The Director Of International Business Machines Corporation (IBM) Purchased 80 Shares

At the last check on Friday, International Business Machines Corporation’s (NYSE:IBM) stock was down -$0.1, moving down -0.08 percent to $132.80. The average number of shares traded per day over the past five days has been 5,514,854 shares. 1 time new highs have been achieved over the past 5 days, with a -$5.73 fall in that time frame. In the last twenty days, the average volume was 6,322,333, while in the previous 50 days, it was 4,879,219.

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Since last month, IBM stock rose 5.49%. Shares of the company fell to $125.53 on 04/18/22, the lowest level in the past month. A 52-week high of $145.99 was reached on 01/05/22 after having rallying from a 52-week low of $114.56. Since the beginning of this year, IBM’s stock price has dropped by -0.57% or -$1.72, and marked a new high 3 times. However, the stock has declined by -9.03% since its 52-week high.

International Business Machines Corporation (IBM) last reported insider trading activity 151 days ago on Dec 13. HOWARD MICHELLE J, the Director of the company, purchased of 80 shares for $123.76 on Dec 13. It resulted in a $9,901 investment by the insider.

Valuation Metrics

Right now, International Business Machines Corporation (IBM) has a P/E ratio of about 23.78. The stock’s beta is 1.00. Besides these, the trailing price-to-sales (P/S) ratio of 2.02, the price-to-book (PB) ratio of 6.27.

The latest dividend of $1.65 per share was paid out, which is 0.61% more than last year’s $1.64. On Tuesday April 26 2022, a $0.01 dividend increase was announced.

Financial Health

In the three months ended March 30, International Business Machines Corporation’s quick ratio stood at 0.90, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 2.44, and the total debt-to-equity ratio was 2.85. On the profitability front, the trailing twelve-month gross margin is 54.50% percent. Based on annual data, IBM earned $31.49 billion in gross profit and brought in $57.35 billion in revenue.

In International Business Machines Corporation’s quarter-end financial report for March 30, it reported total debt of $46.55 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. IBM’s revenue fell -24.89% to $16.7 billion during the quarter, while net income inched up to $14.2 billion. While analysts expected International Business Machines Corporation to report $1.38 quarterly earnings, the actual figure was $1.4 per share, beating the consensus estimate by 1.40%. During the quarter, the company generated $2.31 billion in EBITDA. The liabilities of International Business Machines Corporation were 114.16 billion at the end of its most recent quarter ended March 30, and its total debt was $57.55 billion. The value of shareholders’ equity is $899.43 million.

Technical Picture

This quick technical analysis looks at International Business Machines Corporation’s (IBM) price momentum. With a historical volatility rate of 34.52%, the RSI 9-day stood at 46.56% on 12 May.

With respect to its five-day moving average, the current International Business Machines Corporation price is down by -4.16% percent or -$5.73. At present, IBM shares trade +4.25% above its 20-day simple moving average and +3.84% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.77% above its SMA50 and -7.04% below its SMA200.

Stochastic coefficient K was 29.69% and Stochastic coefficient D was 23.28%, while ATR was 3.55. Given the Stochastic reading of 30.68% for the 14-day period, the RSI (14) reading has been calculated as 48.68%. As of today, the MACD Oscillator reading stands at -1.77, while the 14-day reading stands at -2.06.

Analyst Ratings

Morgan Stanley upgraded its rating on International Business Machines Corporation (NYSE: IBM) to an Overweight in a note to investors on April 14, 2022. The analysts firm previously had an Equal-weight rating on the stock.International Business Machines Corporation (IBM) has been rated Hold by analysts. According to 2 brokerage firms, IBM is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate International Business Machines Corporation stock as buy, with 7 recommending it as overweight.

With a median target price of $145.00, the current consensus forecast for the stock is $115.00 – $185.00. Based on these forecasts, analysts predict International Business Machines Corporation (IBM) will achieve an average price target of $146.94.


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