At the time of writing, Braze Inc [BRZE] stock is trading at $36.39, up 4.00%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BRZE shares have gain 5.33% over the last week, with a monthly amount drifted -16.59%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Braze Inc [NASDAQ: BRZE] stock has seen the most recent analyst activity on July 10, 2024, when Scotiabank upgraded its rating to a Sector Outperform but kept the price target unchanged to $56 for it. Previously, Oppenheimer reaffirmed its Outperform rating on May 29, 2024, and dropped its price target to $60. On March 21, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $62 on the stock. BTIG Research reiterated its Buy rating and increased its price target to $75 on December 07, 2023. DA Davidson upgraded its rating to a Buy and raised its price target to $53 on October 24, 2023. Citigroup started tracking with a Buy rating for this stock on September 05, 2023, and assigned it a price target of $60. In a note dated August 31, 2023, BTIG Research reiterated an Buy rating on this stock and boosted its target price from $43 to $50.
For the past year, the stock price of Braze Inc fluctuated between $33.24 and $61.53. Currently, Wall Street analysts expect the stock to reach $58.92 within the next 12 months. Braze Inc [NASDAQ: BRZE] shares were valued at $36.39 at the most recent close of the market. An investor can expect a potential return of 61.91% based on the average BRZE price forecast.
Analyzing the BRZE fundamentals
According to Braze Inc [NASDAQ:BRZE], the company’s sales were 535.87M for trailing twelve months, which represents an 26.40% jump. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at -0.25%, Pretax Profit Margin comes in at -0.22%, and Net Profit Margin reading is -0.22%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.27 and Total Capital is -0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.19.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.88 points at the first support level, and at 35.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.67, and for the 2nd resistance point, it is at 36.96.
Ratios To Look Out For
It is important to note that Braze Inc [NASDAQ:BRZE] has a current ratio of 2.03. As well, the Quick Ratio is 2.03, while the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 6.98, the price to book ratio is 8.18.
Transactions by insiders
Recent insider trading involved Wiseman Susan, General Counsel, that happened on Sep 05 ’24 when 3447.0 shares were sold. Chief Financial Officer, Winkles Isabelle completed a deal on Sep 03 ’24 to sell 4500.0 shares. Meanwhile, General Counsel Wiseman Susan sold 8553.0 shares on Sep 03 ’24.
