International Business Machines Corp. (NYSE:IBM) price closed higher on Tuesday, April 16, jumping 1.38% above its previous close.
A look at the daily price movement shows that the last close reads $181.25. The company’s P/E ratio in the trailing 12-month period read 22.62. Taking into account the 52-week price action we note that the stock hit a 52-week high of $199.18 and 52-week low of $120.55. The stock subtracted -3.83% on its value in the past month.
International Business Machines Corp., which has a market valuation of $168.45 billion. The company stock has a Forward Dividend ratio of 6.64, while the dividend yield is 3.61%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give IBM a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 4.44. The overview shows that IBM’s price is at present -2.83% off the SMA20 and -2.49% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 41.18, with weekly volatility standing at 1.92%. The indicator jumps to 1.55% when calculated based on the past 30 days. International Business Machines Corp. (NYSE:IBM)’s beta value is holding at 0.72, while the average true range (ATR) indicator is currently reading 3.53.
An analysis of the International Business Machines Corp. (NYSE:IBM) stock in terms of its daily trading volume indicates that the 3-month average is 5.03 million.
Current records show that the company has 916.75M in outstanding shares. The insiders’ percentage holdings are 0.10% of outstanding shares while the percentage share held by institutions stands at 60.18%. But the 12.35% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
