International Business Machines Corporation (NYSE:IBM) finished Thursday with an addition of $0.14 to close at $143.55, an upside of 0.10 percent. An average of 3,174,000 shares of common stock have been traded in the last five days. There was a gain of $2.89 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 4,048,390 shares traded, while the 50-day average volume stands at 4,310,564.
IBM stock has increased by 1.76% in the last month. The company shares reached their 1-month lowest point of $139.04 on 07/25/23. With the stock rallying to its 52-week high on 01/17/23, shares of the company touched a low of $115.54 and a high of $153.21 in 52 weeks. It has reached a new high 7 times so far this year and achieved 1.89% or $2.66 in price. In spite of this, the price is down -6.31% from the 52-week high.
Insider Transactions
IBM stock investors should be aware that International Business Machines Corporation (IBM) stock had its last reported insider trading activity 205 days ago on Feb 01. In this transaction, the insider spent $5,151,038. VP, Controller, Del Bene Robert F, disposed of 3,000 shares at a price of $148.36 on Nov 22. The insider now owns more than $445,088 worth of shares.
Valuation Metrics
International Business Machines Corporation (IBM) has a trailing price-to-earnings (P/E) ratio of 69.99. The stock’s beta is 0.84. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.15, the price-to-book (PB) ratio at 5.88, and the price-to-cash flow ratio at 12.63.
The company has a payout ratio of 298.00%. The company’s most recent quarterly dividend payment was $1.66 a share, without any change from last year. Its latest increase dividend $0.01 reported on Tuesday April 25 2023.
Financial Health
The quick ratio of International Business Machines Corporation for the recent quarter was 1.00, and the current ratio was 1.10, indicating that the company is 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 recent quarter. Its gross profit as reported stood at $32.69 billion compared to revenue of $60.53 billion.
Earnings Surprise
For the recent quarter, International Business Machines Corporation had $50.69 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 $1.58 billion in the quarter, while revenues were grew 12.07%. Shareholders own equity worth $911.01 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 24 August was 60.32%, suggesting the stock is Neutral, with historical volatility in this time frame at 10.92%.
As of today, IBM’s price is $142.43 +2.05% or $2.89 from its 5-day moving average. IBM is currently trading +0.41% higher than its 20-day SMA and +9.50% higher than its 100-day SMA. However, the stock’s current price level is +4.32% above the SMA50 and +4.81% above the SMA200.
The stochastic %K and %D were 45.35% and 37.87%, respectively, and the average true range (ATR) was 1.78. With the 14-day stochastic at 56.23% and the average true range at 1.83, the RSI (14) stands at 60.10%. The stock has reached 0.90 on the 9-day MACD Oscillator while the 14-day reading was at 0.09.
Analyst Ratings
BMO Capital Markets reiterated its a Market perform rating on International Business Machines Corporation (NYSE: IBM), but raised their price target to $145, indicating a potential price increase of 1.0% for the stock. The consensus rating for International Business Machines Corporation (IBM) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell IBM, while 12 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 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 $110.00 and $175.00, with a median target of $145.00. Taking a look at these predictions, the average price target given by analysts for International Business Machines Corporation (IBM) stock is $145.73.
