International Business Machines Corp (NYSE:IBM) shares traded -3.56% lower at $243.32 on Wall Street last session.
IBM stock price is now -0.93% away from the 50-day moving average and 13.22% away from the 200-day moving average. The market capitalization of the company currently stands at $225.62B.
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With the price target of $320, Oppenheimer recently initiated with Outperform rating for International Business Machines Corp (NYSE: IBM). , while ‘DZ Bank’ rates the stock as ‘Hold’
In other news, Thomas Robert David, Senior Vice President sold 26,543 shares of the company’s stock on Mar 03 ’25. The stock was sold for $6,715,639 at an average price of $253.01. Upon completion of the transaction, the Senior Vice President now directly owns 45,007 shares in the company, valued at $10.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03 ’25, Officer ROBERT D THOMAS bought 26,543 shares of the business’s stock. A total of $6,715,639 was incurred on buying the stock at an average price of $253.01. 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 $162.62 and a high of $266.45. As of last week, the company has a debt-to-equity ratio of 2.14, a current ratio of 1.01, and a quick ratio of 0.97. According to the stock market information, the enterprise value for the company is $269512949760, which is based on a 37.92 price-to-earnings ratio, a 7.15 price-to-earnings-growth ratio, and a beta of 0.65. The fifty day moving average price for IBM is $245.5934 and a two-hundred day moving average price translates $214.90245 for the stock.
The latest earnings results from International Business Machines Corp (NYSE: IBM) was released for 2024-12-31. The net profit margin was 9.60% and return on equity was 24.14% for IBM. The company reported revenue of $17.55 billion for the quarter, compared to $17.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.99 percent.
