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The closing price of International Business Machines Corp. (NYSE: IBM) was $184.02 for the day, down -0.04% from the previous closing price of $184.10. In other words, the price has decreased by -$0.04 from its previous closing price. On the day, 6.59 million shares were traded. IBM stock price reached its highest trading level at $185.0714 during the session, while it also had its lowest trading level at $183.145.
Ratios:
Our analysis of IBM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.86. 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 this company, Goldman on June 24, 2024, initiated with a Buy rating and assigned the stock a target price of $200.
On May 02, 2024, Exane BNP Paribas started tracking the stock assigning a Underperform rating and target price of $145.
Evercore ISI Upgraded its In-line to Outperform on January 19, 2024, whereas the target price for the stock was revised from $165 to $200.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 169041330176 and an Enterprise Value of 212869267456. As of this moment, International’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.84, and their Forward P/E ratio for the next fiscal year is 17.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.72 while its Price-to-Book (P/B) ratio in mrq is 7.27. Its current Enterprise Value per Revenue stands at 3.43 whereas that against EBITDA is 14.803.
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 $135.87. The 50-Day Moving Average of the stock is 6.25%, while the 200-Day Moving Average is calculated to be 8.05%.
Shares Statistics:
IBM traded an average of 3.91M shares per day over the past three months and 3703370 shares per day over the past ten days. A total of 918.60M shares are outstanding, with a floating share count of 917.71M. Insiders hold about 0.10% of the company’s shares, while institutions hold 61.59% stake in the company. Shares short for IBM as of 1719532800 were 21239223 with a Short Ratio of 5.43, compared to 1717113600 on 19646388. Therefore, it implies a Short% of Shares Outstanding of 21239223 and a Short% of Float of 2.31.
Dividends & Splits
With its trailing 12-month dividend rate of 6.64, IBM has a forward annual dividend rate of 6.65. Against a Trailing Annual Dividend Yield of 0.03606735The stock’s 5-year Average Dividend Yield is 4.81.
