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Ball Corp’s Banking’s 100-Day Moving Average at 63.61: Will the Stock Break Through?

The market performance of Ball Corp has been somewhat stable. Over the past year, the company’s stock achieved a high of $71.32 on 04/30/24, with the lowest value for the same timeframe being $54.06, recorded on 01/19/24.

52-week price history of BALL Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Ball Corp’s current trading price is -19.57% away from its 52-week high, while its distance from the 52-week low is 6.10%. The stock’s price range during this period has fluctuated between $54.06 and $71.32. Shares of the company, which operates in the Consumer Cyclical sector, recorded a trading volume of around 1.75 million for the day, which was evidently higher than the average daily volume of 1.62 million over the last three months.

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Financial Performance and Market Capitalization

Ball Corp (BALL) has experienced a quarterly decline of -10.79% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 17.12B and boasts a workforce of 21000 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 63.61, with a change in price of -4.74. Similarly, Ball Corp recorded 1,580,962 in trading volume during the last 100 days, posting a change of -7.63%.

BALL Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for BALL stands at 0.92. Similarly, the long-term debt-to-equity ratio is also 0.84.

BALL Stock Stochastic Average

Ball Corp’s raw stochastic average for the past 50 days is currently at 0.37%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 0.66%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 37.45% and 60.72%, respectively.

BALL Stock Price Performance Analysis

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a loss of -0.28%.However, over the last six months, we can see a stronger performance of -17.81%. Over the last 30 days, the price of BALL has leaped by -4.37%. And in the last five days, it has fallen by -8.37%.

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