International Business Machines Corp. [IBM] stock prices are up 1.38% to $183.75 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The IBM shares have lost -2.94% over the last week, with a monthly amount drifted -3.83%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
International Business Machines Corp. [NYSE: IBM] stock has seen the most recent analyst activity on January 19, 2024, when Evercore ISI upgraded its rating to a Outperform and also boosted its price target to $200 from $165. Previously, Jefferies started tracking the stock with Hold rating on January 05, 2024, and set its price target to $180. On January 05, 2024, downgrade downgraded it’s rating to Sell but maintained its price target of $143 on the stock. BofA Securities reiterated its Buy rating and increased its price target to $170 on December 05, 2023. RBC Capital Mkts initiated its recommendation with a Outperform and recommended $188 as its price target on September 20, 2023. BMO Capital Markets reiterated a Market Perform rating for this stock on July 17, 2023, and upped its price target to $150. In a note dated July 07, 2023, JP Morgan initiated an Neutral rating and provided a target price of $145 on this stock.
The stock price of International Business Machines Corp. [IBM] has been fluctuating between $120.55 and $199.18 over the past year. Currently, Wall Street analysts expect the stock to reach $163.44 within the next 12 months. International Business Machines Corp. [NYSE: IBM] shares were valued at $183.75 at the most recent close of the market. An investor can expect a potential drop of -11.05% based on the average IBM price forecast.
Analyzing the IBM fundamentals
The International Business Machines Corp. [NYSE:IBM] reported sales of 61.86B for trailing twelve months, representing a surge of 4.14%. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.34 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.53.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 182.50 points at the first support level, and at 181.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 185.35, and for the 2nd resistance point, it is at 186.96.
Ratios To Look Out For
It’s worth pointing out that International Business Machines Corp. [NYSE:IBM]’s Current Ratio is 0.94. In addition, the Quick Ratio stands at 0.90 and the Cash Ratio stands at 0.38. Considering the valuation of this stock, the price to sales ratio is 2.72, the price to book ratio is 7.46 and price to earnings (TTM) ratio is 22.62.
Transactions by insiders
Recent insider trading involved BROWDY MICHELLE H, Senior Vice President, that happened on Feb 01 ’24 when 9800.0 shares were sold.
