The Volatility of Ball Corp.’s (BALL) Stock: A 0.42% Ratio for the Week

In the past week, BALL stock has gone up by 0.42%, with a monthly gain of 3.44% and a quarterly surge of 17.13%. The volatility ratio for the week is 1.39%, and the volatility levels for the last 30 days are 1.51% for Ball Corp. The simple moving average for the past 20 days is 1.66% for BALL’s stock, with a 19.68% 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 29.93x that is above its average ratio. Additionally, the 36-month beta value for BALL is 0.89. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for BALL is 313.65M and currently, short sellers hold a 3.43% ratio of that float. The average trading volume of BALL on April 04, 2024 was 1.85M shares.

BALL) stock’s latest price update

The stock price of Ball Corp. (NYSE: BALL) has plunged by -1.01 when compared to previous closing price of 67.42, but the company has seen a 0.42% gain in its stock price over the last five trading sessions. PRNewsWire reported 2024-03-26 that WESTMINSTER, Colo., March 26, 2024 /PRNewswire/ — Ball Corporation (NYSE: BALL) will announce its first quarter 2024 earnings on Friday, April 26th, 2024 before trading begins on the New York Stock Exchange.

Analysts’ Opinion of BALL

Many brokerage firms have already submitted their reports for BALL stocks, with Citigroup repeating the rating for BALL by listing it as a “Neutral.” The predicted price for BALL in the upcoming period, according to Citigroup is $70 based on the research report published on March 27, 2024 of the current year 2024.

Morgan Stanley, on the other hand, stated in their research note that they expect to see BALL reach a price target of $68. The rating they have provided for BALL stocks is “Equal-Weight” according to the report published on March 18th, 2024.

BofA Securities gave a rating of “Buy” to BALL, setting the target price at $72 in the report published on March 04th of the current year.

BALL Trading at 7.24% 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 -1.81% of loss for the given period.

Volatility was left at 1.51%, however, over the last 30 days, the volatility rate increased by 1.39%, as shares surge +4.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.44% upper at present.

During the last 5 trading sessions, BALL rose by +0.42%, which changed the moving average for the period of 200-days by +22.48% in comparison to the 20-day moving average, which settled at $65.79. In addition, Ball Corp. saw 16.03% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BALL starting from Fisher Daniel William, who purchase 3,869 shares at the price of $64.56 back on Mar 14 ’24. After this action, Fisher Daniel William now owns 111,866 shares of Ball Corp., valued at $249,767 using the latest closing price.

Lewis Ronald J., the SR VP & COO of Ball Corp., purchase 4,637 shares at $53.91 during a trade that took place back on Nov 21 ’23, which means that Lewis Ronald J. is holding 29,797 shares at $249,976 based on the most recent closing price.

Stock Fundamentals for BALL

Current profitability levels for the company are sitting at:

  • 0.1 for the present operating margin
  • 0.19 for the gross margin

The net margin for Ball Corp. stands at 0.05. The total capital return value is set at 0.11. Equity return is now at value 19.56, with 3.61 for asset returns.

Based on Ball Corp. (BALL), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 2.27. The interest coverage ratio of the stock is 3.1.

Currently, EBITDA for the company is 2.11 billion with net debt to EBITDA at 3.73. When we switch over and look at the enterprise to sales, we see a ratio of 2.06. The receivables turnover for the company is 6.01for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.

Conclusion

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.

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