Ball Corp. (NYSE: BALL) is 12.38% higher on its value in year-to-date trading and has touched a low of $42.81 and a high of $71.32 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BALL stock was last observed hovering at around $64.47 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $64.64, the stock is -2.41% and -0.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing 0.26% at the moment leaves the stock 1.39% off its SMA200. BALL registered 40.55% gain for a year compared to 6-month gain of -1.34%. The firm has a 50-day simple moving average (SMA 50) of $64.7562 and a 200-day simple moving average (SMA200) of $63.75695.
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The stock witnessed a -1.51% loss in the last 1 month and extending the period to 3 months gives it a 5.78%, and is -2.09% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.75% over the week and 1.50% over the month.
Ball Corp. (BALL) has around 21000 employees, a market worth around $19.62B and $12.78B in sales. Fwd P/E is 18.25. Profit margin for the company is -3.87%. Distance from 52-week low is 50.99% and -9.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.90%).
with sales reaching $3.14B over the same period.The EPS is expected to grow by 7.22% this year, but quarterly earnings will post -14.10% year-over-year. Quarterly sales are estimated to shrink -12.10% in year-over-year returns.
Ball Corp. (BALL) Top Institutional Holders
1051.0 institutions hold shares in Ball Corp. (BALL), with institutional investors hold 86.80% of the company’s shares. The shares outstanding are 315.69M, and float is at 301.72M with Short Float at 1.91%. Institutions hold 86.47% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 35.31 million shares valued at $2.12 billion. The investor’s holdings represent 11.2103% of the BALL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 22.21 million shares valued at $1.33 billion to account for 7.0531 of the shares outstanding. The other top investors are PARNASSUS INVESTMENTS, LLC which holds 20.68 million shares representing 6.5651% and valued at over $1.24 billion, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 5.5761 of the shares totaling 17.56 million with a market value of $1.05 billion.
Ball Corp. (BALL) Insider Activity
The most recent transaction is an insider sale by Mariani Pedro Henrique, the company’s Director. SEC filings show that Mariani Pedro Henrique sold 5,000 shares of the company’s common stock on May 17 ’24 at a price of $69.90 per share for a total of $0.35 million. Following the sale, the insider now owns 9844.0 shares.
Ball Corp. disclosed in a document filed with the SEC on Mar 14 ’24 that Fisher Daniel William (President & C.E.O.) bought a total of 3,869 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $64.56 per share for $0.25 million. Following the transaction, the insider now directly holds 0.11 million shares of the BALL stock.
Still, SEC filings show that on Nov 21 ’23, Lewis Ronald J. (SR VP & COO) acquired 4,637 shares at an average price of $53.91 for $0.25 million. The insider now directly holds 29,797 shares of Ball Corp. (BALL).
