Scotiabank has recently raised Braze Inc (BRZE) stock to Sector Outperform rating, as announced on July 10, 2024, according to Finviz. Earlier, on May 29, 2024, Oppenheimer had reiterated the stock to Outperform, setting a price target of $60 for BRZE stock. UBS also raised Buy rating with a price target of $62. Additionally, BTIG Research reiterated Buy rating on December 7, 2023, with a target price of $75. DA Davidson analysts, in their report published on October 24, 2023, also raised Buy rating and set a price target of $48 for Braze Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Braze Inc (BRZE) Stock Trading Recap
On Monday, Braze Inc (BRZE) stock saw a decline, ending the day at $32.34 which represents a decrease of $-0.88 or -2.65% from the prior close of $33.22. The stock opened at $33 and touched a low of $31.93 during the day, reaching a high of $33.64. The volume of shares traded was 0.98 million falling short of the average volume of 1.11 million.
BRZE Stock Performance and Moving Averages
In recent trading, Braze Inc (BRZE) stock price has shown some volatility, fluctuating -6.60% over the last five trades and -28.04% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -24.56%, and it has plunged by -17.94% in the previous three months. Currently, BRZE is trading at -11.39%, -18.42%, and -28.17% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, BRZE, a Technology sector stock, is trading -47.44% below its 52-week high but remains 1.70% above its 52-week low. The Average True Range (ATR) (14 days) of 1.67 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Braze Inc’s Profitability and Valuation Ratios
Braze Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -25.02% and a profit margin of -21.96%, with a gross margin of -24.56%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Braze Inc’s market capitalization stands at $3.32 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 124.71. Additionally, the Price-to-Sales Ratio is 6.2, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 7.27, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 33.43% of Braze Inc (BRZE)’s shares, while financial institutions hold 58.22%.
Notable insider trades include Wiseman Susan, General Counsel at Braze Inc (BRZE), who sold 3447 shares on Sep 05 ’24, at $44 each, totaling $0.15 million. On Sep 03 ’24, Winkles Isabelle, Chief Financial Officer, sold 4500 shares for $43.41 each, amounting to $0.20 million. Additionally, on Sep 03 ’24, Wiseman Susan sold 8553 shares at $44.31 each, generating $0.38 million.
