Ball Corp [NYSE: BALL] loss -5.75% or -3.51 points to close at $57.55 with a heavy trading volume of 5229640 shares.
The daily chart for BALL points out that the company has recorded -17.54% loss over the past six months.
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If we look at the average trading volume of 1.62M shares, BALL reached to a volume of 5229640 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Ball Corp [BALL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BALL shares is $71.77 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BALL stock is a recommendation set at 2.22. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Ball Corp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 04, 2024. The new note on the price target was released on August 14, 2024, representing the official price target for Ball Corp stock. Previously, the target price had yet another raise from $67 to $76, while Truist kept a Buy rating on BALL stock. On April 04, 2024, analysts increased their price target for BALL shares from 66 to 71.
The Average True Range (ATR) for Ball Corp is set at 1.43, with the Price to Sales ratio for BALL stock in the period of the last 12 months amounting to 1.39. The Price to Book ratio for the last quarter was 2.58, with the Price to Cash per share for the same quarter was set at 4.84.
Trading performance analysis for BALL stock
Ball Corp [BALL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.07. With this latest performance, BALL shares dropped by -4.05% in over the last four-week period, additionally sinking by -17.54% over the last 6 months – not to mention a rise of 2.29% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BALL stock in for the last two-week period is set at 31.43, with the RSI for the last a single of trading hit 25.54, and the three-weeks RSI is set at 35.00 for Ball Corp [BALL]. The present Moving Average for the last 50 days of trading for this stock 63.24, while it was recorded at 61.15 for the last single week of trading, and 64.62 for the last 200 days.
Ball Corp [BALL]: A deeper dive into fundamental analysis
Ball Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.82 and a Current Ratio set at 1.09.
Ball Corp [BALL]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Ball Corp posted 0.78/share EPS, while the average EPS was predicted by analysts to be reported at 0.75/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BALL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ball Corp go to 9.30%.
An analysis of Institutional ownership at Ball Corp [BALL]
There are presently around $86.44%, or 86.78%% of BALL stock, in the hands of institutional investors. The top three institutional holders of BALL stocks are: VANGUARD GROUP INC with ownership of 35.31 million shares, which is approximately 11.2103%. BLACKROCK INC., holding 22.21 million shares of the stock with an approximate value of $$1.33 billion in BALL stocks shares; and BLACKROCK INC., currently with $$1.24 billion in BALL stock with ownership which is approximately 6.5651%.
