Why Braskem S.A. ADR (NYSE:BAK) Stock rose 31.79% in Last Six Months?

UBS raised the price target for the Braskem S.A. ADR (NYSE:BAK) stock from “a Neutral” to “a Sell”. The rating was released on August 29, 2023, according to finviz. We previously noted in another research note published on July 05, 2023 by JP Morgan that downgraded the stock from an Overweight to a Neutral with a price target of $11 for BAK stock. In their research brief published May 08, 2023, Scotiabank analysts upgraded the Braskem S.A. ADR stock from Sector Perform to Sector Outperform with a price target of $16.75.

Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$0.8 during the last quarter as opposed to a consensus estimate of -$0.55, which indicates the company missed its estimate by -$0.25, which implies that the company surprised the market by -45.50%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2024) is $0. This is an average of 0 analysts’ earnings, where the high earnings per share estimate is $0 and the low earnings per share estimate is $0.

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The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated -1.22% within the last five trades and 27.02% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 31.79% in the last 6 months and 16.10% was added to its value over the previous 3 months. BAK stock is trading at a margin of 15.76%, 29.73% and 20.74% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, BAK deals in the Basic Materials domain. The stock is trading -16.89 percent below its 52-week high and 67.14 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 23.6. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Braskem S.A. ADR’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at -2.62 percent and the profit margin is -6.61 percent, and the company has reported a gross margin of 4.27 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $1.82 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 16.74. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.13 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 5.11, which equates the market value of a stock with its book value.

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