The stock of International Business Machines Corp. (IBM) has seen a 1.54% increase in the past week, with a 12.52% gain in the past month, and a 25.99% flourish in the past quarter. The volatility ratio for the week is 2.32%, and the volatility levels for the past 30 days are at 1.95% for IBM. The simple moving average for the last 20 days is 6.94% for IBM stock, with a simple moving average of 21.76% for the last 200 days.
Is It Worth Investing in International Business Machines Corp. (NYSE: IBM) Right Now?
International Business Machines Corp. (NYSE: IBM) has a price-to-earnings ratio of 24.30x that is above its average ratio. Additionally, the 36-month beta value for IBM is 0.69. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 15 rating it as “hold,” and 3 rating it as “sell.”
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The public float for IBM is 920.25M and currently, short sellers hold a 2.24% ratio of that float. The average trading volume of IBM on September 24, 2024 was 3.74M shares.
IBM) stock’s latest price update
International Business Machines Corp. (NYSE: IBM)’s stock price has surge by 1.29relation to previous closing price of 217.70. Nevertheless, the company has seen a 1.54% surge in its stock price over the last five trading sessions. zacks.com reported 2024-09-23 that IBM (IBM) concluded the recent trading session at $220.50, signifying a +1.29% move from its prior day’s close.
Analysts’ Opinion of IBM
Many brokerage firms have already submitted their reports for IBM stocks, with Goldman repeating the rating for IBM by listing it as a “Buy.” The predicted price for IBM in the upcoming period, according to Goldman is $200 based on the research report published on June 24, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see IBM reach a price target of $145. The rating they have provided for IBM stocks is “Underperform” according to the report published on May 02nd, 2024.
Evercore ISI gave a rating of “Outperform” to IBM, setting the target price at $200 in the report published on January 19th of the current year.
IBM Trading at 12.43% from the 50-Day Moving Average
After a stumble in the market that brought IBM to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.76% of gains for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 2.32%, as shares surge +12.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.60% upper at present.
During the last 5 trading sessions, IBM rose by +1.54%, which changed the moving average for the period of 200-days by +36.63% in comparison to the 20-day moving average, which settled at $207.42. In addition, International Business Machines Corp. saw 34.82% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IBM starting from BROWDY MICHELLE H, who sale 9,800 shares at the price of $184.85 back on Feb 01 ’24. After this action, BROWDY MICHELLE H now owns 119,498 shares of International Business Machines Corp., valued at $1,811,524 using the latest closing price.
Stock Fundamentals for IBM
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.56 for the gross margin
The net margin for International Business Machines Corp. stands at 0.14. The total capital return value is set at 0.09. Equity return is now at value 36.36, with 6.32 for asset returns.
Based on International Business Machines Corp. (IBM), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 2.38. The interest coverage ratio of the stock is 5.4.
Currently, EBITDA for the company is 14.74 billion with net debt to EBITDA at 3.49. When we switch over and look at the enterprise to sales, we see a ratio of 3.98. The receivables turnover for the company is 4.85for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
Conclusion
In conclusion, International Business Machines Corp. (IBM) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
