Taking a Fresh Look at Ball Corporation (BLL)

Ball Corporation (BLL) is an interesting player in the Consumer Goods space, with a focus on Packaging & Containers. The stock has been active on the tape, currently trading at $38.38, up from yesterday’s close by 1.40%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Ball Corporation (BLL) currently trades with a market capitalization of $13.35 Billion. That value represents a market adjusting for revenues that have been growing by 5.67 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $762 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.52 on a per share basis this quarter. Perhaps, that suggests something about why 1.33% of the outstanding share supply is held by institutional investors.



Technical Analysis

It’s important to check the technicals to get a sense of how BLL has been acting. Looking at the stock’s movement on the chart, Ball Corporation recorded a 52-week high of $43.24. It is now trading 4.86% off that level. The stock is trading $39.54 its 50-day moving average by 1.16%. The stock carved out a 52-week low down at $35.65.

In recent action, Ball Corporation (BLL) has made a move of -1.31% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 21.04, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 5.77% with $347.27 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of BLL.

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