Are we looking at the next big move in Braskem S.A. ADR (BAK)?

Braskem S.A. ADR (NYSE: BAK) is -39.91% lower on its value in year-to-date trading and has touched a low of $4.92 and a high of $10.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BAK stock was last observed hovering at around $4.96 in the last trading session, with the day’s gains setting it 0.34%.

Currently trading at $5.30, the stock is -5.44% and -16.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing 6.85% at the moment leaves the stock -27.09% off its SMA200. BAK registered -34.81% loss for a year compared to 6-month loss of -28.18%. The firm has a 50-day simple moving average (SMA 50) of $6.3726 and a 200-day simple moving average (SMA200) of $7.26875.

The stock witnessed a -13.96% gain in the last 1 month and extending the period to 3 months gives it a -17.57%, and is 2.12% 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 3.40% over the week and 3.34% over the month.

Braskem S.A. ADR (BAK) has around 8569 employees, a market worth around $914.41M and $14.48B in sales. Fwd P/E is 41.96. Profit margin for the company is -9.76%. Distance from 52-week low is 7.72% and -51.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.58%).

The EPS is expected to grow by 16.97% this year.

Braskem S.A. ADR (BAK) Top Institutional Holders

The shares outstanding are 172.53M, and float is at 172.20M with Short Float at 0.90%.

The top institutional shareholder in the company is OAKTREE CAPITAL MANAGEMENT LP with over 2.44 million shares valued at $15.76 million. The investor’s holdings represent 0.3065% of the BAK Shares outstanding. As of 2024-06-30, the second largest holder is MBB PUBLIC MARKETS I LLC with 1.6 million shares valued at $10.3 million to account for 0.2004 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.6 million shares representing 0.0747% and valued at over $3.84 million, while MARSHALL WACE, LLP holds 0.0337 of the shares totaling 0.27 million with a market value of $1.73 million.