A new trading day began on Tuesday, with Braze Inc (NASDAQ: BRZE) stock price up 2.80% from the previous day of trading, before settling in for the closing price of $39.68. BRZE’s price has ranged from $25.76 to $61.53 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 49.10% over the last five years. Meanwhile, its annual earnings per share averaged 63.44%. With a float of $60.31 million, this company’s outstanding shares have now reached $73.04 million.
The firm has a total of 1548 workers. Let’s measure their productivity.
Braze Inc (BRZE) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Braze Inc is 40.19%, while institutional ownership is 54.00%. The most recent insider transaction that took place on Apr 15 ’24, was worth 62,685. In this transaction Director of this company sold 1,500 shares at a rate of $41.79, taking the stock ownership to the 11,056 shares. Before that another transaction happened on Apr 12 ’24, when Company’s Chief Financial Officer sold 20,000 for $42.18, making the entire transaction worth $843,601. This insider now owns 258,681 shares in total.
Braze Inc (BRZE) Earnings and Forecasts
In its latest quarterly report, released on 1/31/2024, the company reported earnings of -0.13 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 63.44% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 30.00% during the next five years compared to -39.33% drop over the previous five years of trading.
Braze Inc (NASDAQ: BRZE) Trading Performance Indicators
Here are Braze Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.08. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.33, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach 0.22 in one year’s time.
Technical Analysis of Braze Inc (BRZE)
Analysing the last 5-days average volume posted by the [Braze Inc, BRZE], we can find that recorded value of 0.73 million was lower than the volume posted last year of 0.86 million. As of the previous 9 days, the stock’s Stochastic %D was 25.15%. Additionally, its Average True Range was 1.64.
During the past 100 days, Braze Inc’s (BRZE) raw stochastic average was set at 9.63%, which indicates a significant decrease from 41.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.62% in the past 14 days, which was lower than the 42.14% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $49.95, while its 200-day Moving Average is $48.57. Now, the first resistance to watch is $41.37. This is followed by the second major resistance level at $41.95. The third major resistance level sits at $42.68. If the price goes on to break the first support level at $40.06, it is likely to go to the next support level at $39.33. Should the price break the second support level, the third support level stands at $38.75.
Braze Inc (NASDAQ: BRZE) Key Stats
With a market capitalization of 4.11 billion, the company has a total of 100,837K Shares Outstanding. Currently, annual sales are 471,800 K while annual income is -129,170 K. The company’s previous quarter sales were 130,960 K while its latest quarter income was -28,280 K.
