Ball Corp. (NYSE: BALL) has seen a decline in its stock price by -1.39 in relation to its previous close of 65.50. However, the company has experienced a 1.02% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-23 that Here is a sneak peek into how major five industrial products stocks, CAT, GWW, DOV, BALL and AVY, are expected to fare in their quarterly results slated to be released this week.
Is It Worth Investing in Ball Corp. (NYSE: BALL) Right Now?
The price-to-earnings ratio for Ball Corp. (NYSE: BALL) is 28.96x, which is above its average ratio. Moreover, the 36-month beta value for BALL is 0.89. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BALL is 312.83M and currently, short sellers hold a 3.29% of that float. On April 24, 2024, BALL’s average trading volume was 1.87M shares.
BALL’s Market Performance
BALL stock saw a decrease of 1.02% in the past week, with a monthly decline of -2.87% and a quarterly a decrease of 15.61%. The volatility ratio for the week is 1.51%, and the volatility levels for the last 30 days are 1.48% for Ball Corp. (BALL). The simple moving average for the last 20 days is -2.18% for BALL stock, with a simple moving average of 14.46% for the last 200 days.
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 “Equal Weight.” The predicted price for BALL in the upcoming period, according to Barclays is $71 based on the research report published on April 04, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see BALL reach a price target of $70. The rating they have provided for BALL stocks is “Neutral” according to the report published on March 27th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to BALL, setting the target price at $68 in the report published on March 18th of the current year.
BALL Trading at -0.10% 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 -4.97% of loss for the given period.
Volatility was left at 1.48%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares sank -2.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.82% upper at present.
During the last 5 trading sessions, BALL rose by +1.11%, which changed the moving average for the period of 200-days by +15.38% in comparison to the 20-day moving average, which settled at $65.94. In addition, Ball Corp. saw 12.29% 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 2.01. 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
To wrap up, the performance of Ball Corp. (BALL) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
