The stock of Braze Inc. (NASDAQ:BRZE) increased by $0.6 on Friday to finish at $41.28, up 1.47 percent. The last five days have seen an average of 542,220 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $14.00. The average number of shares traded over the last 20 days was 635,375, while the average volume over the last 50 days totaled 814,294.
BRZE stock dropped -4.31% since last month. On 08/18/23, the company’s shares reached a one-month low of $38.34. The stock touched a high of $47.99 on 07/27/23, after rallying from a low of $22.53 in 52 weeks. The price of BRZE stock has risen by 51.32% or $14.00 this year, reaching a new high 15 times. Still, the stock price is down -13.98% from the 52-week high.
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Insider Transactions
BRZE stock investors should be aware that Braze Inc. (BRZE) stock had its last reported insider trading activity 4 days ago on Aug 24. On Aug 24, Chief Technology Officer Hyman Jonathan sold 5,000 shares at $40.99 each. This transaction resulted in the insider making $204,958. On Aug 23, Hyman Jonathan sold 20,000 shares at a price of US$42.49. After the transaction, the insider now owns 133,424 shares. Pres & CCO Kleeger Myles had earlier sold 8,357 shares on Aug 18 for $40.27 a share. The transaction was completed for $336,522.
Valuation Metrics
Beta for the stock is 1.09. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 10.46, the price-to-book (PB) ratio of 9.13.
Financial Health
For the three months ended April 29, Braze Inc.’s quick ratio was 2.40, while its current ratio was 2.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 67.70% percent. Braze Inc.’s EBITDA margin for the year ended April 29 was -40.38%, whereas its operating margin stood at -39.60% for the same period. Based on annual data, it had gross profit of $239.61 million and revenue of $355.43 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BRZE’s return on assets (ROA) during the last 12 months has been -19.70%. There was a -33.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -30.60%.
Earnings Surprise
According to Braze Inc.’s quarterly financial report for the quarter that ended April 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $101.78 million, while revenues rose by 23.86% to $98.68 million. It was predicted that Braze Inc.’s quarterly earnings would be -$0.13, but it ended up being -$0.18, beating the consensus by 27.80%. EBITDA was -$33.24 million for the quarter. At the end of Braze Inc.’s most recent quarter ended April 29, its liabilities totaled 286.14 million, while its total debt was $52.44 million. Equity owned by shareholders amounts to $97.59 million.
Technical Picture
Here’s a quick look at Braze Inc.’s (BRZE) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 47.27%, suggesting the stock is Neutral, with a 35.42% historical volatility rate.
The stochastic %K and %D were 65.88% and 70.72% respectively, while the average true range (ATR) was 1.54. Based on the 14-day stochastic reading of 63.23%, the RSI (14) reading is 47.99%. On the 9-day MACD Oscillator, the stock is at 0.16, and the 14-day reading is at 0.09.
Analyst Ratings
In its analyst report released on May 18, 2023, Scotiabank began covering Braze Inc. (NASDAQ: BRZE). The stock was rated as a Sector perform by the brokerage firm. Analysts have assigned Braze Inc. (BRZE) an Buy rating. BRZE is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 12 others recommend it as a buy.
What is BRZE’s price target for the next 12 months?
The current consensus forecast for the stock is between $35.00 and $50.00, with a median target price of $45.00. In analyzing these forecasts, the average price target given by analysts for Braze Inc. (BRZE) is $44.13.
