International Business Machines Corp (IBM) concluded trading on Thursday at a closing price of $223.92, with 4.38 million shares of worth about $981.1 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.84% during that period and on December 19, 2024 the price saw a gain of about 1.70%. Currently the company’s common shares owned by public are about 924.65M shares, out of which, 923.77M shares are available for trading.
Stock saw a price change of -3.59% in past 5 days and over the past one month there was a price change of 6.50%. Year-to-date (YTD), IBM shares are showing a performance of 36.91% which increased to 38.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $157.88 but also hit the highest price of $239.35 during that period. The average intraday trading volume for International Business Machines Corp shares is 4.20 million. The stock is currently trading -2.10% below its 20-day simple moving average (SMA20), while that difference is up 0.70% for SMA50 and it goes to 14.03% higher than SMA200.
International Business Machines Corp (NYSE: IBM) currently have 924.65M outstanding shares and institutions hold larger chunk of about 62.10% of that.
The stock has a current market capitalization of $207.05B and its 3Y-monthly beta is at 0.73. PE ratio of stock for trailing 12 months is 32.59, while it has posted earnings per share of $6.87 in the same period. Its PEG reads 7.40 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 2.01% while standing at 2.08% over the month.
Stock’s fiscal year EPS is expected to rise by 6.08% while it is estimated to increase by 5.13% in next year. EPS is likely to grow at an annualized rate of 4.40% 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.
