Watching International Business Machines Corporation (IBM) For Insider Activity

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International Business Machines Corporation (NYSE:IBM) finished Thursday with an addition of $0.38 to close at $125.31, an upside of 0.30 percent. An average of 4,818,960 shares of common stock have been traded in the last five days. There was a fall of -$0.18 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 3,768,885 shares traded, while the 50-day average volume stands at 4,710,322.

IBM stock has decreased by -7.00% in the last month. The company shares reached their 1-month lowest point of $123.83 on 09/16/22. With the stock rallying to its 52-week high on 06/06/22, shares of the company touched a low of $114.56 and a high of $144.73 in 52 weeks. It has reached a new high 5 times so far this year and lost -6.25% or -$8.35 in price. In spite of this, the price is down -13.42% from the 52-week high.


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Insider Transactions

113 days have passed since International Business Machines Corporation (IBM) last reported insider trading activity. Del Bene Robert F, who is VP, Controller, most recently acquired $1,600 shares at $139.04 per share on Jun 02. In this transaction, the insider spent $222,465. 10% Owner, INTERNATIONAL BUSINESS MACHINE, disposed of 22,301,536 shares at a price of $13.95 on May 19. The insider now owns more than $311,106,427 worth of shares.

Valuation Metrics

International Business Machines Corporation (IBM) has a trailing price-to-earnings (P/E) ratio of 19.85. The stock’s beta is 0.84. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.87, the price-to-book (PB) ratio at 5.82.

Financial Health

The quick ratio of International Business Machines Corporation for the three months ended June 29 was 0.80, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.28 and a total debt to equity ratio of 2.59 for the quarter ending June 29. Its gross profit as reported stood at $31.49 billion compared to revenue of $57.35 billion.

Earnings Surprise

For the three-month period that ended June 29, International Business Machines Corporation had $44.33 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.39 billion in the quarter, while revenues were grew 4.81%. The analyst consensus anticipated International Business Machines Corporation’s latest quarter earnings to come in at $2.27 per share, but it turned out to be $2.31, a 1.80% surprise. For the quarter, EBITDA amounted to $3.01 billion. Shareholders own equity worth $903.18 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at International Business Machines Corporation (IBM) price momentum. RSI 9-day as of the close on 22 September was 36.97%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.34%.

As of today, IBM’s price is $126.31 -0.14% or -$0.18 from its 5-day moving average. IBM is currently trading -5.94% lower than its 20-day SMA and -5.22% lower than its 100-day SMA. However, the stock’s current price level is -8.65% below the SMA50 and +4.50% above the SMA200.

The stochastic %K and %D were 23.51% and 34.35%, respectively, and the average true range (ATR) was 2.36. With the 14-day stochastic at 20.67% and the average true range at 2.33, the RSI (14) stands at 38.61%. The stock has reached -1.45 on the 9-day MACD Oscillator while the 14-day reading was at -1.81.

Analyst Ratings

The consensus rating for International Business Machines Corporation (IBM) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell IBM, while 9 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

What is IBM’s price target for the next 12 months?

Analysts predict a range of price targets between $115.00 and $163.00, with a median target of $140.50. Taking a look at these predictions, the average price target given by analysts for International Business Machines Corporation (IBM) stock is $141.90.

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