Currently, there are 924.64M common shares owned by the public and among those 923.71M shares have been available to trade.
The company’s stock has a 5-day price change of 16.33% and 27.25% over the past three months. IBM shares are trading 18.61% year to date (YTD), with the 12-month market performance up to 41.96% higher. It has a 12-month low price of $162.62 and touched a high of $261.80 over the same period. IBM has an average intraday trading volume of 4.12 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 14.20%, 14.93%, and 29.43% respectively.
Institutional ownership of International Business Machines Corp (NYSE: IBM) shares accounts for 62.02% of the company’s 924.64M shares outstanding.
It has a market capitalization of $241.08B and a beta (3y monthly) value of 0.75. The stock’s trailing 12-month PE ratio is 40.64, while the earnings-per-share (ttm) stands at $6.41. The company has a PEG of 8.97 and a Quick Ratio of 0.97 with the debt-to-equity ratio at 2.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.31% over the week and 2.17% over the month.
Earnings per share for the fiscal year are expected to increase by 3.33%, and 6.18% over the next financial year. EPS should grow at an annualized rate of 4.53% over the next five years, compared to -9.45% over the past 5-year period.
DZ Bank coverage for the International Business Machines Corp (IBM) stock in a research note released on October 02, 2024 offered a Hold rating with a price target of $215. Goldman was of a view on June 24, 2024 that the stock is Buy, while Exane BNP Paribas gave the stock Underperform rating on May 02, 2024, issuing a price target of $145. Evercore ISI on their part issued Outperform rating on January 19, 2024.
