On 5/6/24, Braskem SA (NYSE: BAK) stock suffered a major decline of -14.2%, closing at $7.75. Moreover, this decline was accompanied by exceptionally high trading volume at 561% of normal. The stock has performed in line with the market over the last nine months and has declined -13.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, BAK is expected to continue to be an important Value Builder.
Braskem has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Braskem has a neutral Power Rating of 44 but a very low Appreciation Score of 11, triggering the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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