In the latest trading session,, 1.39 million International Business Machines Corp. (NYSE:IBM) shares changed hands as the company’s beta touched 0.71. With the company’s most recent per share price at $168.49 changed hands at -$1.17 or -0.69% at last look, the market valuation stands at $154.77B. IBM’s current price is a discount, trading about -18.21% off its 52-week high of $199.18. The share price had its 52-week low at $127.46, which suggests the last value was 24.35% up since then. When we look at International Business Machines Corp.’s average trading volume, we note the 3-month average coming to 4.36 million.
International Business Machines Corp. (NYSE:IBM) trade information
Instantly IBM was in red as seen in intraday trades today. With action -2.87%, the performance over the past five days has been red. The drop to weekly highs of 175.46 subtracted -0.69% to the stock’s daily price. The company’s shares are showing year-to-date upside of 3.02%, with the 5-day performance at -2.87% in the red. However, in the 30-day time frame, International Business Machines Corp. (NYSE:IBM) is 0.63% up.
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International Business Machines Corp. (IBM) estimates and forecasts
Data shows that the International Business Machines Corp. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 8.30% over the past 6 months, a 3.01% in annual growth rate that is considerably higher than the industry average of 2.70%. Year-over-year growth is forecast to reach -6.20% down from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 14.37B. 11 analysts are of the opinion that International Business Machines Corp.’s revenue for the current quarter will be 13.96B. The company’s revenue for the corresponding quarters a year ago was 15.57B and 13.42B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -7.70%. The estimates for the next quarter sales put growth at 4.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -3.09%. The 2024 estimates are for International Business Machines Corp. earnings to increase by 3.25%, but the outlook for the next 5-year period is at 3.20% per year.
IBM Dividends
International Business Machines Corp. is expected to release its next quarterly earnings report in June. The 3.95% annual yield figure for the share gives it an annual dividend of 6.65. It is important to note, however, that the 3.95% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
