International Business Machines Corp (NYSE: IBM) is -0.04% lower on its value in year-to-date trading and has touched a low of $159.51 and a high of $239.35 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IBM stock was last observed hovering at around $223.18 in the last trading session, with the day’s loss setting it -3.43%.
Currently trading at $219.75, the stock is -2.01% and -0.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.53 million and changing -1.54% at the moment leaves the stock 10.84% off its SMA200. IBM registered 37.28% gain for a year compared to 6-month gain of 23.24%. The firm has a 50-day simple moving average (SMA 50) of $220.6342 and a 200-day simple moving average (SMA200) of $198.2558.
The stock witnessed a -4.46% loss in the last 1 month and extending the period to 3 months gives it a -6.21%, and is -0.09% 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 1.84% over the week and 1.83% over the month.
International Business Machines Corp (IBM) has around 305300 employees, a market worth around $203.19B and $62.58B in sales. Current P/E ratio is 31.98 and Fwd P/E is 20.45. Profit margin for the company is 10.22%. Distance from 52-week low is 37.77% and -8.19% from its 52-week high. The company has generated returns on investments over the last 12 months (7.98%).
with sales reaching $17.6B over the same period.The EPS is expected to grow by 6.13% this year, but quarterly earnings will post 1.56% year-over-year. Quarterly sales are estimated to grow 1.26% in year-over-year returns.
International Business Machines Corp (IBM) Top Institutional Holders
3603.0 institutions hold shares in International Business Machines Corp (IBM), with institutional investors hold 62.77% of the company’s shares. The shares outstanding are 924.65M, and float is at 923.82M with Short Float at 2.36%. Institutions hold 62.69% 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 purchase by ZOLLAR ALFRED W, the company’s Director. SEC filings show that ZOLLAR ALFRED W bought 936 shares of the company’s common stock on Nov 13 ’24 at a price of $210.62 per share for a total of $0.2 million. Following the purchase, the insider now owns 936.0 shares.
International Business Machines Corp disclosed in a document filed with the SEC on Nov 08 ’24 that LAMOREAUX NICKLE JACLYN (Senior Vice President) sold a total of 3,600 shares of the company’s common stock. The trade occurred on Nov 08 ’24 and was made at $215.20 per share for $0.77 million. Following the transaction, the insider now directly holds 25390.0 shares of the IBM stock.
Still, SEC filings show that on Feb 01 ’24, BROWDY MICHELLE H (Senior Vice President) disposed off 9,800 shares at an average price of $184.85 for $1.81 million. The insider now directly holds 119,498 shares of International Business Machines Corp (IBM).
