International Business Machines Corp. (NYSE: IBM) is 12.35% 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 $181.25 in the last trading session, with the day’s gains setting it 2.5%.
Currently trading at $183.75, the stock is -2.83% and -2.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.47 million and changing 1.38% at the moment leaves the stock 15.06% off its SMA200. IBM registered 43.40% gain for a year compared to 6-month gain of 32.71%.
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The stock witnessed a -3.83% loss in the last 1 month and extending the period to 3 months gives it a 10.06%, and is -2.94% 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 1.92% over the week and 1.55% over the month.
International Business Machines Corp. (IBM) has around 305300 employees, a market worth around $168.45B and $61.86B in sales. Current P/E ratio is 22.62 and Fwd P/E is 17.22. Profit margin for the company is 12.13%. Distance from 52-week low is 52.43% and -7.75% from its 52-week high. The company has generated returns on investments over the last 12 months (9.97%).
The EPS is expected to grow by 4.53% this year.
International Business Machines Corp. (IBM) Top Institutional Holders
The shares outstanding are 916.75M, and float is at 915.86M with Short Float at 2.54%.
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.
