International Business Machines Corp (IBM) concluded trading on Thursday at a closing price of $222.66, with 3.33 million shares of worth about $740.86 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.78% during that period and on January 16, 2025 the price saw a gain of about 1.20%. Currently the company’s common shares owned by public are about 924.65M shares, out of which, 923.82M shares are available for trading.
Stock saw a price change of -0.23% in past 5 days and over the past one month there was a price change of -3.54%. Year-to-date (YTD), IBM shares are showing a performance of 1.29% which increased to 33.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $162.62 but also hit the highest price of $239.35 during that period. The average intraday trading volume for International Business Machines Corp shares is 4.11 million. The stock is currently trading 0.29% above its 20-day simple moving average (SMA20), while that difference is up 0.49% for SMA50 and it goes to 11.98% higher than SMA200.
International Business Machines Corp (NYSE: IBM) currently have 924.65M outstanding shares and institutions hold larger chunk of about 62.08% of that.
The stock has a current market capitalization of $205.88B and its 3Y-monthly beta is at 0.74. PE ratio of stock for trailing 12 months is 32.41, while it has posted earnings per share of $6.87 in the same period. Its PEG reads 7.36 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 2.12% while standing at 1.85% over the month.
Analysts are in expectations that International Business Machines Corp (IBM) stock would likely to be making an EPS of 3.79 in the current quarter, while forecast for next quarter EPS is 1.58 and it is 10.73 for next year. For the current quarter EPS, analysts have given the company a lowest target 3.71 which is 4.04 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 3.87 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 6.17% while it is estimated to increase by 5.08% 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.
