Braskem S.A. ADR (NYSE: BAK) is -14.25% lower on its value in year-to-date trading and has touched a low of $2.85 and a high of $9.81 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 $3.27 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $3.31, the stock is -9.92% and -16.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing 1.22% at the moment leaves the stock -38.45% off its SMA200. BAK registered -66.57% loss for a year compared to 6-month loss of -52.71%. The firm has a 50-day simple moving average (SMA 50) of $3.9782 and a 200-day simple moving average (SMA200) of $5.37735.
The stock witnessed a -4.89% gain in the last 1 month and extending the period to 3 months gives it a -12.43%, and is -8.82% down 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 11.03% over the week and 6.18% over the month.
Braskem S.A. ADR (BAK) has around 8382 employees, a market worth around $571.07M and $14.39B in sales. Fwd P/E is 10.65. Profit margin for the company is -14.33%. Distance from 52-week low is 16.14% and -66.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.66%).
with sales reaching $22.86B over the same period.The EPS is expected to grow by 94.37% this year, but quarterly earnings will post 18.44% year-over-year. Quarterly sales are estimated to grow 27.57% in year-over-year returns.
76.0 institutions hold shares in Braskem S.A. ADR (BAK), with institutional investors hold 6.19% of the company’s shares. The shares outstanding are 172.53M, and float is at 172.20M with Short Float at 1.58%. Institutions hold 6.19% of the Float.
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 0.613 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 0.4007 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 0.0673 of the shares totaling 0.27 million with a market value of $1.73 million.
