Ball Corp (NYSE: BALL) is -12.77% lower on its value in year-to-date trading and has touched a low of $43.51 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 $45.96 in the last trading session, with the day’s gains setting it 2.13%.
Currently trading at $48.09, the stock is -4.11% and -5.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.24 million and changing 4.63% at the moment leaves the stock -18.15% off its SMA200. BALL registered -27.98% loss for a year compared to 6-month loss of -25.79%. The firm has a 50-day simple moving average (SMA 50) of $51.006 and a 200-day simple moving average (SMA200) of $58.7571.
The stock witnessed a -5.65% gain in the last 1 month and extending the period to 3 months gives it a -7.54%, and is -1.05% 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 6.75% over the week and 3.13% over the month.
Ball Corp (BALL) has around 16000 employees, a market worth around $13.58B and $11.80B in sales. Fwd P/E is 12.28. Profit margin for the company is -5.31%. Distance from 52-week low is 10.53% and -32.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.47%).
The EPS is expected to grow by 10.58% this year.
Ball Corp (BALL) Top Institutional Holders
1036.0 institutions hold shares in Ball Corp (BALL), with institutional investors hold 88.81% of the company’s shares. The shares outstanding are 289.38M, and float is at 281.11M with Short Float at 2.55%. Institutions hold 88.57% 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 7.1826 of the shares outstanding. The other top investors are PARNASSUS INVESTMENTS, LLC which holds 20.68 million shares representing 6.6857% and valued at over $1.24 billion, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 5.6786 of the shares totaling 17.56 million with a market value of $1.05 billion.
Ball Corp (BALL) Insider Activity
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Ball Corp disclosed in a document filed with the SEC on Jun 10 ’24 that Glew Mandy (SVP and President, EMEA) bought a total of 563 shares of the company’s common stock. The trade occurred on Jun 10 ’24 and was made at $68.15 per share for $38367.0. Following the transaction, the insider now directly holds 3563.0 shares of the BALL stock.
Still, SEC filings show that on Nov 20 ’24, Fisher Daniel William (President & C.E.O.) disposed off 5,802 shares at an average price of $59.77 for $0.35 million. The insider now directly holds 118,043 shares of Ball Corp (BALL).
