On Monday, International Business Machines Corp. (NYSE: IBM) opened higher 0.17% from the last session, before settling in for the closing price of $169.21. Price fluctuations for IBM have ranged from $129.18 to $199.18 over the past 52 weeks.
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Technology Sector giant saw their annual sales slid by -3.97% over the last five years. Company’s average yearly earnings per share was noted 3.31% at the time writing. With a float of $917.71 million, this company’s outstanding shares have now reached $918.60 million.
The firm has a total of 305300 workers. Let’s measure their productivity.
International Business Machines Corp. (IBM) Breakdown of a Key Holders of the stock
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 60.99%. 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) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted 2.18 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 2.01) by 0.17. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.31% 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 11.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.83, a number that is poised to hit 2.18 in the next quarter and is forecasted to reach 10.43 in one year’s time.
Technical Analysis of International Business Machines Corp. (IBM)
Analysing the last 5-days average volume posted by the [International Business Machines Corp., IBM], we can find that recorded value of 3.2 million was lower than the volume posted last year of 4.56 million. As of the previous 9 days, the stock’s Stochastic %D was 60.06%. Additionally, its Average True Range was 2.71.
During the past 100 days, International Business Machines Corp.’s (IBM) raw stochastic average was set at 18.82%, which indicates a significant decrease from 66.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 11.58% in the past 14 days, which was lower than the 26.35% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $172.39, while its 200-day Moving Average is $166.43. Now, the first resistance to watch is $170.31. This is followed by the second major resistance level at $171.13. The third major resistance level sits at $172.53. If the price goes on to break the first support level at $168.09, it is likely to go to the next support level at $166.69. Now, if the price goes above the second support level, the third support stands at $165.87.
International Business Machines Corp. (NYSE: IBM) Key Stats
There are currently 918,603K shares outstanding in the company with a market cap of 155.70 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.
