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Is a Correction Looming Ahead for Ball Corporation (BALL)

Ball Corporation (NYSE:BALL) went down by -15.41% from its latest closing price compared to the recent 1-year high of $98.09. The company’s stock price has collected 0.62% of gains in the last five trading sessions.

Is It Worth Investing in Ball Corporation (NYSE :BALL) Right Now?

Ball Corporation (NYSE:BALL) scored a price-to-earnings ratio above its average ratio, recording 21.52 x from its present earnings ratio. Plus, the 36-month beta value for BALL is at 0.56. Opinions of the stock are interesting as 9 analysts out of 20 who provided ratings for Ball Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 8 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $83.71, which is $22.35 above the current price. BALL currently public float of 316.57M and currently shorts hold a 2.76% ratio of that float. Today, the average trading volume of BALL was 2.23M shares.

BALL’s Market Performance

BALL stocks went up by 0.62% for the week, with a monthly jump of 3.97% and a quarterly performance of -10.89%, while its annual performance rate touched -9.49%. The volatility ratio for the week stands at 2.23% while the volatility levels for the past 30 days are set at 2.52% for Ball Corporation. The simple moving average for the period of the last 20 days is -12.22% for BALL stocks with a simple moving average of -27.00% for the last 200 days.

Analysts’ Opinion of BALL

Many brokerage firms have already submitted their reports for BALL stocks, with Truist repeating the rating for BALL by listing it as a “Hold.” The predicted price for BALL in the upcoming period, according to Truist is $93 based on the research report published on August 04th of the current year 2022.

Wells Fargo, on the other hand, stated in their research note that they expect to see BALL reach a price target of $65. The rating they have provided for BALL stocks is “Underweight” according to the report published on June 09th, 2022.

BALL Trading at -11.89% from the 50-Day Moving Average

After a stumble in the market that brought BALL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.21% of loss for the given period.

Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares sank -11.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.62% lower at present.

During the last 5 trading sessions, BALL fell by -14.93%, which changed the moving average for the period of 200-days by -30.55% in comparison to the 20-day moving average, which settled at $69.77. In addition, Ball Corporation saw -24.37% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for BALL

Current profitability levels for the company are sitting at:

  • +8.84 for the present operating margin
  • +14.59 for the gross margin

The net margin for Ball Corporation stands at +6.30. Equity return is now at value 30.20, with 5.60 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.88.

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