Braze Inc (NASDAQ: BRZE)’s stock price has gone decline by -0.32 in comparison to its previous close of 44.24, however, the company has experienced a 5.65% increase in its stock price over the last five trading days. businesswire.com reported 2024-08-15 that NEW YORK–(BUSINESS WIRE)–Braze (NASDAQ: BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced it will release its financial results for the second quarter of fiscal year 2025, ended July 31, 2024, after U.S. financial markets close on Thursday, September 5, 2024. Braze will host a webcast conference call to discuss its financial results at 4:30 pm ET (1:30 pm PT) on the same day. The webcast will be available under the events section.
Is It Worth Investing in Braze Inc (NASDAQ: BRZE) Right Now?
BRZE has 36-month beta value of 1.07. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BRZE is 64.13M, and currently, short sellers hold a 7.91% ratio of that float. The average trading volume of BRZE on August 22, 2024 was 1.10M shares.
BRZE’s Market Performance
The stock of Braze Inc (BRZE) has seen a 5.65% increase in the past week, with a 14.63% rise in the past month, and a 4.13% gain in the past quarter. The volatility ratio for the week is 2.85%, and the volatility levels for the past 30 days are at 4.11% for BRZE. The simple moving average for the past 20 days is 7.03% for BRZE’s stock, with a -5.56% simple moving average for the past 200 days.
Analysts’ Opinion of BRZE
Many brokerage firms have already submitted their reports for BRZE stocks, with Scotiabank repeating the rating for BRZE by listing it as a “Sector Outperform.” The predicted price for BRZE in the upcoming period, according to Scotiabank is $56 based on the research report published on July 10, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see BRZE reach a price target of $60, previously predicting the price at $75. The rating they have provided for BRZE stocks is “Outperform” according to the report published on May 29th, 2024.
UBS gave a rating of “Buy” to BRZE, setting the target price at $62 in the report published on March 21st of the current year.
BRZE Trading at 12.23% 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 -28.33% of loss for the given period.
Volatility was left at 4.11%, however, over the last 30 days, the volatility rate increased by 2.85%, as shares surge +5.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.14% upper at present.
During the last 5 trading sessions, BRZE rose by +5.15%, which changed the moving average for the period of 200-days by -6.08% in comparison to the 20-day moving average, which settled at $41.32. In addition, Braze Inc saw -17.00% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BRZE starting from Magnuson William, who sale 17,840 shares at the price of $41.37 back on Aug 16 ’24. After this action, Magnuson William now owns 600,749 shares of Braze Inc, valued at $738,041 using the latest closing price.
Winkles Isabelle, the Chief Financial Officer of Braze Inc, sale 8,207 shares at $41.37 during a trade that took place back on Aug 16 ’24, which means that Winkles Isabelle is holding 234,420 shares at $339,524 based on the most recent closing price.
Stock Fundamentals for BRZE
Current profitability levels for the company are sitting at:
- -0.28 for the present operating margin
- 0.68 for the gross margin
The net margin for Braze Inc stands at -0.25. The total capital return value is set at -0.28. Equity return is now at value -29.00, with -16.44 for asset returns.
Based on Braze Inc (BRZE), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is -36.94.
Currently, EBITDA for the company is -137.13 million with net debt to EBITDA at -0.07. When we switch over and look at the enterprise to sales, we see a ratio of 8.86. The receivables turnover for the company is 5.82for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.96.
Conclusion
To put it simply, Braze Inc (BRZE) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
