Basanite (BASA) AI Stock Analysis

Basanite

(Other OTC:BASA)

Select Model

Rating:27Underperform

Action:N/A

Date:11/13/24

Basanite's overall stock score is low due to severe financial difficulties and unattractive valuation, despite a positive market reaction post-earnings. The technical indicators suggest bearish trends, further impacting the score negatively.

Positive Factors

Revenue GrowthBasanite's strong revenue growth indicates increasing demand for its eco-friendly construction materials, supporting long-term market expansion.

Negative Factors

Financial InstabilityBasanite's financial instability, marked by high leverage and negative cash flows, poses risks to its ability to sustain operations long-term.

Basanite (BASA) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $3.64M
Dividend Yield: ―
Average Volume (3M): 114.66K
Price to Earnings (P/E): -2.1
Beta (1Y): -0.56
Revenue Growth: -99.57%
EPS Growth: 23.81%
Country: US
Employees: 2
Sector: Basic Materials
Sector Strength: 61
Industry: Construction Materials

Basanite Business Overview & Revenue Model

Company Description

Basanite, Inc. is a global enterprise specializing in basalt fiber reinforced polymer (FRP) technology. The company develops and manufactures basalt FRP products that serve as superior alternatives to conventional steel reinforcement, as well as othe...

How the Company Makes Money

Basanite makes money primarily through the sale of its Basalt fiber reinforced polymer (BFRP) products to construction companies, infrastructure developers, and other entities involved in building and civil engineering projects. The company's revenue...

Basanite Risk Analysis

Basanite disclosed 61 risk factors in its most recent earnings report. Basanite reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

3 New Risks

1.Future sales of our common stock in the public market could lower the price of our common stock and impair our ability to raise funds in future securities offerings.Q4, 2021

2.Trading in our common stock is subject to special sales practices and may be difficult to sell.Q4, 2021

3.The principal holder of our outstanding secured convertible promissory note (which holder is associated with one of our directors) has rights which are senior to the rights of our common stockholders, and which may impair our financing efforts.Q4, 2021

Basanite Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

BASA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
USLM	75Outperform	$3.20B	25.48	19.65%	0.20%	4.45%	2.10%
CPAC	74Outperform	$1.15B	14.43	19.61%	4.79%	20.97%	27.03%
CX	69Neutral	$16.47B	25.69	4.87%	0.98%	9.60%	-55.05%
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SMID	58Neutral	$119.41M	16.44	14.11%	―	-1.65%	-35.86%
LOMA	55Neutral	$1.15B	37.81	4.06%	―	-5.25%	-50.76%
BASA	27Underperform	$3.24M	-2.09	15.87%	―	-99.57%	23.81%

* Basic Materials Sector Average

Performance Comparison

BASA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
BASA	Basanite	0.01	-0.02	-57.14%
CPAC	Cementos Pacasmayo S.a.a.	12.71	5.91	86.91%
CX	Cemex Sab De Cv	10.89	0.95	9.50%
USLM	United States Lime & Minerals	118.99	8.17	7.37%
LOMA	Loma Negra Compania Industrial Argentina Sociedad Anonima	9.10	-1.42	-13.50%
SMID	Smith-Midland Corporation	23.84	-12.89	-35.09%

Basanite Corporate Events

Executive/Board Changes

Basanite’s Acting CFO Ronald LoRicco Resigns

Neutral

Oct 16, 2025

On October 15, 2025, Ronald LoRicco, Sr. resigned from his position as the Acting Interim Chief Financial Officer of Basanite. Despite stepping down from this role, Mr. LoRicco continues to serve as the Acting Interim Chief Executive Officer and the...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 13, 2024

Basanite AI Stock Analysis