On 3/20/24, Braskem SA (NYSE: BAK) stock enjoyed a major increase of 17.5%, closing at $10.56. Moreover, trading volume in this advance was exceptionally high at 374% of normal. The stock has risen 28.6% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BAK is expected to continue to be a modest Value Builder.
Braskem has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock's attractiveness. Braskem has a slightly negative Power Rating of 36 and a poor Appreciation Score of 28, leading to the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.