Braskem S.A. ADR (NYSE: BAK) has experienced a rise in its stock price by 1.71 compared to its previous closing price of 8.72. However, the company has seen a gain of 2.54% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-19 that Braskem S.A. (BAK) Q4 2023 Earnings Call Transcript
Is It Worth Investing in Braskem S.A. ADR (NYSE: BAK) Right Now?
Company’s 36-month beta value is 1.98.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for BAK is 172.20M, and currently, short sellers hold a 0.70% ratio of that floaft. The average trading volume of BAK on April 26, 2024 was 980.80K shares.
BAK’s Market Performance
BAK’s stock has seen a 2.54% increase for the week, with a -18.63% drop in the past month and a 16.40% gain in the past quarter. The volatility ratio for the week is 3.18%, and the volatility levels for the past 30 days are at 3.13% for Braskem S.A. ADR The simple moving average for the past 20 days is -6.15% for BAK’s stock, with a 4.32% simple moving average for the past 200 days.
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 -1.56% 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 -30.00% of loss for the given period.
Volatility was left at 3.13%, however, over the last 30 days, the volatility rate increased by 3.18%, as shares sank -15.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.32% upper at present.
During the last 5 trading sessions, BAK rose by +2.66%, which changed the moving average for the period of 200-days by -18.23% in comparison to the 20-day moving average, which settled at $9.37. In addition, Braskem S.A. ADR saw 0.56% 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 -0.57.
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 0.9. 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 a nutshell, Braskem S.A. ADR (BAK) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
