BAK Stock Summary and Trading Ideas (Braskem SA ADR | NYSE:BAK)

Braskem SA manufactures and sells chemicals, petrochemicals, fuels, and utilities. The company's geographical segments include Brazil; the United States and Europe and Mexico. It derives a majority of its revenue from Brazil. It produces olefins, such as ethylene, polymer and chemical-grade propylene, butadiene, and butene-1; fuels, such as automotive gasoline, liquefied petroleum gas, or LPG, ethyl tertiary-butyl ether, or ETBE, and methyl tertiary-butyl ether, or MTBE; intermediates, such as cumene and others.

Braskem SA ADR trades on the NYSE stock market under the symbol BAK.

As of January 14, 2025, BAK stock price climbed to $3.90 with 826,526 million shares trading.

BAK has a beta of 0.73, meaning it tends to be less sensitive to market movements. BAK has a correlation of 0.03 to the broad based SPY ETF.

BAK has a market cap of $1.55 billion. This is considered a Small Cap stock.

Last quarter Braskem SA ADR reported $4 billion in Revenue and -$.27 earnings per share. This beat revenue expectation by $265 million and missed earnings estimates by -$.34.

In the last 3 years, BAK traded as high as $21.22 and as low as $3.69.

The top ETF exchange traded funds that BAK belongs to (by Net Assets): VWO, VXUS, SPEM, AVEM, VEU.

BAK has underperformed the market in the last year with a return of -50.4%, while the SPY ETF gained +23.6%. In the last 3 month period, BAK fell short of the market, returning -41.8%, while SPY returned +0.8%. However, in the most recent 2 weeks BAK has outperformed the stock market by returning +2.6%, while SPY returned -1.0%.

BAK support price is $3.64 and resistance is $3.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BAK shares will trade within this expected range on the day.