Braskem stock: buy or sell?

BAK stock price: $13.48 -3.16% At close on February 24th, 2020

Updated on:
February 24th, 2020

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Braskem shares slipped -3.16% to $13.48 today. With Monday it's been 3 red days in a row.

Braskem S.A., together with its subsidiaries, produces and sells thermoplastic resins. Its Basic Petrochemicals segment offers olefins, such as ethylene, polymer and chemical grade propylene, butadiene, and butene-1; BTX products comprising benzene, para-xylene, and toluene; fuels, including automotive gasoline, liquefied petroleum gas, ethyl tertiary butyl ether, and methyl tertiary butyl ether; intermediates, such as cumene; and aliphatics, aromatics, and hydrogenates solvents, as well as specialties, such as isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins.

Should I buy Braskem stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Braskem stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Braskem stock a buy?

Financial institutions and banks post stock ratings everyday. Unfortunately, we couldn't detect any rating for BAK stock for the last month.

Braskem stock analysis

Daily outlook

Braskem shares slipped -3.16% to $13.48 today.

Shares of Braskem slipped a shocking -3.16% and closed at $13.48.

BAK stock chart (daily)

Weekly outlook

Shares of Braskem fell a fatal -3.16% this week. Late January BAK collapsed a scary -21.84% in just one week. Counting this, it's been 5 red weeks in a row, sliding $-4.43 or a -26.90%. Late January BAK rocketed a super good 8.04% in just one week.

Since late January, when BAK stock price broke down the 40-weeks moving avarage line, it slid $-4.43 per share (-24.73%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support. Far behind is the all-time high Braskem marked by mid March 2019 and since then the price is -53.69% below that top.

BAK stock chart (weekly)

Braskem stock price history

Braskem stock went public on March with a price of $28.641. Since then, BAK stock declined a -52.90%, with a yearly average of inf%.

1: Adjusted price after possible price splits or reverse-splits.

Braskem stock historical price chart

BAK stock reached all-time highs on March with a price of $29.11.

Braskem stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not detected any price prediction for Braskem stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on April, Braskem . Unfortunately, reported EPS is not yet available in our database.
BAK earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a2.27n/a
2017-Q2-n/a1.15n/a
2017-Q3-n/a1.17n/a
2017-Q42018-03-290.810.3-63.0%
2018-Q12018-05-09n/a0.81n/a
2018-Q22018-08-07n/a0.38n/a
2018-Q32018-11-12n/a0.51n/a
2018-Q42019-04-04n/an/an/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, Braskem annual sales rocketed a super good 17.74% to $57,999.90 million USD from $49,261.00 marked in 2017. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) decreased a -3.35% to 4.94%.

BAK annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2012$36,160 M-$-1,010.00 M-2.8%-
2013$40,970 M13.30%$510 M1.2%-150.47%
2014$45,757 M11.68%$716 M1.6%40.47%
2015$47,562 M3.95%$3,002 M6.3%319.24%
2016$47,664 M0.21%$-411.47 M-0.9%-113.71%
2017$49,261 M3.35%$4,083 M8.3%-1,092.29%
2018$58,000 M17.74%$2,867 M4.9%-29.79%

Quarterly financial results

Braskem reported $14,837.00 million in revenues for 2018-Q4, a -9.24% decline compared to previous quarter. Reported quarter income marked $-78.00 M with a profit margin of -0.53%. Profit margin eased a -8.75% compared to previous quarter when profit margin was 8.22%. When comparing turnover to same quarter last year, Braskem sales marked an astounding increase and climbed a 17.49%.
BAK quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$12,600 M-$1,800 M14.3%-
2017-Q2$11,870 M-5.79%$1,090 M9.2%-39.44%
2017-Q3$3,844 M-67.61%$253 M6.6%-76.82%
2017-Q4$12,629 M228.51%$386 M3.1%52.86%
2018-Q1$13,029 M3.17%$1,054 M8.1%172.79%
2018-Q2$13,786 M5.81%$547 M4.0%-48.06%
2018-Q3$16,348 M18.58%$1,344 M8.2%145.64%
2018-Q4$14,837 M-9.24%$-78 M-0.5%-105.80%

Braskem ownership

When you are planning to buy shares of a stock, it's always worth to check its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Braskem, 0.00% of all outstanding shares are owned by its staff.

In case of Braskem stock, 5.20% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for BAK stock account 0.00%, no big difference from last month.

For a better context understanding, the next table shows ownership data compared to other related companies:

BAK
Market cap$5.4 B
Total shares397.9 M
Float shares101.0 M
  - Institutional holdings (%)5.2%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

Braskem summary

Monday, February 24th, 2020
Open$13.56
Close$13.48
Day range$13.44 - $13.66
Previous close$13.92
Session gain-3.16%
Average true range$0.57
50d mov avg$15.30
100d mov avg$14.64
200d mov avg$16.07
Daily patternlt03c
Weekly pattern

Braskem performance

To measure stock performance is always good to compare with competitors or related stocks. We chose as the bechmarking frame for Braskem stock.
Stock3m6m12m
BAKBraskem2.12%-3.37%0.00%

Braskem competitors

Unfortunately, we could not find any public company that could be defined as Braskem competitor. This doesn't mean Braskem does not have any competitor in the market, it's just we could not detected it.

    Latest Braskem stock news