International Business Machines Corp (IBM) concluded trading on Wednesday at a closing price of $214.60, with 4.56 million shares of worth about $978.85 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 23.55% during that period and on November 20, 2024 the price saw a gain of about 2.07%. Currently the company’s common shares owned by public are about 924.64M shares, out of which, 923.77M shares are available for trading.
Stock saw a price change of 1.74% in past 5 days and over the past one month there was a price change of -7.60%. Year-to-date (YTD), IBM shares are showing a performance of 31.21% which increased to 39.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $152.35 but also hit the highest price of $237.37 during that period. The average intraday trading volume for International Business Machines Corp shares is 3.97 million. The stock is currently trading 1.86% above its 20-day simple moving average (SMA20), while that difference is down -2.04% for SMA50 and it goes to 11.70% higher than SMA200.
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International Business Machines Corp (NYSE: IBM) currently have 924.64M outstanding shares and institutions hold larger chunk of about 62.10% of that.
The stock has a current market capitalization of $198.43B and its 3Y-monthly beta is at 0.71. PE ratio of stock for trailing 12 months is 31.23, while it has posted earnings per share of $6.87 in the same period. Its PEG reads 6.25 and has Quick Ratio of 0.98 while making debt-to-equity ratio of 2.46. 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 2.03% while standing at 1.76% over the month.
Stock’s fiscal year EPS is expected to rise by 6.12% while it is estimated to increase by 5.08% in next year. EPS is likely to grow at an annualized rate of 5.00% 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 DZ Bank on October 02, 2024 offering a Hold rating for the stock and assigned a target price of $215 to it. Coverage by Goldman stated International Business Machines Corp (IBM) stock as a Buy in their note to investors on June 24, 2024, suggesting a price target of $200 for the stock. On May 02, 2024, Exane BNP Paribas Initiated their recommendations, while on January 19, 2024, Evercore ISI Upgrade their ratings for the stock with a price target of $200. Stock get a Hold rating from Jefferies on January 05, 2024.
