International Business Machines Corp. (IBM) – The -11.79% Downside Potential Remains

International Business Machines Corp. (NYSE: IBM) is 15.84% higher on its value in year-to-date trading and has touched a low of $120.55 and a high of $166.34 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IBM stock was last observed hovering at around $162.14 in the last trading session, with the day’s gains setting it 1.07% off its average median price target of $146.00 for the next 12 months. It is also 22.28% off the consensus price target high of $210.00 offered by 18 analysts, but current levels are -48.37% lower than the price target low of $110.00 for the same period.

Currently trading at $163.21, the stock is 1.50% and 7.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.77 million and changing 0.66% at the moment leaves the stock 17.20% off its SMA200. IBM registered 15.85% gain for a year compared to 6-month gain of 23.33%. The firm has a 50-day simple moving average (SMA 50) of $3.21 and a 200-day simple moving average (SMA200) of $13.90.

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The stock witnessed a 5.17% loss in the last 1 month and extending the period to 3 months gives it a 13.94%, and is 0.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.87% over the week and 1.18% over the month.

International Business Machines Corp. (IBM) has around 311300 employees, a market worth around $149.03B and $61.17B in sales. Current P/E ratio is 21.66 and Fwd P/E is 16.37. Profit margin for the company is 11.32%. Distance from 52-week low is 35.39% and -1.88% from its 52-week high. The company has generated returns on investments over the last 12 months (9.31%).

International Business Machines Corp. (IBM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for International Business Machines Corp. (IBM) is a “Hold”. 18 analysts offering their recommendations for the stock have an average rating of 2.67, where 9 rate it as a Hold and 1 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

International Business Machines Corp. is expected to release its quarterly report on 01/24/2024.The EPS is expected to grow by 4.32% this year.

International Business Machines Corp. (IBM) Top Institutional Holders

The shares outstanding are 913.12M, and float is at 912.47M with Short Float at 2.96%.

International Business Machines Corp. (IBM) Insider Activity

A total of 2 insider transactions have happened at International Business Machines Corp. (IBM) in the last six months, with sales accounting for 1 and purchases happening 1 times. The most recent transaction is an insider sale by KAVANAUGH JAMES J,the company’sSr. VP and CFO. SEC filings show that KAVANAUGH JAMES J sold 38,519 shares of the company’s common stock on Feb 01 at a price of $133.73 per share for a total of $5.15 million. Following the sale, the insider now owns 74467.0 shares.

International Business Machines Corp. (IBM): Who are the competitors?

The company’s main competitors (and peers) include Microsoft Corp. (MSFT) that is trading 56.94% up over the past 12 months. Alphabet Inc. Cl C (GOOG) that is 59.02% higher over the same period.