International Business Machines Corp (NYSE:IBM) shares, rose in value on Friday, January 03, with the stock price up by 1.45% to the previous day’s close as strong demand from buyers drove the stock to $223.12.
Actively observing the price movement in the recent trading, the stock is buoying the session at $219.94, falling within a range of $220.55 and $223.49. The value of beta (5-year monthly) is 0.71 whereas the PE ratio is 32.47 over 12-month period. Referring to stock’s 52-week performance, its high was $239.35, and the low was $157.88. On the whole, IBM has fluctuated by -2.57% over the past month.
With the market capitalization of International Business Machines Corp currently standing at about $206.31 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 6.67, with its dividend yield at 2.99%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 62.82B, with a low estimate of 17.54B and a high estimate of 17.66B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 17.61B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IBM’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 7.38, with the price of IBM currently trading nearly -1.51% and 1.22% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.86, while the 7-day volatility ratio is showing 1.58% which for the 30-day chart, stands at 1.90%. Furthermore, International Business Machines Corp (IBM)’s beta value is 0.74, and its average true range (ATR) is 4.28.
A comparison of International Business Machines Corp (IBM) with its peers suggests the former has fared considerably weaker in the market. IBM showed an intraday change of 1.45% in today’s session so far, and over the past year, it grew by 39.36%%.
Data on historical trading for International Business Machines Corp (NYSE:IBM) indicates that the trading volumes over the past 10 days have averaged 3.72 and over the past 3 months, they’ve averaged 4.13 million. According to company’s latest data on outstanding shares, there are 924.65 million shares outstanding.
Nearly 0.09% of International Business Machines Corp’s shares belong to company insiders and institutional investors own 62.11% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 23.14 million shares as on 2024-12-13, resulting in a short ratio of 5.54. According to the data, the short interest in International Business Machines Corp (IBM) stood at 250.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 21.48 million. The stock has risen by 1.50% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IBM stock heading into the next quarter.
