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- 16 de noviembre de 2023
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For example, a price above its moving average is generally considered an upward trend or a buy. BRZE – The customer engagement platform Braze recently made its stock market debut through an initial public offering on November 17, 2021. So, will BRZE’s unique service offerings and global market reach allow it stock to regain traction soon? In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement.
However, the company’s trailing-12-month net profit margin is negative, justifying the Quality grade. For its fiscal third quarter, ended October 31, 2021, BRZE’s revenues increased 62.6% year-over-year to $64 million. This can be attributed to a 61.1% improvement in subscription revenues and an 88% rise in professional services and other revenues. BRZE’s total customers increased 48.3% from the same period last year to 1,247 as of October 31, 2021.
Advisory accounts and services are provided by Webull Advisors LLC (also known as «Webull Advisors»). Webull Advisors is an Investment Advisor registered with and regulated by the SEC under the Investment Advisors Act of 1940. Trades in your Webull Advisors account are executed by Webull Financial LLC, a member of the Securities Investor Protection Corporation . That means your assets are protected up to $500,000 in value, including $250,000 in any cash awaiting reinvestment. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.
According to 21 analysts, the average rating for BRZE stock is «Buy.» The 12-month stock price forecast is $41.58, which is an increase of 21.05% from the latest price. According to the revised prospectus filed by the company, an additional 1.3 million shares of the Class A common stock will be sold by the selling stockholders identified in the prospectus. The stock is currently trading below its 50-day moving average of $71.75, which is in sync with the Momentum grade. However, its consensus EPS estimate indicates a 39.4% year-over-year decline next year, which is in sync with its Growth grade. In addition, BRZE’s 67.22% trailing-12-month gross profit margin is 36% higher than the 49.42% industry average.
Its platform helps brands to listen to their customers, understand them and act on that understanding in a way that is human and personal. Using the Company’s platform, brands ingest and process customer data in real time, orchestrate and optimize contextually relevant, cross-channel marketing campaigns and continuously evolve their customer engagement strategies. Its platform enables interactions with active users via its customers’ applications, Websites and other digital interfaces. Its platform encompasses the functionalities required for modern customer engagement, which include data ingestion, classification, orchestration, personalization, and action.
Its relative strength index for 14-periods is oscillating at 62.55 while volatility remained at 5.13% over the past week which changes to 5.38% when measuring it over the past month. In predicting price targets of as low as $34.00 and as high as $50.00, analysts are in agreement on assigning the stock over the next 12 months average price target of $40.43. Cowen reduced their price target on shares of Braze from $47.00 to $44.00 in a research note on Wednesday, December 14th. Canaccord Genuity Group decreased their price objective on shares of Braze from $47.00 to $33.00 in a research note on Wednesday, December 14th. JMP Securities reaffirmed a “market outperform” rating and set a $46.00 target price on shares of Braze in a report on Friday, March 31st. The Goldman Sachs Group cut their target price on shares of Braze from $57.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, December 15th.
The average twelve-month price prediction for Braze is $41.00 with a high price target of $50.00 and a low price target of $33.00. In a nutshell, Braze Inc. has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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. The New York-based customer engagement platform Braze, Inc. has set terms for the initial public offering and announced on Monday, November 8, that it will offer 6.7 million shares of Class A Common Stock through the offering. However, the company did not raise any proceeds from the initial public offering because the shares were sold by existing stockholders.
The offering’s principal purpose was to create a public market for its class A common stock to facilitate its future access to the capital markets and increase its financial flexibility. But with no additional capital raised, BRZE’s funding requirements might remain unmet in the short term. New York City-based Braze, Inc. is a leading comprehensive customer engagement platform that operates internationally.
Analysts like Braze more than other Business Services companies. The consensus rating for Braze is Moderate Buy while the average consensus rating for business services companies is Buy. No content on the Webull Financial LLC website shall be considered as a recommendation or solicitation for the purchase or sale of securities, options, or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.
In the Morningstar Style Box, large-cap names amazon for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies. BRZE went public through a traditional IPO on November 17, 2021. BRZE listed eight million shares on the Nasdaq stock exchange, priced at $65 per share. On its first trading day, the stock opened at $87.20, or 34.2% above its listing price.
Taking a look at stock we notice that its last check on previous day was $31.60 with its price kept floating in the range of $33.38 and $38.05 on the day. Considering stock’s 52-week price range provides that BRZE hit a high price of $50.97 and saw its price falling to a low level of $22.53 during that period. Over a period of past 1-month, stock came adding 8.95% in its value. All investments involve risk, and not all risks are suitable for every investor.
The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. The COVID-19 pandemic has increased the demand for information technology solutions and the customer engagement platform could grow in future as emerging technologies are expected to transform the digital industry. During the last 5 trading sessions, BRZE rose by +15.15%, which changed the moving average for the period of 200-days by +7.43% in comparison to the 20-day moving average, which settled at $32.01.
The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. There is always the potential of losing money when you invest in securities or other financial products.
https://1investing.in/ has been rated by BTIG Research, DA Davidson, JMP Securities, Needham & Company LLC, Oppenheimer, Piper Sandler, and UBS Group in the past 90 days. Sign-up to receive the latest news and ratings for BRZE and its competitors with MarketBeat’s FREE daily newsletter. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.