In yesterday’s Wall Street session, International Business Machines Corp (NYSE:IBM) shares traded at $234.75, up 0.54% from the previous session.
IBM stock price is now 6.07% away from the 50-day moving average and 20.82% away from the 200-day moving average. The market capitalization of the company currently stands at $217.06B.
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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, ZOLLAR ALFRED W, Director bought 936 shares of the company’s stock on Nov 13 ’24. The stock was bought for $197,139 at an average price of $210.62. Upon completion of the transaction, the Director now directly owns 936 shares in the company, valued at $0.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08 ’24, Senior Vice President LAMOREAUX NICKLE JACLYN sold 3,600 shares of the business’s stock. A total of $774,727 was realized by selling the stock at an average price of $215.20. This leaves the insider owning 25,390 shares of the company worth $5.96 million. A total of 0.09% of the company’s stock is owned by insiders.
During the past 12 months, International Business Machines Corp has had a low of $157.88 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 $263566442496, which is based on a 34.17 price-to-earnings ratio, a 6.83 price-to-earnings-growth ratio, and a beta of 0.73. The fifty day moving average price for IBM is $221.048 and a two-hundred day moving average price translates $194.01755 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 $14.97 billion for the quarter, compared to $14.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.46 percent.
