BASF shares: upward movement after previous losses - continued gains in sight?

BASF shares: upward movement after previous losses - continued gains in sight?

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Potential impact on the market and industry

According to a report by www.welt.de, BASF's share price has risen by 1.19 percent and the company is currently in the middle third of the DAX, which has risen by 0.42 percent overall. This indicates that BASF stock is recovering from previous losses and an uptrend may be imminent.

The positive development of BASF shares could also have an impact on the market and the industry. A rising share price could attract potential investors and increase confidence in the company. This could lead to further investments in the chemical industry sector and have a positive impact on the market and the industry as a whole.

Additionally, a rising stock price could also have an impact on consumers. If a company like BASF experiences positive business development, this could increase consumer confidence in the company and its products. This could lead to increased demand for BASF products and impact the sales market.

Our analysis and calculations

According to the data provided, BASF shares are 12.29 percent below their 52-week high of EUR 50.21 and 0.55 percent above their 52-week low of EUR 40.25. This shows that the stock has not currently reached its full potential.

BASF's free float market capitalization is 39.14 billion euros, which means a weighting of 2.33 percent in the index formation. In comparison, the company Linde, which currently has the highest stock market value in the DAX, has a market capitalization of 180.84 billion euros.

BASF generated sales of 78.60 billion euros and a profit of 7.96 billion euros in the 2021 financial year. These positive financial indicators indicate that the company is operating solidly and over