International Business Machines Corporation [IBM] Revenue clocked in at $73.78 billion, up 15.54% YTD: What’s Next?

International Business Machines Corporation [NYSE: IBM] closed the trading session at $145.44 on 06/24/21. The day’s price range saw the stock hit a low of $144.69, while the highest price level was $146.19. The company report on June 24, 2021 that Hapag-Lloyd and Ocean Network Express Complete TradeLens Integration, Join Rapidly Expanding Shipping Ecosystem to Further Enhance Trade Digitization.

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The TradeLens ecosystem now includes more than 300 organizations – encompassing ten ocean carriers and data from more than 600 ports and terminals.

Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) Pte. Ltd. announced they have completed integration onto the TradeLens platform, helping ensure a more timely and consistent view of logistics data for their containerized freight around the world. TradeLens is a neutral, third-party platform launched by IBM (NYSE:IBM) and A.P. Moller – Maersk (MAERSKb.CO) to help modernize the world’s supply chain ecosystems and is run on IBM Cloud and IBM Blockchain.

The stocks have a year to date performance of 15.54 percent and weekly performance of -0.11 percent. The stock has been moved at 17.66 percent over the last six months. The stock has performed 1.15 percent around the most recent 30 days and changed 9.30 percent over the most recent 3-months.

If compared to the average trading volume of 4.97M shares, IBM reached to a volume of 3579507 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $143.82 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.

UBS have made an estimate for International Business Machines Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 23, 2020. The new note on the price target was released on July 22, 2020, representing the official price target for International Business Machines Corporation stock. Previously, the target price had yet another raise from $107 to $111, while Morgan Stanley kept a Equal-Weight rating on IBM stock.

The Average True Range (ATR) for International Business Machines Corporation is set at 2.08, with the Price to Sales ratio for IBM stock in the period of the last 12 months amounting to 1.79. The Price to Book ratio for the last quarter was 6.08, with the Price to Cash per share for the same quarter was set at 12.25. Price to Free Cash Flow for IBM in the course of the last twelve months was 12.79 with Quick ratio for the last quarter at 0.90.

IBM stock trade performance evaluation

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 -0.11. With this latest performance, IBM shares gained by 1.15% in over the last four-week period, additionally plugging by 17.66% over the last 6 months – not to mention a rise of 24.93% 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 48.77, with the RSI for the last a single of trading hit 45.40, and the three-weeks RSI is set at 51.60 for International Business Machines Corporation [IBM]. The present Moving Average for the last 50 days of trading for this stock 144.39, while it was recorded at 145.24 for the last single week of trading, and 128.71 for the last 200 days.

International Business Machines Corporation [IBM]: An insightful look at the core 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 +13.14 and a Gross Margin at +47.34. International Business Machines Corporation’s Net Margin is presently recorded at +7.47.

Return on Total Capital for IBM is now 10.97, given the latest momentum, and Return on Invested Capital for the company is 6.99. Return on Equity for this stock inclined to 26.55, with Return on Assets sitting at 3.57. 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 322.71. Additionally, IBM Total Debt to Total Capital is recorded at 76.34, with Total Debt to Total Assets ending up at 42.62. Long-Term Debt to Equity for the company is recorded at 281.25, with the Long-Term Debt to Total Capital now at 66.53.

Reflecting on the efficiency of the workforce at the company, International Business Machines Corporation [IBM] managed to generate an average of $14,658 per employee. Receivables Turnover for the company is 3.39 with a Total Asset Turnover recorded at a value of 0.48.International Business Machines Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

Earnings per share (EPS) analysis for International Business Machines Corporation [IBM] stock

With the latest financial reports released by the company, International Business Machines Corporation posted 2.18/share EPS, while the average EPS was predicted by analysts to be reported at 2.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.30%. 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 16.32%.

International Business Machines Corporation [IBM]: Insider Ownership positions

There are presently around $73,090 million, or 57.80% of IBM stock, in the hands of institutional investors. The top three institutional holders of IBM stocks are: VANGUARD GROUP INC with ownership of 74,696,744, which is approximately 1.206% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 64,286,216 shares of the stock with an approximate value of $9.35 billion in IBM stocks shares; and STATE STREET CORP, currently with $7.53 billion in IBM stock with ownership of nearly -0.269% of the company’s market capitalization.

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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 1,077 institutional holders increased their position in International Business Machines Corporation [NYSE:IBM] by around 23,746,273 shares. Additionally, 981 investors decreased positions by around 26,815,453 shares, while 236 investors held positions by with 451,980,417 shares. The mentioned changes placed institutional holdings at 502,542,143 shares, according to the latest SEC report filing. IBM stock had 160 new institutional investments in for a total of 2,221,321 shares, while 128 institutional investors sold positions of 8,071,684 shares during the same period.

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