Braskem S.A. (NYSE: BAK) is 4.35% higher on its value in year-to-date trading and has touched a low of $6.26 and a high of $19.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BAK stock was last observed hovering at around $9.29 in the last trading session, with the day’s gains setting it 0.31% off its average median price target of $11.99 for the next 12 months. It is also 49.95% off the consensus price target high of $19.18 offered by 10 analysts, but current levels are -107.34% lower than the price target low of $4.63 for the same period.
Currently trading at $9.60, the stock is 7.18% and 18.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing 3.34% at the moment leaves the stock -3.24% off its SMA200. BAK registered -47.51% loss for a year compared to 6-month loss of -13.51%. The firm has a 50-day simple moving average (SMA 50) of $0.14 and a 200-day simple moving average (SMA200) of $2.62.
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The stock witnessed a 26.15% gain in the last 1 month and extending the period to 3 months gives it a 21.37%, and is 1.59% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.70% over the week and 8.07% over the month.
Braskem S.A. (BAK) has around 8126 employees, a market worth around $3.80B and $17.97B in sales. Fwd P/E is 48.00. Profit margin for the company is -4.50%. Distance from 52-week low is 53.35% and -51.12% from its 52-week high. The company has generated returns on investments over the last 12 months (5.80%).
Braskem S.A. (BAK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Braskem S.A. (BAK) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 2.00, where 5 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to shrink by -102.40% this year
Braskem S.A. (BAK) Top Institutional Holders
The shares outstanding are 398.27M, and float is at 101.75M with Short Float at 0.23%.
Braskem S.A. (BAK): Who are the competitors?
The company’s main competitors (and peers) include Petroleo Brasileiro S.A. – Petrobras (PBR) that is trading -23.48% down over the past 12 months and Celanese Corporation (CE) that is -29.57% lower over the same period. Yield10 Bioscience Inc. (YTEN) is 3.89% up on the 1-year trading charts.