Braskem S.A. ADR [BAK] stock is trading at $8.18, down -1.92%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BAK shares have gain 15.21% over the last week, with a monthly amount glided 12.05%, and seem to be holding up well over a long-time horizon.
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On 16, January 2024, Braskem and WEAV3D® Announced as Finalists for JEC Composites Innovation Awards 2024. In a post published today on Yahoo Finance, Cost-effective automotive door body structure demonstrator part made from Braskem polypropylene and WEAV3D lattice technology receives industry recognition for a novel approach.
From an analyst’s perspective:
Braskem S.A. ADR [NYSE: BAK] stock has seen the most recent analyst activity on August 29, 2023, when UBS downgraded its rating to a Sell. Previously, JP Morgan downgraded its rating to Neutral on July 05, 2023, and dropped its price target to $11. On June 14, 2023, upgrade upgraded it’s rating to Buy. UBS downgraded its rating to a Neutral. Scotiabank upgraded its rating to a Sector Outperform but $16.75 remained the price target by the analyst firm on May 08, 2023. UBS downgraded its rating to Neutral for this stock on December 15, 2022. In a note dated October 26, 2022, Scotiabank upgraded an Sector Perform rating on this stock.
Braskem S.A. ADR [BAK] stock has fluctuated between $6.26 and $12.67 over the past year. Braskem S.A. ADR [NYSE: BAK] shares were valued at $8.18 at the most recent close of the market.
Analyzing the BAK fundamentals
Braskem S.A. ADR [NYSE:BAK] reported sales of 14.36B for the trailing twelve months, which represents a drop of -29.43%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.09 points at the first support level, and at 8.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.28, and for the 2nd resistance point, it is at 8.39.
Braskem S.A. ADR [BAK] reported earnings per share of -$0.62 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$1.18/share, meaning a difference of $0.56 and a surprise factor of 47.50%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.39 per share as compared to estimates of -$0.45 per share, a difference of $0.06 representing a surprise of 13.30%.
Ratios To Look Out For
For context, Braskem S.A. ADR’s Current Ratio is 1.54. Further, the Quick Ratio stands at 1.03, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.10, the price to book ratio is 3.25.
