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International Business Machines Corp. (NYSE: IBM) closed the day trading at $168.91 down -8.25% from the previous closing price of $184.10. In other words, the price has decreased by -$8.25 from its previous closing price. On the day, 16.68 million shares were traded. IBM stock price reached its highest trading level at $172.45 during the session, while it also had its lowest trading level at $165.66.
Ratios:
For a better understanding of IBM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.89. For the most recent quarter (mrq), Quick Ratio is recorded 1.06 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 2.70 whereas as Long-Term Debt/Eq ratio is at 2.43.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Evercore ISI on January 19, 2024, Upgraded its rating to Outperform and sets its target price to $200 from $165 previously.
On January 05, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $180.
Societe Generale Downgraded its Hold to Sell on January 05, 2024, while the target price for the stock was maintained at $143.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 01 ’24 when BROWDY MICHELLE H sold 9,800 shares for $184.85 per share. The transaction valued at 1,811,524 led to the insider holds 119,498 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IBM now has a Market Capitalization of 168772681728 and an Enterprise Value of 198752256000. As of this moment, International’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.12, and their Forward P/E ratio for the next fiscal year is 16.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.49 while its Price-to-Book (P/B) ratio in mrq is 6.86. Its current Enterprise Value per Revenue stands at 3.202 whereas that against EBITDA is 13.843.
Stock Price History:
Over the past 52 weeks, IBM has reached a high of $199.18, while it has fallen to a 52-week low of $120.55. The 50-Day Moving Average of the stock is -10.22%, while the 200-Day Moving Average is calculated to be 4.63%.
Shares Statistics:
Over the past 3-months, IBM traded about 4.91M shares per day on average, while over the past 10 days, IBM traded about 5381350 shares per day. A total of 916.75M shares are outstanding, with a floating share count of 915.86M. Insiders hold about 0.10% of the company’s shares, while institutions hold 60.15% stake in the company. Shares short for IBM as of 1713139200 were 22452416 with a Short Ratio of 4.58, compared to 1710460800 on 23331344. Therefore, it implies a Short% of Shares Outstanding of 22452416 and a Short% of Float of 2.4500001.
Dividends & Splits
IBM’s forward annual dividend rate is 6.64, up from 4.98 a year ago. Against a Trailing Annual Dividend Yield of 0.027050516The stock’s 5-year Average Dividend Yield is 4.85.
