The price of International Business Machines Corp. (NYSE:IBM) shares last traded on Wall Street fell -2.63% to $204.90.
IBM stock price is now -5.26% away from the 50-day moving average and 7.92% away from the 200-day moving average. The market capitalization of the company currently stands at $188.74B.
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With the price target maintained at $215, DZ Bank recently Downgraded its rating from Buy to Hold for International Business Machines Corp. (NYSE: IBM). On June 24, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $200, while ‘Exane BNP Paribas’ rates the stock as ‘Underperform’
In other news, BROWDY MICHELLE H, Senior Vice President sold 9,800 shares of the company’s stock on Feb 01 ’24. The stock was sold for $1,811,524 at an average price of $184.85. Upon completion of the transaction, the Senior Vice President now directly owns 119,498 shares in the company, valued at $24.49 million. A total of 0.10% of the company’s stock is owned by insiders.
During the past 12 months, International Business Machines Corp. has had a low of $142.58 and a high of $237.37. As of last week, the company has a debt-to-equity ratio of 2.46, a current ratio of 1.03, and a quick ratio of 0.98. According to the stock market information, the enterprise value for the company is $235751636992, which is based on a 29.82 price-to-earnings ratio, a 5.96 price-to-earnings-growth ratio, and a beta of 0.70. The fifty day moving average price for IBM is $216.2868 and a two-hundred day moving average price translates $189.86896 for the stock.
The latest earnings results from International Business Machines Corp. (NYSE: IBM) was released for 2024-09-30. The net profit margin was 10.22% and return on equity was 26.82% for IBM. The company reported revenue of $15.77 billion for the quarter, compared to $15.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.91 percent.
