A share price of Braze Inc [BRZE] is currently trading at $31.68, up 3.16%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BRZE shares have gain 4.66% over the last week, with a monthly amount drifted -9.82%, 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.
Braze Inc experienced fluctuations in its stock price throughout the past year between $29.18 and $61.53. Currently, Wall Street analysts expect the stock to reach $57.33 within the next 12 months. Braze Inc [NASDAQ: BRZE] shares were valued at $31.68 at the most recent close of the market. An investor can expect a potential return of 80.97% based on the average BRZE price forecast.
Analyzing the BRZE fundamentals
Trailing Twelve Months sales for Braze Inc [NASDAQ:BRZE] were 535.87M which represents 26.40% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.19.
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 30.93 points at the first support level, and at 30.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.12, and for the 2nd resistance point, it is at 32.56.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Braze Inc [NASDAQ:BRZE] is 2.03. In addition, the Quick Ratio stands at 2.03 and the Cash Ratio stands at 0.27. Considering the valuation of this stock, the price to sales ratio is 6.07, the price to book ratio is 7.12.
Transactions by insiders
Recent insider trading involved Machado Fernando, Director, that happened on Oct 07 ’24 when 1377.0 shares were sold. Director, Machado Fernando completed a deal on Oct 07 ’24 to buy 1377.0 shares. Meanwhile, Chief Financial Officer Winkles Isabelle sold 4500.0 shares on Oct 01 ’24.
