International Business Machines Corp. (IBM) concluded trading on Wednesday at a closing price of $192.14, with 5.54 million shares of worth about $1.06 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.27% during that period and on July 31, 2024 the price saw a gain of about 0.58%. Currently the company’s common shares owned by public are about 918.60M shares, out of which, 917.72M shares are available for trading.
Stock saw a price change of 4.41% in past 5 days and over the past one month there was a price change of 9.73%. Year-to-date (YTD), IBM shares are showing a performance of 17.48% which increased to 33.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $135.87 but also hit the highest price of $199.18 during that period. The average intraday trading volume for International Business Machines Corp. shares is 3.63 million. The stock is currently trading 4.84% above its 20-day simple moving average (SMA20), while that difference is up 9.54% for SMA50 and it goes to 12.03% higher than SMA200.
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International Business Machines Corp. (NYSE: IBM) currently have 918.60M outstanding shares and institutions hold larger chunk of about 61.57% of that.
The stock has a current market capitalization of $176.50B and its 3Y-monthly beta is at 0.69. PE ratio of stock for trailing 12 months is 21.18, while it has posted earnings per share of $9.07 in the same period. Its PEG reads 5.43 and has Quick Ratio of 1.05 while making debt-to-equity ratio of 2.49. 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 2.90% while standing at 1.97% over the month.
Stock’s fiscal year EPS is expected to rise by 4.90% while it is estimated to increase by 5.08% in next year. EPS is likely to grow at an annualized rate of 3.90% for next 5-years, compared to annual growth of -3.09% 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 Goldman on June 24, 2024 offering a Buy rating for the stock and assigned a target price of $200 to it. Coverage by Exane BNP Paribas stated International Business Machines Corp. (IBM) stock as an Underperform in their note to investors on May 02, 2024, suggesting a price target of $145 for the stock. On January 19, 2024, Evercore ISI Upgrade their recommendations, while on January 05, 2024, Jefferies Initiated their ratings for the stock with a price target of $180. Stock get a Sell rating from Societe Generale on January 05, 2024.
