Braskem S.A. ADR (BAK) Stock: Analyzing the Quarterly Movement

In the past week, BAK stock has gone down by -4.33%, with a monthly gain of 11.19% and a quarterly surge of 15.72%. The volatility ratio for the week is 3.61%, and the volatility levels for the last 30 days are 4.02% for Braskem S.A. ADR The simple moving average for the last 20 days is 6.41% for BAK stock, with a simple moving average of 14.15% for the last 200 days.

Is It Worth Investing in Braskem S.A. ADR (NYSE: BAK) Right Now?

Additionally, the 36-month beta value for BAK is 1.96. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”

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The public float for BAK is 172.20M and currently, short sellers hold a 1.18% ratio of that float. The average trading volume of BAK on April 03, 2024 was 1.06M shares.

BAK) stock’s latest price update

The stock of Braskem S.A. ADR (NYSE: BAK) has decreased by -3.21 when compared to last closing price of 10.27. Despite this, the company has experienced a -4.33% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-19 that Braskem S.A. (BAK) Q4 2023 Earnings Call Transcript

Analysts’ Opinion of BAK

JP Morgan, on the other hand, stated in their research note that they expect to see BAK reach a price target of $11, previously predicting the price at $11.50. The rating they have provided for BAK stocks is “Neutral” according to the report published on July 05th, 2023.

BAK Trading at 19.71% from the 50-Day Moving Average

After a stumble in the market that brought BAK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.55% of loss for the given period.

Volatility was left at 4.02%, however, over the last 30 days, the volatility rate increased by 3.61%, as shares surge +17.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.29% upper at present.

During the last 5 trading sessions, BAK fell by -4.15%, which changed the moving average for the period of 200-days by -18.90% in comparison to the 20-day moving average, which settled at $9.41. In addition, Braskem S.A. ADR saw 12.70% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for BAK

Current profitability levels for the company are sitting at:

  • -0.03 for the present operating margin
  • 0.04 for the gross margin

The net margin for Braskem S.A. ADR stands at -0.06. The total capital return value is set at -0.03. Equity return is now at value -84.50, with -5.25 for asset returns.

Based on Braskem S.A. ADR (BAK), the company’s capital structure generated 0.93 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at 14.27. The interest coverage ratio of the stock is -0.44.

Currently, EBITDA for the company is 1.01 billion with net debt to EBITDA at 12.21. When we switch over and look at the enterprise to sales, we see a ratio of 0.93. The receivables turnover for the company is 12.24for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.

Conclusion

In conclusion, Braskem S.A. ADR (BAK) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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