For the most recent trading session, International Business Machines Corporation (NYSE:IBM) shares stayed in a range of $158.93 – 160.79. Sell-side street analysts on consensus have a target price of $157.10 on the stock.
Investors might be also be tracking the stock’s current price in relation to its moving averages. The moving average is a widely employed technical indicator that assists in price action analysis. Watching moving averages may aid with identifying trend direction, and moving averages may be used to evaluate support and resistance levels. A recent look shows that the stock has been seen $3.57 off of the 200-day moving average of $156.43. Shares have recently traded $3.30 separated from the the 50-day moving average of $156.70.
Keeping an eye on the stock’s current price compared to its 52 week highs and lows may also be important. Traders may use these numbers to help figure out the current value of a stock, and to try to predict future price movement. When a stock price gets close to either the 52 week high or low, this tends to draw the attention of investors and traders. Recently, shares of the company traded +36.87% away from its 52-week low of $116.90 and -3.03% away from the 52-week high of $165.00.
Investors and analysts frequently use a company’s price to earnings ratio as a way to measure the share price relative to earnings. The company currently has a P/E ratio of 13.04. Analysts and investors also examine a company’s PEG Ratio or price to earnings growth ratio when evaluating the stock. The price to earnings growth ratio is a stock’s price to earnings ratio divided by the growth rate of its earnings for a specific time period. Using the PEG ratio alone, a company with a PEG Ratio below one may indicate the stock as being undervalued. On the other hand, if a company has a PEG Ratio that is above one, it may be deemed overvalued. A PEG Ratio that hovers around one may point to the company being fair value. The current PEG Ratio for the company is 4.15.