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Can You Get A Quick Recovery From Braskem S.A. (NYSE: BAK) Given A -104.58% drop From High?

During the last session, Braskem S.A. (NYSE:BAK)’s traded shares were 1.59 million, with the beta value of the company hitting 1.65. At the end of the trading day, the stock’s price was $9.60, reflecting an intraday gain of 3.34% or $0.31. The 52-week high for the BAK share is $19.64, that puts it down -104.58 from that peak though still a striking 34.79% gain since the share price plummeted to a 52-week low of $6.26. The company’s market capitalization is $3.80B, and the average intraday trading volume over the past 10 days was 1.57 million shares, and the average trade volume was 1.19 million shares over the past three months.

Braskem S.A. (NYSE:BAK) trade information

Braskem S.A. (BAK) registered a 3.34% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.34% in intraday trading to $9.60 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is 1.59%, and it has moved by 26.15% in 30 days. Based on these gigs, the overall price performance for the year is -47.51%. The short interest in Braskem S.A. (NYSE:BAK) is 0.24 million shares and it means that shorts have 0.4 day(s) to cover.

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The consensus price target of analysts on Wall Street is $12.46, which implies an increase of 22.95% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.63 and $19.18 respectively. As a result, BAK is trading at a discount of -99.79% off the target high and 51.77% off the low.

Braskem S.A. (BAK) estimates and forecasts

Statistics show that Braskem S.A. has underperformed its competitors in share price, compared to the industry in which it operates. Braskem S.A. (BAK) shares have gone down -13.51% during the last six months, with a year-to-date growth rate less than the industry average at -225.00% against -18.70. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -123.00% this quarter and then jump 77.50% in the quarter after that. In the rating firms’ projections, revenue will decrease -10.10% compared to the previous financial year.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -15.80%. While earnings are projected to return -102.40% in 2023, the next five years will return 9.70% per annum.

BAK Dividends

Braskem S.A. is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Braskem S.A. is 3.31, with the dividend yield indicating at 34.43 percent, continuing the trend of increasing dividends in recent years.

Braskem S.A. (NYSE:BAK)’s Major holders

Braskem S.A. insiders own 0.00% of total outstanding shares while institutional holders control 2.60%, with the float percentage being 2.60%. NFJ Investment Group LLC is the largest shareholder of the company, while 71 institutions own stock in it. As of Mar 30, 2023, the company held over 1.3 million shares (or 4.58% of all shares), a total value of $12.46 million in shares.

The next largest institutional holding, with 0.64 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 2.25% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $6.12 million.

Also, the Mutual Funds coming in first place with the largest holdings of Braskem S.A. (BAK) shares are DFA Emerging Markets Core Equity Portfolio and Vanguard International Stock Index-Emerging Markets Stk. Data provided on Jan 30, 2023 indicates that DFA Emerging Markets Core Equity Portfolio owns about 0.45 million shares. This amounts to just over 1.60 percent of the company’s overall shares, with a $4.37 million market value. The same data shows that the other fund manager holds slightly less at 0.38 million, or about 1.32% of the stock, which is worth about $3.6 million.

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