International Business Machines Corporation [IBM] Is Currently -0.16 below its 200 Period Moving Avg: What Does This Mean?

International Business Machines Corporation [NYSE: IBM] closed the trading session at $128.05 on 03/08/23. The day’s price range saw the stock hit a low of $127.545, while the highest price level was $128.74. The company report on March 8, 2023 that EY and IBM collaborate to address complex ESG challenges and drive value-led sustainability.

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Help clients manage environmental, social and governance (ESG) matters, work together to build business strategy and demonstrate positive correlation between purpose and financial performance.

Combine EY and IBM capabilities to help address increasing requirements and help operationalize client improvement programs.

The stocks have a year to date performance of -9.11 percent and weekly performance of -0.11 percent. The stock has been moved at 1.05 percent over the last six months. The stock has performed -5.97 percent around the most recent 30 days and changed -13.13 percent over the most recent 3-months.

If compared to the average trading volume of 4.46M shares, IBM reached to a volume of 2764218 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 $146.76 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 2.50. 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.

Edward Jones have made an estimate for International Business Machines Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on February 06, 2023. The new note on the price target was released on January 24, 2023, representing the official price target for International Business Machines Corporation stock. Previously, the target price had yet another raise to $140, while MoffettNathanson analysts kept a Market Perform rating on IBM stock. On January 18, 2023, analysts decreased their price target for IBM shares from 152 to 148.

The Average True Range (ATR) for International Business Machines Corporation is set at 1.92, with the Price to Sales ratio for IBM stock in the period of the last 12 months amounting to 1.91. The Price to Book ratio for the last quarter was 5.29, with the Price to Cash per share for the same quarter was set at 9.69. Price to Free Cash Flow for IBM in the course of the last twelve months was 36.77 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 dropped by -5.97% in over the last four-week period, additionally plugging by 1.05% over the last 6 months – not to mention a rise of 1.57% 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 30.82, with the RSI for the last a single of trading hit 28.57, and the three-weeks RSI is set at 33.76 for International Business Machines Corporation [IBM]. The present Moving Average for the last 50 days of trading for this stock 137.06, while it was recorded at 129.01 for the last single week of trading, and 135.51 for the last 200 days.

International Business Machines Corporation [IBM]: An insightful look at the core fundamentals

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

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 6.67%.

International Business Machines Corporation [IBM]: Insider Ownership positions

There are presently around $67,888 million, or 58.50% of IBM stock, in the hands of institutional investors. The top three institutional holders of IBM stocks are: VANGUARD GROUP INC with ownership of 80,144,196, which is approximately 1.347% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 72,340,106 shares of the stock with an approximate value of $9.26 billion in IBM stocks shares; and STATE STREET CORP, currently with $6.84 billion in IBM stock with ownership of nearly 0.496% of the company’s market capitalization.

1,214 institutional holders increased their position in International Business Machines Corporation [NYSE:IBM] by around 29,783,396 shares. Additionally, 1,010 investors decreased positions by around 16,397,479 shares, while 313 investors held positions by with 483,989,334 shares. The mentioned changes placed institutional holdings at 530,170,209 shares, according to the latest SEC report filing. IBM stock had 259 new institutional investments in for a total of 2,979,180 shares, while 91 institutional investors sold positions of 1,581,671 shares during the same period.


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