International Business Machines Corp. (IBM) concluded trading on Thursday at a closing price of $186.87, with 4.71 million shares of worth about $880.39 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 32.87% during that period and on Thursday the price saw a gain of about 1.80%. Currently the company’s common shares owned by public are about 913.12M shares, out of which, 912.34M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 56 times over the past 12 months. They bought 88,650 shares in 28 of the transactions. In 28 selling transactions, insiders dumped 43,774 shares.
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Stock saw a price change of 1.36% in past 5 days and over the past one month there was a price change of 12.52%. Year-to-date (YTD), IBM shares are showing a performance of 14.26% which increased to 37.39% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $120.55 but also hit the highest price of $196.90 during that period. The average intraday trading volume for International Business Machines Corp. shares is 4.88 million. The stock is currently trading 2.59% above its 20-day simple moving average (SMA20), while that difference is up 9.78% for SMA50 and it goes to 26.79% higher than SMA200.
International Business Machines Corp. (NYSE: IBM) currently have 913.12M outstanding shares and institutions hold larger chunk of about 60.04% of that.
The stock has a current market capitalization of $170.63B and its 3Y-monthly beta is at 0.71. PE ratio of stock for trailing 12 months is 23.00, while it has posted earnings per share of $8.13 in the same period. Its PEG reads 8.21 and has Quick Ratio of 0.90 while making debt-to-equity ratio of 2.66. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IBM, volatility over the week remained 1.56% while standing at 1.77% over the month.
Analysts are in expectations that International Business Machines Corp. (IBM) stock would likely to be making an EPS of $iShares Russell 2000 ETF in the current quarter, while forecast for next quarter EPS is $204.44 and it is $ETF for next year. For the current quarter EPS, analysts have given the company a lowest target $Iron Mountain Incorporated (Del which is $iShares Biotechnology ETF at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $ICICI Bank Limited in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 4.68% while it is estimated to increase by 5.82% in next year. EPS is likely to grow at an annualized rate of 2.80% for next 5-years, compared to annual growth of -3.08% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Evercore ISI on January 19, 2024 offering an Outperform rating for the stock and assigned a target price range of between $165 and $200 to it.
