Braze Inc. (NASDAQ: BRZE) is -67.19% lower on its value in year-to-date trading and has touched a low of $22.53 and a high of $85.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BRZE stock was last observed hovering at around $24.25 in the last trading session, with the day’s gains setting it 1.07% off its average median price target of $50.00 for the next 12 months. It is also 55.58% off the consensus price target high of $57.00 offered by 13 analysts, but current levels are 33.37% higher than the price target low of $38.00 for the same period.
Currently trading at $25.32, the stock is -3.95% and -17.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.25 million and changing 4.41% at the moment leaves the stock -34.22% off its SMA200. BRZE registered -66.74% loss for a year compared to 6-month loss of -22.73%.
The stock witnessed a -15.01% gain in the last 1 month and extending the period to 3 months gives it a -46.38%, and is -3.17% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.39% over the week and 6.95% over the month.
Braze Inc. (BRZE) has around 1164 employees, a market worth around $2.45B and $298.00M in sales. Profit margin for the company is -41.50%. Distance from 52-week low is 12.36% and -70.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.60%).
Braze Inc. (BRZE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Braze Inc. (BRZE) is a “Buy”. 13 analysts offering their recommendations for the stock have an average rating of 1.80, where 0 rate it as a Hold and 2 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Braze Inc. is expected to release its quarterly report on 03/30/2023.The EPS is expected to shrink by -134.60% this year
Braze Inc. (BRZE) Top Institutional Holders
The shares outstanding are 94.10M, and float is at 51.56M with Short Float at 6.54%.
Braze Inc. (BRZE) Insider Activity
A total of 87 insider transactions have happened at Braze Inc. (BRZE) in the last six months, with sales accounting for 15 and purchases happening 72 times. The most recent transaction is an insider sale by Malik Pankaj, the company’s Chief Accounting Officer. SEC filings show that Malik Pankaj sold 1,989 shares of the company’s common stock on Nov 16 at a price of $26.91 per share for a total of $53524.0. Following the sale, the insider now owns 76374.0 shares.
Braze Inc. disclosed in a document filed with the SEC on Nov 10 that Winkles Isabelle (Chief Financial Officer) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Nov 10 and was made at $24.98 per share for $24980.0. Following the transaction, the insider now directly holds 32197.0 shares of the BRZE stock.
Still, SEC filings show that on Nov 09, Kleeger Myles (Pres & Chief Customer Officer) disposed off 20,000 shares at an average price of $23.80 for $0.48 million. The insider now directly holds 20,000 shares of Braze Inc. (BRZE).