In the latest trading session, 0.93 million International Business Machines Corp. (NYSE:IBM) shares changed hands as the company’s beta touched 0.68. With the company’s most recent per share price at $203.68 changed hands at -$1.64 or -0.80% at last look, the market valuation stands at $187.62B. IBM’s current price is a discount, trading about -1.11% off its 52-week high of $205.95. The share price had its 52-week low at $135.87, which suggests the last value was 33.29% up since then. When we look at International Business Machines Corp.’s average trading volume, we note the 10-day average is 3.33 million shares, with the 3-month average coming to 3.50 million.
Analysts gave the International Business Machines Corp. (IBM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.57. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended IBM as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. International Business Machines Corp.’s EPS for the current quarter is expected to be 2.01.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
International Business Machines Corp. (NYSE:IBM) trade information
Instantly IBM was in red as seen in intraday trades today. With action -0.21%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 24.54%, with the 5-day performance at -0.21% in the red. However, in the 30-day time frame, International Business Machines Corp. (NYSE:IBM) is 7.49% up. Looking at the short shares, we see there were 20.44 million shares sold at short interest cover period of 5.36 days.
The consensus price target for the stock as assigned by Wall Street analysts is 156, meaning bulls need a downside of -30.56% from its recent market value. According to analyst projections, IBM’s forecast low is 112 with 385 as the target high. To hit the forecast high, the stock’s price needs a -89.02% plunge from its current level, while the stock would need to tank 45.01% for it to hit the projected low.
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 2.98% over the past 6 months, a 4.99% in annual growth rate that is considerably higher than the industry average of 0.00%. Year-over-year growth is forecast to reach 2.20% up 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 15.04B. 10 analysts are of the opinion that International Business Machines Corp.’s revenue for the current quarter will be 17.91B. The company’s revenue for the corresponding quarters a year ago was 13.42B and 15.89B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 12.10%. The estimates for the next quarter sales put growth at 12.70%.
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 5.17%, but the outlook for the next 5-year period is at 3.90% per year.
IBM Dividends
International Business Machines Corp. is expected to release its next quarterly earnings report on 2024-Oct-23. The 3.27% annual yield figure for the share gives it an annual dividend of 6.66. It is important to note, however, that the 3.27% 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. During the past 5 years, the average dividend yield was 4.77 per year.
International Business Machines Corp. (NYSE:IBM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.12% of International Business Machines Corp. shares while 61.55% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 61.62%. There are 61.55% institutions holding the International Business Machines Corp. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.7181% of the shares, roughly 89.13 million IBM shares worth $15.42 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.2174% or 75.37 million shares worth $13.04 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 29.01 shares estimated at $5.91 billion under it, the former controlled 3.15% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.56% of the shares, roughly 23.58 shares worth around $4.81 billion.
