Braskem stock: buy or sell?

BAK stock price: $13.86 0.07% At close on November 15th, 2019

Updated on:
November 15th, 2019

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After marking all time highs on Monday, Braskem stayed steady 0.07% on Nov 15th to $13.86. On Thursday BAK plunged a bloodcurdling -5.49%. On November 7th BAK boosted a super good 5.78%.

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?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to choose your own trading plan that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Braskem stock situation right now, therefore this is not a suitable entry point.

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?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't detect any rating for BAK stock for the last month.

Braskem stock analysis

Daily outlook

After reaching all time highs on Monday, Braskem stayed steady 0.07% on Nov 15th to $13.86.

Braskem stayed steady 0.07% to $13.86 after reaching all time highs on Monday. BAK is retaking the upward trend marking a new rising bottom heading to break out over $15.33. On Monday, BAK hit new all time highs, pushing higher previous ATH of $15.31 recorded on November 8th. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

BAK stock chart (daily)

Weekly outlook

After boosting a dazzling 7.53% in a week last week, Braskem closed this week at $13.86 and collapsed a frightening -7.60%.

It touched new all-time highs back again this week, peaking to $15.33.

BAK stock chart (weekly)

Braskem stock price history

Braskem stock went public on October 24th with a price of $13.151. Since then, BAK stock grew a 5.40%, with an average of inf% per year. If you had invested $1,000 in Braskem stock in 2019, it would worth $54.00 today.

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

Braskem stock historical price chart

BAK stock reached all-time highs on Monday with a price of $15.33.

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, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not detected any price target for Braskem stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since April, when Braskem presented its last earnings report, it . 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

Compared to 2017, last anual turnover report draw an extraordinary increase of 17.74% to $57,999.90 M USD. However, its income margin (compared to revenues) slightly fell to 4.94%, that is $2,866.68 million.

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% less compared to previous quarter. Reported quarter earnings marked $-78.00 M with a profit margin of -0.53%. Profit margin slipped a -8.75% compared to previous quarter when profit margin was 8.22%. When comparing sales to same quarter last year, Braskem sales marked an outstanding gain and rocketed 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 invest in a stock, it's always worth to overview its ownership structure.

Braskem shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.00% of all shares.

In case of Braskem stock, 11.55% 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:

BAKCEPBRYTEN
Market cap$5.5 B$15.2 B$100.7 B$1.9 M
Total shares397.9 M120.9 M6,520.0 M12.6 M
Float shares101.0 M120.1 M3,740.0 M9.5 M
  - Institutional holdings (%)11.6%105.7%12.8%7.3%
  - Insider holdings (%)0.0%0.6%0.1%29.6%
Shares in short selling0.0%0.0%0.0%0.0%

Braskem summary

Friday, November 15th, 2019
Open$13.98
Close$13.86
Day range$13.85 - $14.02
Previous close$13.85
Session gain0.07%
Average true range$0.00
50d mov avg$0.00
100d mov avg$0.00
200d mov avg$0.00
Daily patternlb02a
Weekly pattern

Braskem performance

To better understand Braskem performance you must compare its gains with other related stocks in same sector or industry. In the following table, we compare Braskem to Celanese, and Yield10 Bioscience:
Stock3m6m12m
BAKBraskem0.00%0.00%0.00%
CECelanese14.77%25.25%25.62%
PBR17.41%16.70%6.34%
YTENYield10 Bioscienc...-83.70%-83.15%-88.46%

Braskem competitors

One check before investing in any stock is to review a list of its competitors, in this case for Braskem. We picked 3 companies as Braskem competitors as they are in the same industry or have similar market objectives.

Latest Braskem stock news