International Business Machines Corporation (NYSE:IBM) went up by 2.56% from its latest closing price compared to the recent 1-year high of $158.75. The company’s stock price has collected 5.38% of gains in the last five trading sessions. MarketWatch.com reported on 11/04/20 that These stocks rose the most Wednesday as investors cheered a divided government following the elections
Is It Worth Investing in International Business Machines Corporation (NYSE :IBM) Right Now?
International Business Machines Corporation (NYSE:IBM) scored a price-to-earnings ratio above its average ratio, recording 12.81 x from its present earnings ratio. Plus, the 36-month beta value for IBM is at 1.26. Opinions of the stock are interesting as 4 analysts out of 15 who provided ratings for International Business Machines Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 8 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $136.15, which is $21.16 above the current price. IBM currently public float of 890.01M and currently shorts hold a 2.58% ratio of that float. Today, the average trading volume of IBM was 5.02M shares.
IBM’s Market Performance
IBM stocks went up by 5.38% for the week, with a monthly