What is the best trade option for Braskem S.A. ADR (BAK) stock?

Braskem S.A. ADR [BAK] stock is trading at $7.53, down -0.13%. An important factor to consider is whether the stock is rising or falling in short-term value. The BAK shares have gain 9.77% over the last week, with a monthly amount glided 18.03%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Braskem S.A. ADR [NYSE: BAK] stock has seen the most recent analyst activity on September 18, 2024, when UBS upgraded its rating to a Buy. Previously, Citigroup upgraded its rating to Buy on August 20, 2024. On August 29, 2023, downgrade downgraded it’s rating to Sell. JP Morgan downgraded its rating to a Neutral and decreased its price target to $11 on July 05, 2023. HSBC Securities upgraded its rating to a Buy. UBS downgraded its rating to Neutral for this stock on May 18, 2023. In a note dated May 08, 2023, Scotiabank upgraded an Sector Outperform rating on this stock but restated the target price of $16.75.

Braskem S.A. ADR [BAK] stock has fluctuated between $5.28 and $10.98 over the past year. Currently, Wall Street analysts expect the stock to reach $9.25 within the next 12 months. Braskem S.A. ADR [NYSE: BAK] shares were valued at $7.53 at the most recent close of the market. An investor can expect a potential return of 22.84% based on the average BAK price forecast.

Analyzing the BAK fundamentals

Braskem S.A. ADR [NYSE:BAK] reported sales of 14.06B for the trailing twelve months, which represents a growth of 2.02%. Gross Profit Margin for this corporation currently stands at 0.06% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.18%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -2.98 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of752.68.

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 7.45 points at the first support level, and at 7.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.66, and for the 2nd resistance point, it is at 7.79.

Ratios To Look Out For

For context, Braskem S.A. ADR’s Current Ratio is 1.31. On the other hand, the Quick Ratio is 0.84, and the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 0.09, the price to book ratio is 196.14.

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