EPS of -$0.07. EPS for the following year is $0.21, with 18.0 analysts recommending between $0.36 and $0.02.

Revenue Estimates

For the next quarter, 18 analysts are estimating revenue of $148.04M. There is a high estimate of $149M for the next quarter, whereas the lowest estimate is $144.81M.

A total of 18 analysts have provided revenue estimates for BRZE’s current fiscal year. The highest revenue estimate was $582.26M, while the lowest revenue estimate was $577.58M, resulting in an average revenue estimate of $579.9M. In the same quarter a year ago, actual revenue was $471.8MBased on 18 analysts’ estimates, the company’s revenue will be $699.87M in the next fiscal year. The high estimate is $715.11M and the low estimate is $680.18M.

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