International Business Machines Corp. (NYSE: IBM) is 34.82% higher on its value in year-to-date trading and has touched a low of $135.87 and a high of $218.84 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 $217.70 in the last trading session, with the day’s gains setting it 2.8%.
Currently trading at $220.50, the stock is 6.94% and 12.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.93 million and changing 1.29% at the moment leaves the stock 21.76% off its SMA200. IBM registered 49.61% gain for a year compared to 6-month gain of 15.54%.
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The stock witnessed a 12.52% loss in the last 1 month and extending the period to 3 months gives it a 25.99%, and is 1.54% 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 2.32% over the week and 1.95% over the month.
International Business Machines Corp. (IBM) has around 305300 employees, a market worth around $203.11B and $62.37B in sales. Current P/E ratio is 24.30 and Fwd P/E is 20.75. Profit margin for the company is 13.52%. Distance from 52-week low is 62.29% and 0.76% from its 52-week high. The company has generated returns on investments over the last 12 months (10.60%).
The EPS is expected to grow by 5.10% this year.
International Business Machines Corp. (IBM) Top Institutional Holders
3431.0 institutions hold shares in International Business Machines Corp. (IBM), with institutional investors hold 61.62% of the company’s shares. The shares outstanding are 921.15M, and float is at 920.25M with Short Float at 2.24%. Institutions hold 61.55% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 89.13 million shares valued at $15.42 billion. The investor’s holdings represent 9.7181% of the IBM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 75.37 million shares valued at $13.04 billion to account for 8.2174 of the shares outstanding. The other top investors are STATE STREET CORP which holds 54.47 million shares representing 5.9388% and valued at over $9.42 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 2.2378 of the shares totaling 20.53 million with a market value of $3.54 billion.
International Business Machines Corp. (IBM) Insider Activity
The most recent transaction is an insider sale by BROWDY MICHELLE H, the company’s Senior 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.
