On Tuesday, International Business Machines Corp. (NYSE: IBM) opened lower -0.72% from the last session, before settling in for the closing price of $170.89. Price fluctuations for IBM have ranged from $125.01 to $199.18 over the past 52 weeks.
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A company in the Technology sector has dropped its sales by -3.97% annually for the last half of the decade. Company’s average yearly earnings per share was noted 3.25% at the time writing. With a float of $917.73 million, this company’s outstanding shares have now reached $918.60 million.
In an organization with 305300 employees, it is important to assess its efficiency.
International Business Machines Corp. (IBM) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Information Technology Services industry is another important factor to consider. The insider ownership of International Business Machines Corp. is 0.10%, while institutional ownership is 60.98%. The most recent insider transaction that took place on Feb 01 ’24, was worth 1,811,524. In this transaction Senior Vice President of this company sold 9,800 shares at a rate of $184.85, taking the stock ownership to the 119,498 shares.
International Business Machines Corp. (IBM) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 3.25% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.20% during the next five years compared to -3.09% drop over the previous five years of trading.
International Business Machines Corp. (NYSE: IBM) Trading Performance Indicators
Check out the current performance indicators for International Business Machines Corp. (IBM). In the past quarter, the stock posted a quick ratio of 1.06. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.51. Likewise, its price to free cash flow for the trailing twelve months is 11.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.83, a number that is poised to hit 2.17 in the next quarter and is forecasted to reach 10.44 in one year’s time.
Technical Analysis of International Business Machines Corp. (IBM)
Let’s dig in a bit further. During the last 5-days, its volume was 3.66 million. That was inferior than the volume of 4.73 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 42.29%. Additionally, its Average True Range was 2.86.
During the past 100 days, International Business Machines Corp.’s (IBM) raw stochastic average was set at 28.51%, which indicates a significant decrease from 39.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.11% in the past 14 days, which was lower than the 26.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $178.69, while its 200-day Moving Average is $164.69. However, in the short run, International Business Machines Corp.’s stock first resistance to watch stands at $170.95. Second resistance stands at $172.23. The third major resistance level sits at $173.38. If the price goes on to break the first support level at $168.51, it is likely to go to the next support level at $167.36. The third support level lies at $166.08 if the price breaches the second support level.
International Business Machines Corp. (NYSE: IBM) Key Stats
There are currently 918,603K shares outstanding in the company with a market cap of 155.85 billion. Presently, the company’s annual sales total 61,860 M according to its annual income of 7,502 M. Last quarter, the company’s sales amounted to 14,462 M and its income totaled 1,605 M.
