International Business Machines Corp. (NYSE: IBM) kicked off on Friday, down -1.70% from the previous trading day, before settling in for the closing price of $218.39. Over the past 52 weeks, IBM has traded in a range of $136.33-$237.37.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Technology sector was -3.97%. While this was happening, its average annual earnings per share was recorded 6.09%. With a float of $920.25 million, this company’s outstanding shares have now reached $921.15 million.
Considering the fact that the conglomerate employs 305300 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 56.53%, operating margin of 10.18%, and the pretax margin is 9.99%.
International Business Machines Corp. (IBM) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Information Technology Services Industry. The insider ownership of International Business Machines Corp. is 0.10%, while institutional ownership is 60.79%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 6.09% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.00% 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
Take a look at International Business Machines Corp.’s (IBM) current performance indicators. Last quarter, stock had a quick ratio of 0.98. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.16. Likewise, its price to free cash flow for the trailing twelve months is 15.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.87, a number that is poised to hit 3.80 in the next quarter and is forecasted to reach 10.72 in one year’s time.
Technical Analysis of International Business Machines Corp. (IBM)
Compared to the last year’s volume of 4.25 million, its volume of 6.28 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 15.86%. Additionally, its Average True Range was 4.31.
During the past 100 days, International Business Machines Corp.’s (IBM) raw stochastic average was set at 68.29%, which indicates a significant increase from 1.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.93% in the past 14 days, which was higher than the 19.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $215.41, while its 200-day Moving Average is $189.20. Nevertheless, the first resistance level for the watch stands at $217.42 in the near term. At $220.17, the stock is likely to face the second major resistance level. The third major resistance level sits at $221.68. If the price goes on to break the first support level at $213.15, it is likely to go to the next support level at $211.64. Should the price break the second support level, the third support level stands at $208.89.
International Business Machines Corp. (NYSE: IBM) Key Stats
The company with the Market Capitalisation of 197.74 billion has total of 918,603K Shares Outstanding. Its annual sales at the moment are 61,860 M in contrast with the sum of 7,502 M annual income. Company’s last quarter sales were recorded 14,968 M and last quarter income was -330,000 K.
