Currently, there are 918.60M common shares owned by the public and among those 917.72M shares have been available to trade.
The company’s stock has a 5-day price change of 1.83% and -8.58% over the past three months. IBM shares are trading 5.53% year to date (YTD), with the 12-month market performance up to 33.35% higher. It has a 12-month low price of $129.31 and touched a high of $199.18 over the same period. IBM has an average intraday trading volume of 3.95 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.97%, 0.81%, and 3.39% respectively.
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Institutional ownership of International Business Machines Corp. (NYSE: IBM) shares accounts for 61.05% of the company’s 918.60M shares outstanding.
It has a market capitalization of $158.55B and a beta (3y monthly) value of 0.70. The stock’s trailing 12-month PE ratio is 19.54, while the earnings-per-share (ttm) stands at $8.83. The company has a PEG of 6.11 and a Quick Ratio of 1.06 with the debt-to-equity ratio at 2.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.05% over the week and 1.64% over the month.
Earnings per share for the fiscal year are expected to increase by 3.34%, and 5.17% over the next financial year. EPS should grow at an annualized rate of 3.20% over the next five years, compared to -3.09% over the past 5-year period.
Looking at the support for the IBM, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on June 24, 2024, with the firm’s price target at $200. Exane BNP Paribas coverage for the International Business Machines Corp. (IBM) stock in a research note released on May 02, 2024 offered a Underperform rating with a price target of $145. Evercore ISI was of a view on January 19, 2024 that the stock is Outperform, while Jefferies gave the stock Hold rating on January 05, 2024, issuing a price target of $180. Societe Generale on their part issued Sell rating on January 05, 2024.
