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Braze Inc (BRZE) Volatility At 2.88%, Should You Add A Position?

Braze Inc (NASDAQ: BRZE) is -23.88% lower on its value in year-to-date trading and has touched a low of $25.76 and a high of $61.53 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 $41.90 in the last trading session, with the day’s loss setting it -1.46%.

Currently trading at $40.44, the stock is -2.52% and -16.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing -3.48% at the moment leaves the stock -16.67% off its SMA200. BRZE registered 37.46% gain for a year compared to 6-month gain of -5.03%.

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The stock witnessed a -6.48% loss in the last 1 month and extending the period to 3 months gives it a -25.18%, and is -2.20% 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 2.88% over the week and 2.98% over the month.

Braze Inc (BRZE) has around 1548 employees, a market worth around $4.08B and $471.80M in sales. Fwd P/E is 180.64. Profit margin for the company is -27.38%. Distance from 52-week low is 56.99% and -34.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.88%).

The EPS is expected to grow by 63.51% this year

The shares outstanding are 73.04M, and float is at 60.31M with Short Float at 7.30%.

Braze Inc (BRZE) Insider Activity

The most recent transaction is an insider sale by FERNANDEZ PHILLIP M, the company’s Director. SEC filings show that FERNANDEZ PHILLIP M sold 1,500 shares of the company’s common stock on Apr 15 ’24 at a price of $41.79 per share for a total of $62685.0. Following the sale, the insider now owns 11056.0 shares.

Braze Inc disclosed in a document filed with the SEC on Apr 12 ’24 that Winkles Isabelle (Chief Financial Officer) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Apr 12 ’24 and was made at $42.18 per share for $0.84 million. Following the transaction, the insider now directly holds 0.26 million shares of the BRZE stock.

Still, SEC filings show that on Apr 12 ’24, Machado Fernando (Director) disposed off 2,361 shares at an average price of $42.46 for $0.1 million. The insider now directly holds 6,101 shares of Braze Inc (BRZE).

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