As of Friday close, Ball Corporation’s (NYSE:BALL) stock was down -$0.86, moving down -1.71 percent to $49.54. The average number of shares traded per day over the past five days has been 1,928,340 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.14 fall in that time frame. In the last twenty days, the average volume was 1,616,160, while in the previous 50 days, it was 1,589,108.
Since last month, BALL stock retreated -5.42%. Shares of the company fell to $49.47 on 09/22/23, the lowest level in the past month. A 52-week high of $62.14 was reached on 02/02/23 after having rallying from a 52-week low of $46.00. Since the beginning of this year, BALL’s stock price has dropped by -3.13% or -$1.60, and marked a new high 10 times. However, the stock has declined by -20.28% since its 52-week high.
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BALL stock investors should be aware that Ball Corporation (BALL) stock had its last reported insider trading activity 30 days ago on Aug 24. Goodwin Deron, the Vice President & Treasurer of the company, disposed of 500 shares for $52.85 on Aug 24. It resulted in a $26,425 divestment by the insider. Kaufman David A sold 3,820 shares at an average price of $52.41 on Aug 23. The insider now owns 8,861 shares following the transaction. On Feb 06, Director HAYES JOHN A sold 100,000 shares at $58.40 apiece. The transaction was valued at $5,840,173.
Valuation Metrics
Right now, Ball Corporation (BALL) has a P/E ratio of about 19.70. The stock’s beta is 0.81. Besides these, the trailing price-to-sales (P/S) ratio of 1.09, the price-to-book (PB) ratio of 4.06.
The latest dividend of $0.20 per share was paid out, remained unchanged from last year’s $0.20.
Financial Health
In the three months ended June 29, Ball Corporation’s quick ratio stood at 0.50, while its current ratio was 0.80, 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 quarter ending June 29 was 1.96, and the total debt-to-equity ratio was 2.54. On the profitability front, the trailing twelve-month gross margin is 17.10% percent. In the year ended June 29, operating margins totaled 9.20%. Based on annual data, BALL earned $2.58 billion in gross profit and brought in $15.35 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 8.40%. Return on equity (ROE) for the past 12 months was 22.10%.
In Ball Corporation’s quarter-end financial report for June 29, it reported total debt of $7.51 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BALL’s revenue fell -15.93% to $3.49 billion during the quarter, while net income inched up to $3.57 billion. While analysts expected Ball Corporation to report $0.62 quarterly earnings, the actual figure was $0.61 per share, beating the consensus estimate by -1.60%. During the quarter, the company generated $491.0 million in EBITDA. The liabilities of Ball Corporation were 16.27 billion at the end of its most recent quarter ended June 29, and its total debt was $10.22 billion. The value of shareholders’ equity is $315.06 million.
Technical Picture
This quick technical analysis looks at Ball Corporation’s (BALL) price momentum. With a historical volatility rate of 32.40%, the RSI 9-day stood at 33.92% on 22 September.
With respect to its five-day moving average, the current Ball Corporation price is down by -4.14% percent or -$2.14. At present, BALL shares trade -6.10% below its 20-day simple moving average and -7.63% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.10% below its SMA50 and -8.85% below its SMA200.
Stochastic coefficient K was 10.72% and Stochastic coefficient D was 12.24%, while ATR was 1.33. Given the Stochastic reading of 1.29% for the 14-day period, the RSI (14) reading has been calculated as 36.10%. As of today, the MACD Oscillator reading stands at -0.58, while the 14-day reading stands at -1.01.
Analyst Ratings
Ball Corporation downgraded its rating on Ball Corporation (NYSE: BALL) to a Neutral in a note to investors on September 13, 2023. The analysts firm previously had an Outperform rating on the stock.Ball Corporation (BALL) has been rated Hold by analysts. According to 0 brokerage firms, BALL is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Ball Corporation stock as buy, with 3 recommending it as overweight.
With a median target price of $59.00, the current consensus forecast for the stock is $55.00 – $75.00. Based on these forecasts, analysts predict Ball Corporation (BALL) will achieve an average price target of $60.82.
