International Business Machines Corp (NYSE:IBM) shares, rose in value, with the stock price up by 0.84% to the previous day’s close as strong demand from buyers drove the stock to $255.50.
Actively observing the price movement in the recent trading, the stock is buoying the session at $253.37. The PE ratio was 43.95 over 12-month period. Referring to stock’s 52-week performance, its high was $266.45, and the low was $163.53. On the whole, IBM has fluctuated by 15.59% over the past month.
With the market capitalization of International Business Machines Corp currently standing at about $237.46 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 6.68, with its dividend yield at 2.61%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IBM’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 6.98, with the price of IBM currently trading nearly 6.10% and 4.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.93, while the 7-day volatility ratio is showing 2.02% which for the 30-day chart, stands at 3.16%. Furthermore, International Business Machines Corp (IBM)’s beta value is 0.63, and its average true range (ATR) is 7.21.
A comparison of International Business Machines Corp (IBM) with its peers suggests the former has fared considerably weaker in the market. IBM showed an intraday change of 0.84% in today’s session so far, and over the past year, it grew by 51.53%%.
Data on historical trading for International Business Machines Corp (NYSE:IBM) indicates that the trading volumes over the past 3 months, they’ve averaged 4.98 million. According to company’s latest data on outstanding shares, there are 929.40 million shares outstanding.
Nearly 0.10% of International Business Machines Corp’s shares belong to company insiders and institutional investors own 63.31% of the company’s shares. The stock has risen by 16.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IBM stock heading into the next quarter.
