Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report)'s stock price rose 7% during trading on Tuesday . The stock traded as high as $5.05 and last traded at $5.02. Approximately 839,523 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 1,305,057 shares. The stock had previously closed at $4.69.
Wall Street Analysts Forecast Growth
BZAI has been the subject of several research analyst reports. Rosenblatt Securities raised Blaize from a "neutral" rating to a "buy" rating and raised their target price for the company from $3.00 to $6.00 in a research report on Monday. Craig Hallum began coverage on shares of Blaize in a report on Tuesday, April 8th. They set a "buy" rating and a $4.50 price objective for the company.
Get Our Latest Research Report on Blaize
Blaize Stock Performance
The business has a 50-day simple moving average of $2.74.
Blaize (NASDAQ:BZAI - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported ($0.29) EPS for the quarter.
Hedge Funds Weigh In On Blaize
Institutional investors have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. bought a new position in Blaize during the 2nd quarter valued at approximately $60,000. HighTower Advisors LLC purchased a new stake in shares of Blaize in the first quarter worth $81,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Blaize in the first quarter worth $123,000. Goldman Sachs Group Inc. bought a new position in shares of Blaize during the first quarter valued at $348,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Blaize in the 1st quarter worth about $644,000. Institutional investors own 97.12% of the company's stock.
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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