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Will Ball Corp (BALL) benefit from Wall Street bulls Calls?

Ball Corp (NYSE: BALL) is -2.99% lower on its value in year-to-date trading and has touched a low of $54.06 and a high of $71.32 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BALL stock was last observed hovering at around $55.36 in the last trading session, with the day’s gains setting it 0.44%.

Currently trading at $55.80, the stock is -5.65% and -8.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.67 million and changing 0.79% at the moment leaves the stock -13.18% off its SMA200. BALL registered 0.18% gain for a year compared to 6-month loss of -9.39%. The firm has a 50-day simple moving average (SMA 50) of $61.2926 and a 200-day simple moving average (SMA200) of $64.271.

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The stock witnessed a -7.65% gain in the last 1 month and extending the period to 3 months gives it a -17.01%, and is -4.19% 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 2.59% over the week and 2.34% over the month.

Ball Corp (BALL) has around 21000 employees, a market worth around $16.78B and $12.32B in sales. Fwd P/E is 15.77. Profit margin for the company is -4.06%. Distance from 52-week low is 3.22% and -21.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.07%).

with sales reaching $2.95B over the same period.The EPS is expected to grow by 8.06% this year, but quarterly earnings will post -15.16% year-over-year. Quarterly sales are estimated to shrink -13.41% in year-over-year returns.

Ball Corp (BALL) Top Institutional Holders

1054.0 institutions hold shares in Ball Corp (BALL), with institutional investors hold 86.78% of the company’s shares. The shares outstanding are 300.04M, and float is at 297.23M with Short Float at 2.24%. Institutions hold 86.44% 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 Fisher Daniel William, the company’s President & C.E.O. SEC filings show that Fisher Daniel William sold 5,802 shares of the company’s common stock on Nov 20 ’24 at a price of $59.77 per share for a total of $0.35 million. Following the sale, the insider now owns 0.12 million shares.

Still, SEC filings show that on May 17 ’24, Mariani Pedro Henrique (Director) disposed off 5,000 shares at an average price of $69.90 for $0.35 million. The insider now directly holds 9,844 shares of Ball Corp (BALL).

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