Ball Corp (BALL) Outlook Starting To Look Brighter?

Ball Corp (BALL) concluded trading on Thursday at a closing price of $57.55, with 5.23 million shares of worth about $300.97 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -17.54% during that period and on December 05, 2024 the price saw a loss of about -5.75%. Currently the company’s common shares owned by public are about 300.04M shares, out of which, 297.25M shares are available for trading.

Stock saw a price change of -8.07% in past 5 days and over the past one month there was a price change of -4.05%. Year-to-date (YTD), BALL shares are showing a performance of 0.05% which increased to 2.29% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $54.06 but also hit the highest price of $71.32 during that period. The average intraday trading volume for Ball Corp shares is 1.62 million. The stock is currently trading -5.93% below its 20-day simple moving average (SMA20), while that difference is down -8.99% for SMA50 and it goes to -10.94% lower than SMA200.

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Ball Corp (NYSE: BALL) currently have 300.04M outstanding shares and institutions hold larger chunk of about 84.83% of that.

The stock has a current market capitalization of $17.17B and its 3Y-monthly beta is at 0.92. It has posted earnings per share of -$1.57 in the same period. It has Quick Ratio of 0.82 while making debt-to-equity ratio of 0.92. 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 3.03% while standing at 2.09% over the month.

Stock’s fiscal year EPS is expected to rise by 8.06% while it is estimated to increase by 12.92% in next year. EPS is likely to shrink at an annualized rate of 9.30% 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 Morgan Stanley on September 04, 2024 offering an Overweight rating for the stock and assigned a target price range of between $69 and $78 to it. Coverage by Robert W. Baird stated Ball Corp (BALL) stock as an Outperform in their note to investors on August 14, 2024, suggesting a price target of $70 for the stock. On June 25, 2024, Truist Upgrade their recommendations, while on April 04, 2024, Barclays Downgrade their ratings for the stock with a price target of $71. Stock get a Neutral rating from Citigroup on March 27, 2024.

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