International Business Machines Corp [NYSE: IBM] traded at a high on Monday, posting a 1.97 gain after which it closed the day’ session at $260.73.
The results of the trading session contributed to over 8401910 shares changing hands. Over the past one week, the price volatility of International Business Machines Corp stands at 3.31% while the volatility over the past one month is 2.17%.
The market cap for IBM stock reached $241.08 billion, with 924.64 million shares outstanding and 923.71 million shares in the current float. Compared to the average trading volume of 4.12M shares, IBM reached a trading volume of 8401910 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $251.14 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 2.45. 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.
Wedbush have made an estimate for International Business Machines Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on Feb-04-25. The new note on the price target was released on October 02, 2024, representing the official price target for International Business Machines Corp stock. Previously, the target price had yet another raise to $200, while Goldman analysts kept a Buy rating on IBM stock.
The Average True Range (ATR) for International Business Machines Corp is set at 6.63, with the Price to Sales ratio for IBM stock in the period of the last 12 months amounting to 3.84. The Price to Book ratio for the last quarter was 9.86, with the Price to Cash per share for the same quarter was set at 16.01. Price to Free Cash Flow for IBM in the course of the last twelve months was 19.57 with Quick ratio for the last quarter at 0.97.
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 16.33. With this latest performance, IBM shares gained by 18.61% in over the last four-week period, additionally plugging by 37.47% over the last 6 months – not to mention a rise of 41.96% 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 80.35, with the RSI for the last a single of trading hit 85.61, and the three-weeks RSI is set at 75.49 for International Business Machines Corp [IBM]. The present Moving Average for the last 50 days of trading for this stock 226.86, while it was recorded at 245.80 for the last single week of trading, and 201.45 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 0.97 and a Current Ratio set at 1.01.
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 4.53%.
Insider trade positions for International Business Machines Corp [IBM]
There are presently around $63.13%, or 63.21%% of IBM stock, in the hands of institutional investors. The top three institutional holders of IBM stocks are: VANGUARD GROUP INC with ownership of 89.13 million shares, which is approximately 9.7181%. BLACKROCK INC., holding 75.37 million shares of the stock with an approximate value of $$13.04 billion in IBM stocks shares; and BLACKROCK INC., currently with $$9.42 billion in IBM stock with ownership which is approximately 5.9388%.
