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NYSE:BAK

Braskem (BAK) Stock Price, News & Analysis

$6.86
-0.18 (-2.56%)
(As of 09/20/2024 ET)

About Braskem Stock (NYSE:BAK)

Key Stats

Today's Range
$6.73
$6.98
50-Day Range
$5.66
$7.27
52-Week Range
$5.28
$10.98
Volume
1.24 million shs
Average Volume
857,651 shs
Market Capitalization
$3.10 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.75
Consensus Rating
Moderate Buy

Company Overview

Braskem S.A., together with its subsidiaries, produces and sells thermoplastic resins. The company operates through three segments: Brazil, United States and Europe, and Mexico. The Brazil segment produces and sells olefins, including ethylene, polymer and chemical grade propylene, butadiene, and butene-1; benzene, toluene, and xylenes products; fuels, such as automotive gasoline, liquefied petroleum gas, ethyl tertiary-butyl ether, and methyl tertiary-butyl ether; intermediates, such as cumene; aliphatics, aromatics, and hydrogenated solvents; and specialties comprising isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins. This segment also produces and sells polyethylene (PE) and polypropylene (PP); supplies electricity and other inputs to second-generation producers; produces and sells of PE, including the production of green PE from renewable resources; and produces and sells polyvinyl chloride and caustic soda. The United States and Europe segment produces and sells PP in the United States and Germany. The Mexico segment produces and sells ethylene, high-density PE, and low-density PE in Mexico. It also manufactures, sells, imports, and exports chemicals, petrochemicals, and fules; produces, supplies, and sells utilities, such as steam, water, compressed air, and industrial gases; and provides industrial services. The company was formerly known as Copene Petroquímica do Nordeste S.A. and changed its name to Braskem S.A. in 2002. Braskem S.A. was founded in 1972 and is headquartered in São Paulo, Brazil.

Braskem Stock Analysis - MarketRank™

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Overall MarketRank™: 60th Percentile

Braskem scored higher than 60% of companies evaluated by MarketBeat, and ranked 150th out of 250 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Braskem has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Braskem has only been the subject of 3 research reports in the past 90 days.

  • Read more about Braskem's stock forecast and price target.
  • Earnings Growth

    Earnings for Braskem are expected to grow in the coming year, from ($1.30) to ($0.28) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Braskem is -2.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Braskem is -2.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Braskem has a P/B Ratio of 4.73. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Braskem's valuation and earnings.
  • Percentage of Shares Shorted

    0.34% of the outstanding shares of Braskem have been sold short.
  • Short Interest Ratio / Days to Cover

    Braskem has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Braskem has recently decreased by 12.99%, indicating that investor sentiment is improving significantly.
  • Percentage of Shares Shorted

    0.34% of the outstanding shares of Braskem have been sold short.
  • Short Interest Ratio / Days to Cover

    Braskem has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Braskem has recently decreased by 12.99%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Braskem has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 8 news articles for Braskem this week, compared to 1 article on an average week.
  • Search Interest

    5 people have searched for BAK on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.
  • MarketBeat Follows

    1 people have added Braskem to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Braskem insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.01% of the stock of Braskem is held by insiders.

  • Read more about Braskem's insider trading history.
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BAK Stock News Headlines

Braskem (NYSE:BAK) Stock Rating Upgraded by UBS Group
Braskem S.A. (NYSE:BAK) Short Interest Update
My grim warning about AI stocks
Today, I’m warning of another looming catastrophe. Only this time, it’s not in pot stocks, cryptos, or U.S. housing… it's in artificial intelligence. And unless you know what’s really going on in this sector, you could be wiped out. You see, while there is no doubt that the recent advancements in artificial intelligence are game-changing and will drive colossal innovation in every sector of the economy... There's also no escaping that The Big AI Die-Up is coming.
Braskem (NYSE:BAK) PT Lowered to $9.50 at JPMorgan Chase & Co.
See More Headlines

BAK Stock Analysis - Frequently Asked Questions

Braskem's stock was trading at $8.82 at the beginning of the year. Since then, BAK stock has decreased by 22.2% and is now trading at $6.86.
View the best growth stocks for 2024 here
.

Braskem S.A. (NYSE:BAK) released its quarterly earnings data on Thursday, August, 8th. The company reported ($0.48) earnings per share for the quarter, beating the consensus estimate of ($0.78) by $0.30. The firm earned $3.66 billion during the quarter, compared to the consensus estimate of $3.56 billion. Braskem had a negative net margin of 12.98% and a negative trailing twelve-month return on equity of 276.59%.

Braskem's top institutional shareholders include MBB Public Markets I LLC (0.35%), Marshall Wace LLP (0.06%), Dimensional Fund Advisors LP (0.06%) and Cubist Systematic Strategies LLC (0.05%).

Shares of BAK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Braskem investors own include Amarin (AMRN), Enterprise Products Partners (EPD), Micron Technology (MU), Pfizer (PFE), AT&T (T), AbbVie (ABBV) and Aduro Biotech (ADRO).

Company Calendar

Last Earnings
8/08/2024
Today
9/20/2024
Next Earnings (Estimated)
11/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
Chemicals
Employees
8,310
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$9.75
High Stock Price Target
$10.00
Low Stock Price Target
$9.50
Potential Upside/Downside
+42.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$-917,170,000.00
Pretax Margin
-18.30%

Debt

Sales & Book Value

Annual Sales
$70.36 billion
Cash Flow
$0.30 per share
Book Value
$1.45 per share

Miscellaneous

Free Float
N/A
Market Cap
$3.10 billion
Optionable
Not Optionable
Beta
2.02
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This page (NYSE:BAK) was last updated on 9/21/2024 by MarketBeat.com Staff
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