Braskem SA (NYSE: BAK) suffers from notable negative changes in investment behavior: the stock fell on very heavy volume.
Recent significant negative changes in fundamentals have impacted Braskem SA (NYSE: BAK): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BAK is expected to continue to be a modest Value Builder.
Braskem has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Braskem has a neutral Power Rating of 45 and a slightly negative Appreciation Score of 30, resulting in the Negative Value Trend Rating.
Recent Price Action
On 12/1/23, Braskem SA (NYSE: BAK) stock declined by -4.2%, closing at $7.45. Moreover, exceptionally high trading volume at 595% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -8.4% during the last week.
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