Ball Corp (NYSE: BALL) has seen a decline in its stock price by -1.56 in relation to its previous close of 60.86. However, the company has experienced a -1.19% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-14 that Calvert Research and Management ranked the 100 most sustainable companies based on over 230 ESG indicators, including workplace diversity and greenhouse-gas emissions. Eight of 78 dividend-paying sustainable companies offer dividends exceeding their share prices, signalling potential buy opportunities for investors. Analysts estimate net gains of 17.47% to 69.69% for the top ten sustainable companies by November 2025, based on target prices and dividends.
Is It Worth Investing in Ball Corp (NYSE: BALL) Right Now?
The stock has a 36-month beta value of 0.91. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 4 as “overweight,” 8 as “hold,” and 1 as “sell.”
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The public float for BALL is 296.60M, and at present, short sellers hold a 1.74% of that float. On November 20, 2024, the average trading volume of BALL was 1.55M shares.
BALL’s Market Performance
BALL’s stock has seen a -1.19% decrease for the week, with a -9.49% drop in the past month and a -6.32% fall in the past quarter. The volatility ratio for the week is 1.92%, and the volatility levels for the past 30 days are at 2.18% for Ball Corp The simple moving average for the past 20 days is -2.70% for BALL’s stock, with a -7.21% simple moving average for the past 200 days.
Analysts’ Opinion of BALL
Many brokerage firms have already submitted their reports for BALL stocks, with Morgan Stanley repeating the rating for BALL by listing it as a “Overweight.” The predicted price for BALL in the upcoming period, according to Morgan Stanley is $78 based on the research report published on September 04, 2024 of the current year 2024.
Robert W. Baird, 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 “Outperform” according to the report published on August 14th, 2024.
Truist gave a rating of “Buy” to BALL, setting the target price at $76 in the report published on June 25th of the current year.
BALL Trading at -6.90% 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 -16.00% of loss for the given period.
Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 1.92%, as shares sank -8.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.25% lower at present.
During the last 5 trading sessions, BALL fell by -1.19%, which changed the moving average for the period of 200-days by +2.46% in comparison to the 20-day moving average, which settled at $61.57. In addition, Ball Corp saw 4.16% 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 Mariani Pedro Henrique, who sale 5,000 shares at the price of $69.90 back on May 17 ’24. After this action, Mariani Pedro Henrique now owns 9,844 shares of Ball Corp, valued at $349,486 using the latest closing price.
Fisher Daniel William, the President & C.E.O. of Ball Corp, purchase 3,869 shares at $64.56 during a trade that took place back on Mar 14 ’24, which means that Fisher Daniel William is holding 111,866 shares at $249,767 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
- 0.18 for the gross margin
The net margin for Ball Corp stands at -0.04. The total capital return value is set at 0.09. Equity return is now at value 10.94, with 3.00 for asset returns.
Based on Ball Corp (BALL), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12. The debt to equity ratio resting at 0.87. The interest coverage ratio of the stock is 3.69.
Currently, EBITDA for the company is 1.96 billion with net debt to EBITDA at 2.55. When we switch over and look at the enterprise to sales, we see a ratio of 1.8. The receivables turnover for the company is 4.64for trailing twelve months and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
Conclusion
To sum up, Ball Corp (BALL) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
