With 3.36 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.36 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $256.93 whereas the lowest price it dropped to was $252.02. The 52-week range on IBM shows that it touched its highest point at $265.72 and its lowest point at $162.62 during that stretch. It currently has a 1-year price target of $251.69. With its current market cap of 233.32 billion, IBM has annualized dividend of $6.67 while the current yield stands at 2.64%. IBM paid its most recent dividend on 1731369600, while the ex-dividend date for that was 1739145600. Beta for the stock currently stands at 0.73.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IBM was down-trending over the past week, with a drop of -1.31%, but this was up by 12.67% over a month. Three-month performance surged to 21.57% while six-month performance rose 35.09%. The stock gained 37.58% in the past year, while it has gained 14.79% so far this year. A look at the trailing 12-month EPS for IBM yields 6.41 with Next year EPS estimates of 11.39. For the next quarter, that number is 1.42. This implies an EPS growth rate of 3.56% for this year and 6.48% for next year. EPS is expected to grow by 4.75% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -9.45%.
Float and Shares Shorts:
At present, 924.64 million IBM shares are outstanding with a float of 921.03 million shares on hand for trading. On 2025-01-15, short shares totaled 21.03 million, which was 227.0 higher than short shares on 1734048000. In addition to Mr. Gary D. Cohn as the firm’s Executive Vice Chairman, Mr. James J. Kavanaugh serves as its Senior VP & CFO.
Institutional Ownership:
Through their ownership of 0.63130003 of IBM’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, IBM reported revenue of $14967000000.0 and operating income of $1871000000.0. The EBITDA in the recently reported quarter was $933000000.0 and diluted EPS was -$0.36.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IBM since 12 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With IBM analysts setting a high price target of 300.0 and a low target of 160.0, the average target price over the next 12 months is 250.87389. Based on these targets, IBM could surge 18.89% to reach the target high and fall by -36.59% to reach the target low. Reaching the average price target will result in a decline of -0.58% from current levels.
Analysts have provided yearly estimates in a range of $10.24829 being high and $10.15777 being low. For IBM, this leads to a yearly average estimate of $10.198. Based on analyst estimates, the high estimate for the next quarter is $2.76 and the low estimate is $2.37. The average estimate for the next quarter is thus $2.63.
