In yesterday’s Wall Street session, Ball Corp. (NYSE:BALL) shares traded at $60.43, down -2.94% from the previous session.
BALL stock price is now -10.94% away from the 50-day moving average and 2.67% away from the 200-day moving average. The market capitalization of the company currently stands at $18.76B.
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With the price target enhanced from $66 to $71, Barclays Downgraded its rating from Overweight to Equal Weight for Ball Corp. (NYSE: BALL). , while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Mariani Pedro Henrique, Director sold 5,000 shares of the company’s stock on May 17 ’24. The stock was sold for $349,486 at an average price of $69.90. Upon completion of the transaction, the Director now directly owns 9,844 shares in the company, valued at $0.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’24, President & C.E.O. Fisher Daniel William bought 3,869 shares of the business’s stock. A total of $249,767 was incurred on buying the stock at an average price of $64.56. This leaves the insider owning 111,866 shares of the company worth $6.76 million. A total of 0.59% of the company’s stock is owned by insiders.
During the past 12 months, Ball Corp. has had a low of $42.81 and a high of $71.32. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 1.21, and a quick ratio of 0.93. The fifty day moving average price for BALL is $67.7108 and a two-hundred day moving average price translates $58.8881 for the stock.
The latest earnings results from Ball Corp. (NYSE: BALL) was released for 2024-03-31. The net profit margin was -3.60% and return on equity was 11.11% for BALL. The company reported revenue of $2.87 billion for the quarter, compared to $2.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.59 percent.
