A share price of International Business Machines Corp. [IBM] is currently trading at $222.72, up 1.36%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The IBM shares have lost -0.32% over the last week, with a monthly amount glided 9.12%, and 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 October 02, 2024, when DZ Bank downgraded its rating to a Hold but kept the price target unchanged to $215 for it. Previously, Goldman started tracking the stock with Buy rating on June 24, 2024, and set its price target to $200. On May 02, 2024, Exane BNP Paribas initiated with a Underperform rating and assigned a price target of $145 on the stock. Evercore ISI upgraded its rating to a Outperform and increased its price target to $200 on January 19, 2024. Jefferies initiated its recommendation with a Hold and recommended $180 as its price target on January 05, 2024. Societe Generale downgraded its rating to Sell for this stock on January 05, 2024, but kept the price target unchanged to $143. In a note dated December 05, 2023, BofA Securities reiterated an Buy rating on this stock and boosted its target price from $155 to $170.
International Business Machines Corp. experienced fluctuations in its stock price throughout the past year between $135.87 and $224.15. Currently, Wall Street analysts expect the stock to reach $186.29 within the next 12 months. International Business Machines Corp. [NYSE: IBM] shares were valued at $222.72 at the most recent close of the market. An investor can expect a potential drop of -16.36% based on the average IBM price forecast.
Analyzing the IBM fundamentals
Trailing Twelve Months sales for International Business Machines Corp. [NYSE:IBM] were 62.37B which represents 1.91% growth. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.36 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.38.
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 220.38 points at the first support level, and at 218.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 223.94, and for the 2nd resistance point, it is at 225.17.
Ratios To Look Out For
To put it in perspective, the Current Ratio for International Business Machines Corp. [NYSE:IBM] is 1.09. Also, the Quick Ratio is 1.05, while the Cash Ratio stands at 0.49. Considering the valuation of this stock, the price to sales ratio is 3.29, the price to book ratio is 8.54 and price to earnings (TTM) ratio is 24.55.
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.
