Analyzing Ball Corporation (BALL) By Technical Indicators

As of Wednesday close, Ball Corporation’s (NYSE:BALL) stock was down -$0.03, moving down -0.05 percent to $65.46. The average number of shares traded per day over the past five days has been 2,784,320 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.04 fall in that time frame. In the last twenty days, the average volume was 2,052,430, while in the previous 50 days, it was 2,248,528.

Since last month, BALL stock retreated -5.10%. Shares of the company fell to $62.90 on 06/17/22, the lowest level in the past month. A 52-week high of $98.09 was reached on 02/01/22 after having rallying from a 52-week low of $62.90. Since the beginning of this year, BALL’s stock price has dropped by -32.00% or -$30.81, and marked a new high 3 times. However, the stock has declined by -33.27% since its 52-week high.

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Valuation Metrics

Right now, Ball Corporation (BALL) has a P/E ratio of about 19.34. The stock’s beta is 0.60. Besides these, the trailing price-to-sales (P/S) ratio of 1.42, the price-to-book (PB) ratio of 5.39.

Financial Health

In the recent quarter, Ball Corporation’s quick ratio stood at 0.60, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 2.12, and the total debt-to-equity ratio was 2.20. On the profitability front, the trailing twelve-month gross margin is 19.40% percent. In the recent year, operating margins totaled 11.00%. Based on annual data, BALL earned $2.73 billion in gross profit and brought in $13.81 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.80%. Return on equity (ROE) for the past 12 months was 30.20%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated $795.0 million in EBITDA. The liabilities of Ball Corporation were 16.97 billion at the end of its most recent quarter, and its total debt was $8.16 billion. The value of shareholders’ equity is $319.79 million.

Technical Picture

This quick technical analysis looks at Ball Corporation’s (BALL) price momentum. With a historical volatility rate of 31.18%, the RSI 9-day stood at 34.43% on 22 June.

With respect to its five-day moving average, the current Ball Corporation price is down by -1.56% percent or -$1.04. At present, BALL shares trade -7.56% below its 20-day simple moving average and -30.35% percent below its 100-day simple moving average. However, the stock is currently trading approximately -25.12% below its SMA50 and -32.78% below its SMA200.

Stochastic coefficient K was 20.59% and Stochastic coefficient D was 17.44%, while ATR was 2.27. Given the Stochastic reading of 22.09% for the 14-day period, the RSI (14) reading has been calculated as 35.37%. As of today, the MACD Oscillator reading stands at -1.19, while the 14-day reading stands at -3.64.

Analyst Ratings

Ball Corporation downgraded its rating on Ball Corporation (NYSE: BALL) to an Underweight in a note to investors on June 09, 2022. The analysts firm previously had an Equal weight rating on the stock.Ball Corporation (BALL) has been rated Overweight by analysts. According to 1 brokerage firm, BALL is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Ball Corporation stock as buy, with 9 recommending it as overweight.

With a median target price of $83.50, the current consensus forecast for the stock is $65.00 – $120.00. Based on these forecasts, analysts predict Ball Corporation (BALL) will achieve an average price target of $88.50.


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