Braskem SA (NYSE: BAK). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
Meaningful negative changes in Braskem SA (NYSE: BAK) fundamentals have recently occurred: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BAK is expected to continue to be a modest Value Builder.
Braskem has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Braskem has a slightly negative Power Rating of 34 and a slightly negative Appreciation Score of 31, triggering the Lowest Value Trend Rating.
Recent Price Action
On 3/12/24, Braskem SA (NYSE: BAK) stock rose slightly by 0.1%, closing at $8.21. However, unusually low trading volume at 50% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months and has declined -8.2% during the last week.
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