International Business Machines Corp. (NYSE: IBM) is 15.26% higher on its value in year-to-date trading and has touched a low of $120.55 and a high of $199.18 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 $188.79 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $188.50, the stock is -1.78% and 1.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.23 million and changing -0.15% at the moment leaves the stock 20.86% off its SMA200. IBM registered 50.45% gain for a year compared to 6-month gain of 28.69%. The firm has a 50-day simple moving average (SMA 50) of $3.55 and a 200-day simple moving average (SMA200) of $14.93.
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The stock witnessed a 2.37% loss in the last 1 month and extending the period to 3 months gives it a 16.26%, and is -2.50% down 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 1.27% over the week and 1.78% over the month.
International Business Machines Corp. (IBM) has around 305300 employees, a market worth around $172.81B and $61.86B in sales. Current P/E ratio is 23.21 and Fwd P/E is 17.66. Profit margin for the company is 12.13%. Distance from 52-week low is 56.37% and -5.36% from its 52-week high. The company has generated returns on investments over the last 12 months (9.97%).
International Business Machines Corp. quarterly earnings per share for the current quarter are estimated at $1.47 with sales reaching $13.48B over the same period.The EPS is expected to grow by 4.69% this year, but quarterly earnings will post 3.10% year-over-year. Quarterly sales are estimated to shrink -5.40% in year-over-year returns.
International Business Machines Corp. (IBM) Top Institutional Holders
3,278 institutions hold shares in International Business Machines Corp. (IBM), with institutional investors hold 60.72% of the company’s shares. The shares outstanding are 916.75M, and float is at 915.86M with Short Float at 2.40%. Institutions hold 60.65% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 81.71 million shares valued at $10.93 billion. The investor’s holdings represent 8.97% of the IBM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 74.04 million shares valued at $9.91 billion to account for 8.13% of the shares outstanding. The other top investors are State Street Corporation which holds 54.44 million shares representing 5.98% and valued at over $7.28 billion, while Geode Capital Management, LLC holds 1.83% of the shares totaling 16.7 million with a market value of $2.23 billion.
International Business Machines Corp. (IBM) Insider Activity
The most recent transaction is an insider sale by BROWDY MICHELLE H,the company’sSenior Vice President. SEC filings show that BROWDY MICHELLE H sold 9,800 shares of the company’s common stock on Feb 01 ’24 at a price of $184.85 per share for a total of $1.81 million. Following the sale, the insider now owns 0.12 million shares.
