Ball Corp. (NYSE: BALL): Reassessing Prospects

Ball Corp. (BALL) concluded trading on Tuesday at a closing price of $62.26, with 5.06 million shares of worth about $314.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.55% during that period and on June 18, 2024 the price saw a loss of about -6.29%. Currently the company’s common shares owned by public are about 315.69M shares, out of which, 308.55M shares are available for trading.

Stock saw a price change of -8.25% in past 5 days and over the past one month there was a price change of -11.20%. Year-to-date (YTD), BALL shares are showing a performance of 8.24% which increased to 6.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $42.81 but also hit the highest price of $71.32 during that period. The average intraday trading volume for Ball Corp. shares is 1.84 million. The stock is currently trading -9.05% below its 20-day simple moving average (SMA20), while that difference is down -8.36% for SMA50 and it goes to 5.85% higher than SMA200.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Ball Corp. (NYSE: BALL) currently have 315.69M outstanding shares and institutions hold larger chunk of about 87.10% of that.

The stock has a current market capitalization of $19.32B and its 3Y-monthly beta is at 0.86. It has posted earnings per share of -$1.54 in the same period. It has Quick Ratio of 0.93 while making debt-to-equity ratio of 0.84. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BALL, volatility over the week remained 3.32% while standing at 2.13% over the month.

Stock’s fiscal year EPS is expected to rise by 5.06% while it is estimated to increase by 14.05% in next year. EPS is likely to shrink at an annualized rate of 10.50% for next 5-years, compared to annual growth of 11.57% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on April 04, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $66 and $71 to it. Coverage by Citigroup stated Ball Corp. (BALL) stock as a Neutral in their note to investors on March 27, 2024, suggesting a price target of $70 for the stock. On March 18, 2024, Morgan Stanley Initiated their recommendations, while on March 04, 2024, BofA Securities Upgrade their ratings for the stock with a price target of $72. Stock get a Peer perform rating from Wolfe Research on March 01, 2024.

Most Popular

Related Posts