Braze Inc. (NASDAQ:BRZE) went down by -5.95% from its latest closing price compared to the recent 1-year high of $98.78. The company’s stock price has collected 0.62% of gains in the last five trading sessions. The Wall Street Journal reported on 12/21/21 that Micron, Nike, BlackBerry, Braze: What to Watch in the Stock Market Today
Is It Worth Investing in Braze Inc. (NASDAQ :BRZE) Right Now?
Opinions of the stock are interesting as 10 analysts out of 12 who provided ratings for Braze Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $49.64, which is $18.15 above the current price. BRZE currently public float of 44.47M and currently shorts hold a 2.95% ratio of that float. Today, the average trading volume of BRZE was 879.64K shares.
BRZE’s Market Performance
BRZE stocks went up by 0.62% for the week, with a monthly drop of -0.15% and a quarterly performance of -25.38%. The volatility ratio for the week stands at 9.20% while the volatility levels for the past 30 days are set at 10.04% for Braze Inc. The simple moving average for the period of the last 20 days is -4.06% for BRZE stocks with a simple moving average of -35.17% for the last 200 days.
Analysts’ Opinion of BRZE
Raymond James, on the other hand, stated in their research note that they expect to see BRZE reach a price target of $85. The rating they have provided for BRZE stocks is “Outperform” according to the report published on December 13th, 2021.
Piper Sandler gave a rating of “Overweight” to BRZE, setting the target price at $85 in the report published on December 13th of the previous year.
BRZE Trading at -11.08% from the 50-Day Moving Average
After a stumble in the market that brought BRZE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.35% of loss for the given period.
Volatility was left at 10.04%, however, over the last 30 days, the volatility rate increased by 9.20%, as shares sank -1.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.76% lower at present.
During the last 5 trading sessions, BRZE rose by +0.62%, in comparison to the 20-day moving average, which settled at $33.60. In addition, Braze Inc. saw -58.20% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at BRZE starting from Kleeger Myles, who sale 10,000 shares at the price of $32.58 back on Jun 16. After this action, Kleeger Myles now owns 0 shares of Braze Inc., valued at $325,831 using the latest closing price.
Hyman Jonathan, the Chief Technology Officer of Braze Inc., sale 43,500 shares at $32.59 during a trade that took place back on Jun 16, which means that Hyman Jonathan is holding 0 shares at $1,417,686 based on the most recent closing price.
Stock Fundamentals for BRZE
Current profitability levels for the company are sitting at:
- -32.86 for the present operating margin
- +67.02 for the gross margin
The net margin for Braze Inc. stands at -32.23. Equity return is now at value -55.00, with -23.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.80.