Braskem S.A. ADR (NYSE:BAK) shares, rose in value on Friday, November 01, with the stock price down by -3.13% to the previous day’s close as strong demand from buyers drove the stock to $5.89.
Actively observing the price movement in the last trading, the stock closed the session at $6.08, falling within a range of $5.83 and $6.065. The value of beta (5-year monthly) was 1.016. Referring to stock’s 52-week performance, its high was $10.98, and the low was $5.28. On the whole, BAK has fluctuated by -19.09% over the past month.
With the market capitalization of Braskem S.A. ADR currently standing at about $1.02 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 13.7B, with a low estimate of 3.49B and a high estimate of 3.65B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.57B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BAK’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of BAK currently trading nearly -8.51% and -11.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.16, while the 7-day volatility ratio is showing 2.40% which for the 30-day chart, stands at 2.60%. Furthermore, Braskem S.A. ADR (BAK)’s beta value is 2.04, and its average true range (ATR) is 0.20.
A comparison of Braskem S.A. ADR (BAK) with its peers suggests the former has fared considerably weaker in the market. BAK showed an intraday change of -3.13% in last session, and over the past year, it shrunk by -11.16%%.
Data on historical trading for Braskem S.A. ADR (NYSE:BAK) indicates that the trading volumes over the past 10 days have averaged 0.4 and over the past 3 months, they’ve averaged 690.59K. According to company’s latest data on outstanding shares, there are 172.53 million shares outstanding.
Braskem S.A. ADR’s shares belong to company insiders and institutional investors own 4.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.39 million shares as on 2024-10-15, resulting in a short ratio of 1.9. According to the data, the short interest in Braskem S.A. ADR (BAK) stood at 146.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 1.58 million. The stock has fallen by -33.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BAK stock heading into the next quarter.
