Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report) saw unusually-high trading volume on Monday . Approximately 4,758,777 shares changed hands during mid-day trading, an increase of 284% from the previous session's volume of 1,238,125 shares.The stock last traded at $5.83 and had previously closed at $4.81.
Wall Street Analysts Forecast Growth
BZAI has been the topic of several research analyst reports. Craig Hallum initiated coverage on Blaize in a research note on Tuesday, April 8th. They issued a "buy" rating and a $4.50 price objective on the stock. Rosenblatt Securities raised Blaize from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $3.00 to $6.00 in a research note on Monday.
Get Our Latest Stock Analysis on Blaize
Blaize Price Performance
The business's 50-day moving average price is $2.59.
Blaize (NASDAQ:BZAI - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.29) EPS for the quarter.
Institutional Trading of Blaize
A number of hedge funds and other institutional investors have recently modified their holdings of the business. HighTower Advisors LLC purchased a new stake in shares of Blaize during the first quarter worth about $81,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Blaize during the first quarter worth about $123,000. Goldman Sachs Group Inc. purchased a new stake in shares of Blaize during the first quarter worth about $348,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Blaize during the first quarter worth about $644,000. Finally, ATW Spac Management LLC bought a new stake in Blaize in the first quarter valued at about $694,000. 97.12% of the stock is owned by hedge funds and other institutional investors.
Blaize Company Profile
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Blaize® has created a transformative new compute solution that unites silicon and software to optimize AI from the edge to the core. We're partnering with customers to transform their products so they can deliver better experiences and better lives.
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