International Business Machines Corporation (IBM) is an interesting player in the Technology space, with a focus on Information Technology Services. The stock has been active on the tape, currently trading at $164.20, up from yesterday’s close by 0.01%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
International Business Machines Corporation (IBM) currently trades with a market capitalization of $152.61 Billion. That value represents a market adjusting for revenues that have been falling by -0.38 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of $11.4 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $5.16 on a per share basis this quarter. Perhaps, that suggests something about why 0.20% of the outstanding share supply is held by institutional investors.
It’s important to check the technicals to get a sense of how IBM has been acting. Looking at the stock’s movement on the chart, International Business Machines Corporation recorded a 52-week high of $182.79. It is now trading 18.59% off that level. The stock is trading $153.96 its 50-day moving average by -10.24%. The stock carved out a 52-week low down at $139.13.
In recent action, International Business Machines Corporation (IBM) has made a move of +4.76% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 21.04, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.73% with $925.00 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of IBM.