The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for International Business Machines Corporation (IBM) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $123.46. The International Business Machines Corporation has recorded 69,693 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that IBM’s The Weather Company Continues to Be the World’s Most Accurate Forecaster Overall, Despite Growing Competition and Amid Weather’s Increased Impact.
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The company is listed on the NYSE and operates within the Information Technology Services industry segment. At the end of the last regular session, the stock closed at $123.46 and fluctuated between $123.86 as its day high and $122.45 as its day low. The current market capitalization of International Business Machines Corporation is $110.34B. A total of 2.75 million shares were traded on the day, compared to an average of 4.83M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, IBM has seen 7 BUY and 7 SELL insider trades, representing the acquisition of 17,028 and the disposition of 8,488 shares. Over the last 12 months, there were 46 BUYs and 49 SELLs from insiders. Insiders purchased 382,885 shares during that period but sold 229,244.
In the most recent transaction, KAVANAUGH JAMES J sold 38,519 shares of IBM for 133.73 per share on Feb 01. After the transaction, the Sr. VP and CFO now owns 74,467 company shares. In a previous transaction on Nov 22, Del Bene Robert F sold 3,000 shares at 148.36 per share. IBM shares that VP, Controller owns now total 14,553.
Among the insiders who bought shares, FARR DAVID N acquired of 1,000 shares on Sep 15 at a per-share price of $125.00. This resulted in the Director holding 1,000 shares of IBM after the transaction. In another insider transaction, Del Bene Robert F sold 1,600 shares at $139.04 per share on Jun 02. Company shares held by the VP, Controller now total 15,062.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. International Business Machines Corporation pays an annual dividend of $6.64, resulting in a dividend yield of 5.38%, and it has a price to earnings (P/E) ratio of 60.08. IBM’s most recent ex-dividend date was 5/9/2023 when it declared a $1.66 quarterly dividend that was paid in cash on 6/10/2023. Previously, the company paid the dividend on 3/10/2023 with an ex-dividend date of 2/9/2023. The IBM stock dividend was $1.65 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for IBM in the last 3 months, the mean price target is $140.22 with high estimates of $162.00 and low estimates of $110.00. In terms of 52-week highs and lows, IBM has a high of $153.21 and a low of $115.54.
As of this writing, IBM has an earnings estimate of $2 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $2.11 per share and a lower estimate of $1.89.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. IBM’s latest balance sheet shows that the firm has $7.25B in Cash & Short Term Investments as of fiscal 2021. There were $55.14B in debt and $33.62B in liabilities at the time. Its Book Value Per Share was $23.81, while its Total Shareholder’s Equity was $19.00B.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IBM is Buy with a score of 3.22.