Saturday, November 28, 2020

International Business Machines Corporation [IBM] is -9.05% lower this YTD. Is it still time to buy?

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International Business Machines Corporation [NYSE: IBM] jumped around 3.9 points on Friday, while shares priced at $121.91 at the close of the session, up 3.30%. International Business Machines Corporation stock is now -9.05% down from its year-to-date (YTD) trading value. IBM Stock saw the intraday high of $123.12 and lowest of $119.28 per share. The company’s 52-week high price is 158.75, which means current price is +34.62% above from all time high which was touched on 02/06/20.

Compared to the average trading volume of 6.17M shares, IBM reached a trading volume of 5989741 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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What do top market gurus say about International Business Machines Corporation [IBM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IBM shares is $127.29 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IBM stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for International Business Machines Corporation shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on April 21, 2020. The new note on the price target was released on February 03, 2020, representing the official price target for International Business Machines Corporation stock. Previously, the target price had yet another drop from $170 to $155, while Morgan Stanley kept a Equal-Weight rating on IBM stock.

The Average True Range (ATR) for International Business Machines Corporation is set at 3.89, with the Price to Sales ratio for IBM stock in the period of the last 12 months amounting to 1.37. The Price to Book ratio for the last quarter was 5.41, with the Price to Cash per share for the same quarter was set at 13.80. Price to Free Cash Flow for IBM in the course of the last twelve months was 16.47 with Quick ratio for the last quarter at 0.90.

How has IBM stock performed recently?

International Business Machines Corporation [IBM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.69. With this latest performance, IBM shares gained by 5.34% in over the last four-week period, additionally sinking by -8.86% over the last 6 months – not to mention a drop of -10.20% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IBM stock in for the last two-week period is set at 46.84, with the RSI for the last a single of trading hit 43.18, and the three-weeks RSI is set at 48.31 for International Business Machines Corporation [IBM]. The present Moving Average for the last 50 days of trading for this stock 121.95, while it was recorded at 127.48 for the last single week of trading, and 131.74 for the last 200 days.

International Business Machines Corporation [IBM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and International Business Machines Corporation [IBM] shares currently have an operating margin of +13.76 and a Gross Margin at +45.87. International Business Machines Corporation’s Net Margin is presently recorded at +12.23.

Return on Total Capital for IBM is now 13.98, given the latest momentum, and Return on Invested Capital for the company is 14.38. Return on Equity for this stock inclined to 50.14, with Return on Assets sitting at 6.85. When it comes to the capital structure of this company, International Business Machines Corporation [IBM] has a Total Debt to Total Equity ratio set at 327.04. Additionally, IBM Total Debt to Total Capital is recorded at 76.58, with Total Debt to Total Assets ending up at 44.79. Long-Term Debt to Equity for the company is recorded at 278.21, with the Long-Term Debt to Total Capital now at 65.15.

Reflecting on the efficiency of the workforce at the company, International Business Machines Corporation [IBM] managed to generate an average of $24,583 per employee. Receivables Turnover for the company is 2.80 with a Total Asset Turnover recorded at a value of 0.56.International Business Machines Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.00.

Earnings analysis for International Business Machines Corporation [IBM]

With the latest financial reports released by the company, International Business Machines Corporation posted 3.17/share EPS, while the average EPS was predicted by analysts to be reported at 3.07/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IBM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for International Business Machines Corporation go to 3.92%.

Insider trade positions for International Business Machines Corporation [IBM]

There are presently around $62,814 million, or 59.00% of IBM stock, in the hands of institutional investors. The top three institutional holders of IBM stocks are: VANGUARD GROUP INC with ownership of 75,947,436, which is approximately 3.42% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 62,052,735 shares of the stock with an approximate value of $7.56 billion in IBM stocks shares; and STATE STREET CORP, currently with $6.64 billion in IBM stock with ownership of nearly -0.078% of the company’s market capitalization.

Positions in International Business Machines Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 988 institutional holders increased their position in International Business Machines Corporation [NYSE:IBM] by around 40,914,051 shares. Additionally, 1,009 investors decreased positions by around 33,758,770 shares, while 196 investors held positions by with 440,574,881 shares. The mentioned changes placed institutional holdings at 515,247,702 shares, according to the latest SEC report filing. IBM stock had 139 new institutional investments in for a total of 8,025,976 shares, while 207 institutional investors sold positions of 8,197,359 shares during the same period.

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