International Business Machines Corp. [NYSE: IBM] jumped around 3.55 points on Tuesday, while shares priced at $173.47 at the close of the session, up 2.09%.
Compared to the average trading volume of 4.40M shares, IBM reached a trading volume of 6457072 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 Corp. [IBM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IBM shares is $182.63 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 2.59. 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.
Exane BNP Paribas have made an estimate for International Business Machines Corp. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on May 02, 2024. While these analysts kept the previous recommendation, Evercore ISI raised their target price from $165 to $200. The new note on the price target was released on January 19, 2024, representing the official price target for International Business Machines Corp. stock. Previously, the target price had yet another raise to $180, while Jefferies analysts kept a Hold rating on IBM stock.
The Average True Range (ATR) for International Business Machines Corp. is set at 2.87, with the Price to Sales ratio for IBM stock in the period of the last 12 months amounting to 2.57. The Price to Book ratio for the last quarter was 6.85, with the Price to Cash per share for the same quarter was set at 20.99. Price to Free Cash Flow for IBM in the course of the last twelve months was 12.13 with Quick ratio for the last quarter at 1.06.
How has IBM stock performed recently?
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 3.65. With this latest performance, IBM shares dropped by -4.63% in over the last four-week period, additionally plugging by 13.46% over the last 6 months – not to mention a rise of 36.31% 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 51.99, with the RSI for the last a single of trading hit 62.97, and the three-weeks RSI is set at 47.75 for International Business Machines Corp. [IBM]. The present Moving Average for the last 50 days of trading for this stock 180.57, while it was recorded at 169.93 for the last single week of trading, and 164.15 for the last 200 days.
International Business Machines Corp. [IBM]: Deeper insight into the fundamentals
International Business Machines Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.06 and a Current Ratio set at 1.10.
Earnings analysis for International Business Machines Corp. [IBM]
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 3.20%.
Insider trade positions for International Business Machines Corp. [IBM]
The top three institutional holders of IBM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in IBM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in IBM stock with ownership which is approximately 5.8386%.