International Business Machines Corp. [NYSE: IBM] price plunged by -0.54 percent to reach at -$0.8. The company report on November 8, 2023 at 2:00 PM that Questex’s Silverlinings Announces First Ever Cloud Innovation Awards Finalists for Top Cloud Changemaker Category.
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A sum of 3616927 shares traded at recent session while its average daily volume was at 4.01M shares. International Business Machines Corp. shares reached a high of $149.68 and dropped to a low of $147.585 until finishing in the latest session at $148.03.
The one-year IBM stock forecast points to a potential downside of -0.56. The average equity rating for IBM stock is currently 2.61, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on International Business Machines Corp. [IBM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IBM shares is $147.21 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 2.61. 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.
RBC Capital Mkts have made an estimate for International Business Machines Corp. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 20, 2023.
The Average True Range (ATR) for International Business Machines Corp. is set at 2.16, with the Price to Sales ratio for IBM stock in the period of the last 12 months amounting to 2.21. The Price to Book ratio for the last quarter was 5.86, with the Price to Cash per share for the same quarter was set at 12.04. Price to Free Cash Flow for IBM in the course of the last twelve months was 11.19 with Quick ratio for the last quarter at 0.83.
IBM Stock Performance Analysis:
International Business Machines Corp. [IBM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.81. With this latest performance, IBM shares gained by 4.17% in over the last four-week period, additionally plugging by 21.32% over the last 6 months – not to mention a rise of 7.00% 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 63.87, with the RSI for the last a single of trading hit 68.66, and the three-weeks RSI is set at 60.57 for International Business Machines Corp. [IBM]. The present Moving Average for the last 50 days of trading for this stock 143.93, while it was recorded at 148.15 for the last single week of trading, and 135.47 for the last 200 days.
Insight into International Business Machines Corp. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and International Business Machines Corp. [IBM] shares currently have an operating margin of +12.83 and a Gross Margin at +51.71. International Business Machines Corp.’s Net Margin is presently recorded at +2.95.
Return on Total Capital for IBM is now 10.34, given the latest momentum, and Return on Invested Capital for the company is 2.61. Return on Equity for this stock inclined to 8.73, with Return on Assets sitting at 1.38. When it comes to the capital structure of this company, International Business Machines Corp. [IBM] has a Total Debt to Total Equity ratio set at 246.14. Additionally, IBM Total Debt to Total Capital is recorded at 71.11, with Total Debt to Total Assets ending up at 42.45. Long-Term Debt to Equity for the company is recorded at 220.47, with the Long-Term Debt to Total Capital now at 63.69.
Reflecting on the efficiency of the workforce at the company, International Business Machines Corp. [IBM] managed to generate an average of $5,728 per employee. Receivables Turnover for the company is 3.81 with a Total Asset Turnover recorded at a value of 0.47.International Business Machines Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.83 and a Current Ratio set at 0.87.
IBM Stock EPS
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 Corp. go to 2.80%.
International Business Machines Corp. [IBM] Institutonal Ownership Details
The top three institutional holders of IBM stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in IBM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in IBM stock with ownership which is approximately 5.7994%.
