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Tuesday, December 5, 2023

Is Ball Corp. (NYSE: BALL) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Ball Corp. (BALL) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.31, or -0.59%, to $52.65. The Ball Corp. has recorded 53,154 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Ball Reports Third Quarter 2023 Results.

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Stocks Info

This NYSE-listed company operates within the Packaging & Containers industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $52.96 and fluctuated between $53.44 as its day high and $51.65 as its day low. The current market capitalization of Ball Corp. is $16.70B. A total of 1.93 million shares were traded on the day, compared to an average of 2.06M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, BALL has seen 7 BUY and 6 SELL insider trades, representing the acquisition of 11,553 and the disposition of 6,867 shares. Over the last 12 months, there were 16 BUYs and 10 SELLs from insiders. Insiders purchased 57,437 shares during that period but sold 125,440.

In the most recent transaction, Goodwin Deron sold 500 shares of BALL for 52.85 per share on Aug 24. After the transaction, the Vice President & Treasurer now owns 12,001 company shares. In a previous transaction on Aug 23, Kaufman David A sold 3,820 shares at 52.41 per share. BALL shares that President, Ball Aerospace owns now total 8,861.

Among the insiders who sold shares, HAYES JOHN A disposed of 100,000 shares on Feb 06 at a per-share price of $58.40. This resulted in the Director holding 480,552 shares of BALL after the transaction. In another insider transaction, Fisher Daniel William bought 6,400 shares at $54.42 per share on Dec 05. Company shares held by the President & C.E.O. now total 107,997.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Ball Corp. pays an annual dividend of $0.80, resulting in a dividend yield of 1.51%, and it has a price to earnings (P/E) ratio of 27.60. BALL’s most recent ex-dividend date was 11/30/2023 when it declared a $0.20 quarterly dividend that was paid in cash on 12/15/2023. Previously, the company paid the dividend on 9/15/2023 with an ex-dividend date of 8/31/2023. The BALL stock dividend was $0.20 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for BALL in the last 3 months, the mean price target is $56.21 with high estimates of $75.00 and low estimates of $46.00. In terms of 52-week highs and lows, BALL has a high of $62.14 and a low of $42.81.

As of this writing, BALL has an earnings estimate of $0.77 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.93 per share and a lower estimate of $0.64. The company reported an EPS of $0.61 in the last quarter, which was -1.60% lower than expectations of $0.62.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. BALL’s latest balance sheet shows that the firm has $563.00M in Cash & Short Term Investments as of fiscal 2021. There were $7.74B in debt and $5.95B in liabilities at the time. Its Book Value Per Share was $12.49, while its Total Shareholder’s Equity was $3.69B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BALL is Buy with a score of 3.44.

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