Braskem S.A. ADR [BAK] stock is trading at $8.33, up 0.48%. An important factor to consider is whether the stock is rising or falling in short-term value. The BAK shares have gain 1.34% over the last week, with a monthly amount glided 21.61%, and seem to be holding up well over a long-time horizon.
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On 14, March 2024, Shell Chemicals and Braskem Bring Certified Bio-Attributed and Bio-Circular Propylene and Polypropylene to the U.S. Market. In a post published today on Yahoo Finance, Polypropylene manufactured from bio-attributed and bio-circular propylene will support growing consumer demand for more sustainable plastics.
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 $8.33 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 -0.05%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.71 and Total Capital is -0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of11.95.
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 8.17 points at the first support level, and at 8.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.41, and for the 2nd resistance point, it is at 8.50.
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. On the other hand, the Quick Ratio is 1.03, and the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 0.10, the price to book ratio is 3.31.
