The stock of Ball Corp. (BALL) has gone up by 5.30% for the week, with a 25.27% rise in the past month and a 2.41% rise in the past quarter. The volatility ratio for the week is 2.45%, and the volatility levels for the past 30 days are 3.03% for BALL. The simple moving average for the past 20 days is 8.82% for BALL’s stock, with a 0.59% simple moving average for the past 200 days.
Is It Worth Investing in Ball Corp. (NYSE: BALL) Right Now?
Ball Corp. (NYSE: BALL) has a price-to-earnings ratio of 27.96x that is above its average ratio. Additionally, the 36-month beta value for BALL is 0.86. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The average price predicted by analysts for BALL is $56.21, which is $2.57 above the current price. The public float for BALL is 313.30M and currently, short sellers hold a 4.77% ratio of that float. The average trading volume of BALL on November 21, 2023 was 2.06M shares.
BALL) stock’s latest price update
Ball Corp. (NYSE: BALL)’s stock price has soared by 1.28 in relation to previous closing price of 52.96. Nevertheless, the company has seen a gain of 5.30% in its stock price over the last five trading days. Zacks Investment Research reported 2023-11-02 that Ball (BALL) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.75 per share a year ago.
Analysts’ Opinion of BALL
Many brokerage firms have already submitted their reports for BALL stocks, with Barclays repeating the rating for BALL by listing it as a “Overweight.” The predicted price for BALL in the upcoming period, according to Barclays is $59 based on the research report published on October 11, 2023 of the current year 2023.
BALL Trading at 10.58% 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 -13.68% of loss for the given period.
Volatility was left at 3.03%, however, over the last 30 days, the volatility rate increased by 2.45%, as shares surge +15.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.70% upper at present.
During the last 5 trading sessions, BALL rose by +4.59%, which changed the moving average for the period of 200-days by -9.22% in comparison to the 20-day moving average, which settled at $49.66. In addition, Ball Corp. saw 4.89% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at BALL starting from Goodwin Deron, who sale 500 shares at the price of $52.85 back on Aug 24. After this action, Goodwin Deron now owns 12,001 shares of Ball Corp., valued at $26,425 using the latest closing price.
Kaufman David A, the President, Ball Aerospace of Ball Corp., sale 3,820 shares at $52.41 during a trade that took place back on Aug 23, which means that Kaufman David A is holding 8,861 shares at $200,212 based on the most recent closing price.
Stock Fundamentals for BALL
Current profitability levels for the company are sitting at:
- +6.63 for the present operating margin
- +11.48 for the gross margin
The net margin for Ball Corp. stands at +4.70. The total capital return value is set at 8.18, while invested capital returns managed to touch 6.24. Equity return is now at value 16.39, with 3.04 for asset returns.
Based on Ball Corp. (BALL), the company’s capital structure generated 271.25 points at debt to equity in total, while total debt to capital is 73.06. Total debt to assets is 47.15, with long-term debt to equity ratio resting at 227.94. Finally, the long-term debt to capital ratio is 61.40.
When we switch over and look at the enterprise to sales, we see a ratio of 1.81, with the company’s debt to enterprise value settled at 0.37. The receivables turnover for the company is 5.93 and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.78.
In conclusion, Ball Corp. (BALL) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.