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Friday, September 17, 2021

International Business Machines Corporation (NYSE:IBM) on the Path to Ruin

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International Business Machines Corporation (IBM) shares are trading at lower $117.37 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $136.87.

To add more color to this target, the company’s high over the last year is $158.75 and the low is $90.56. Over the last 52 weeks, IBM is down -11.47% while the S&P 500 is up 14.46%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, IBM reported a profit of $8.7 billion. International Business Machines Corporation also saw revenues increase to $18.12 billion. In addition, IBM has free cash flow of $6.84 billion as of 06-2020. The company’s EBITDA came in at $3.55 billion which compares well with its peers.

IBM booked profit margins of 10.40%, its Return on Equity (ROE) is 39.70%, and its Return on Assets is 5.20%. All told, it is clear that, IBM needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. IBM has a short ratio of 4.74 and outstanding shares of 889.44M.

Company Outlook

IBM has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 4.89 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 8.97. International Business Machines Corporation IBM also noted assets of $154.2 billion at the end of the last quarter. Investors should also keep an eye on sector updates as IBM has historically followed its peers on positive news.

All told, International Business Machines Corporation IBM has strung together solid data and demonstrated underlying fundamentals. At its current valuation, IBM represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

International Business Machines Corporation IBM is now commanding a market cap of 103.66B and a float of 889.20M. IBM is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of IBM stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in IBM, either long or short, and we have not been compensated for this article.

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