Braskem S.A. ADR (NYSE: BAK) is -45.95% lower on its value in year-to-date trading and has touched a low of $2.85 and a high of $7.71 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 $3.39 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $3.67, the stock is 5.02% and 0.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.77 million and changing 8.26% at the moment leaves the stock -18.92% off its SMA200. BAK registered -4.92% loss for a year compared to 6-month loss of -2.91%. The firm has a 50-day simple moving average (SMA 50) of $3.6376 and a 200-day simple moving average (SMA200) of $4.52665.
The stock witnessed a -0.54% gain in the last 1 month and extending the period to 3 months gives it a 17.63%, and is 11.21% 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 3.09% over the week and 3.35% over the month.
Braskem S.A. ADR (BAK) has around 8382 employees, a market worth around $633.19M and $14.10B in sales. Profit margin for the company is -11.85%. Distance from 52-week low is 28.77% and -52.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.63%).
The EPS is expected to grow by 88.84% this year
75.0 institutions hold shares in Braskem S.A. ADR (BAK), with institutional investors hold 4.83% of the company’s shares. The shares outstanding are 172.53M, and float is at 172.20M with Short Float at 1.71%. Institutions hold 4.83% 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 0.1494 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.
