Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report) shares traded up 7% on Tuesday . The stock traded as high as $5.05 and last traded at $5.02. 839,523 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 1,305,057 shares. The stock had previously closed at $4.69.
Wall Street Analyst Weigh In
A number of brokerages have commented on BZAI. Rosenblatt Securities raised shares of Blaize from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $3.00 to $6.00 in a 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 on the stock.
Check Out Our Latest Research Report on Blaize
Blaize Trading Up 4.3%
The business has a 50-day simple moving average of $2.59.
Blaize (NASDAQ:BZAI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.29) earnings per share for the quarter.
Institutional Trading of Blaize
Several institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC bought a new position in shares of Blaize during the 1st quarter worth approximately $81,000. OMERS ADMINISTRATION Corp bought a new position in shares of Blaize during the 1st quarter worth approximately $123,000. Goldman Sachs Group Inc. bought a new position in shares of Blaize during the 1st quarter worth approximately $348,000. Charles Schwab Investment Management Inc. bought a new position in shares of Blaize during the 1st quarter worth approximately $644,000. Finally, ATW Spac Management LLC bought a new position in shares of Blaize during the 1st quarter worth approximately $694,000. 97.12% of the stock is currently owned by 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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