Braskem S.A. ADR (NYSE: BAK) is 17.57% higher on its value in year-to-date trading and has touched a low of $6.26 and a high of $12.67 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 $10.81 in the last trading session, with the day’s loss setting it -0.44%.
Currently trading at $10.37, the stock is 18.09% and 30.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing -4.07% at the moment leaves the stock 18.96% off its SMA200. BAK registered 64.86% gain for a year compared to 6-month loss of 24.04%. The firm has a 50-day simple moving average (SMA 50) of $0.17 and a 200-day simple moving average (SMA200) of $3.75.
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The stock witnessed a 26.77% gain in the last 1 month and extending the period to 3 months gives it a 18.92%, and is 20.72% 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 5.22% over the week and 3.99% over the month.
Braskem S.A. ADR (BAK) has around 8569 employees, a market worth around $1.79B and $14.12B in sales. Fwd P/E is 20.83. Profit margin for the company is -6.61%. Distance from 52-week low is 65.65% and -18.15% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.54%).
Braskem S.A. ADR quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 43.09% this year, but quarterly earnings will post 1.90% year-over-year.
Braskem S.A. ADR (BAK) Top Institutional Holders
71 institutions hold shares in Braskem S.A. ADR (BAK), with institutional investors hold 3.08% of the company’s shares. The shares outstanding are 172.53M, and float is at 172.20M with Short Float at 1.33%. Institutions hold 3.08% of the Float.
The top institutional shareholder in the company is Millennium Management Llc with over 0.63 million shares valued at $7.35 million. The investor’s holdings represent 0.37% of the BAK Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 0.63 million shares valued at $7.34 million to account for 0.36% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 0.55 million shares representing 0.32% and valued at over $6.42 million, while Renaissance Technologies, LLC holds 0.31% of the shares totaling 0.54 million with a market value of $6.26 million.
