Make Sure You Stick With International Business Machines Corp. (IBM). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Sevilla FC Transforms the Player Recruitment Process with the Power of IBM watsonx Generative AI.

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Stocks Info

International Business Machines Corp. is listed on the NYSE in the Technology sector while operating in the Information Technology Services industry. At the end of the last regular session, the stock closed at $172.83 and fluctuated between $174.45 as its day high and $172.40 as its day low. The current market capitalization of International Business Machines Corp. is $157.81B. A total of 4.92 million shares were traded on the day, compared to an average of 4.27M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, IBM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 37 BUYs and 39 SELLs from insiders. Insiders purchased 305,790 shares during that period but sold 185,103.

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.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. International Business Machines Corp. pays an annual dividend of $6.73, resulting in a dividend yield of 3.89%, and it has a price to earnings (P/E) ratio of 22.93. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for IBM in the last 3 months, the mean price target is $160.69 with high estimates of $210.00 and low estimates of $120.00. In terms of 52-week highs and lows, IBM has a high of $171.58 and a low of $120.55.

As of this writing, IBM has an earnings estimate of $iShares Russell 2000 ETF per share for the current quarter. EPS was calculated based on a consensus of International Business Machines estimates, with a high estimate of $Iron Mountain Incorporated (Del per share and a lower estimate of $ICICI Bank Limited.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $25.28, while its Total Shareholder’s Equity was $19.00B.

Analysts Opinion

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. 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 3.08.

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