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Wednesday, December 6, 2023

It’s Not Over Yet For International Business Machines Corp. (NYSE: IBM)

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for International Business Machines Corp. (IBM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.01%, to $146.61. The International Business Machines Corp. has recorded 88,796 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed What Tech Type are You? IBM SkillsBuild Helps Learners Find their Path.

Stocks Info

IBM belongs to the Technology sector of the NYSE while operating in the Information Technology Services industry. At the end of the last regular session, the stock closed at $146.62 and fluctuated between $146.99 as its day high and $145.28 as its day low. The current market capitalization of International Business Machines Corp. is $133.88B. A total of 3.41 million shares were traded on the day, compared to an average of 3.99M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, IBM has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 4,168 and the disposition of 2,129 shares. Over the last 12 months, there were 40 BUYs and 43 SELLs from insiders. Insiders purchased 371,590 shares during that period but sold 221,850.

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.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. International Business Machines Corp. pays an annual dividend of $6.76, resulting in a dividend yield of 4.61%, and it has a price to earnings (P/E) ratio of 19.45. IBM’s most recent ex-dividend date was 11/9/2023 when it declared a $1.66 quarterly dividend that was paid in cash on 12/9/2023. Previously, the company paid the dividend on 9/9/2023 with an ex-dividend date of 8/9/2023. The IBM stock dividend was $1.66 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for IBM in the last 3 months, the mean price target is $147.21 with high estimates of $179.00 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 $120.55.

As of this writing, IBM has an earnings estimate of $2.01 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $2.05 per share and a lower estimate of $1.97. The company reported an EPS of $1.36 in the last quarter, which was 7.90% higher than expectations of $1.26.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $25.28, while its Total Shareholder’s Equity was $19.00B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.30.

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