International Business Machines Corporation, commonly referred to as IBM, is one of the largest companies in the world and a market leader in technology. The company’s stock recently traded at 136.4 USD per share with a 0.39 USD change from the previous close, indicating a 0.2867 percent increase from its previous value. With an annual high of 153.21 USD and an annual low of 115.55 USD, IBM has seen constant improvement year-on-year in terms of its stock prices. The company also has a current market capitalization of 122,258,048,000 USD as of 3rd February 2023, which is up from 121,742,060,800 on 2nd February 2023 and 121,084,068,000 on 1st February 2023 respectively.
IBM’s impressive current market cap indicates that it is in a very strong financial position and should be able to continue to grow over the long term without any major issues or hiccups along the way. Furthermore, its price average for 50 days stands at 141.41 USD while its average price for 200 days stood at 135.72 USD as of 3rd February 2023 showing consistent growth over time and providing further evidence that IBM is well positioned financially now and going forward into the future. With earnings per share (EPS) standing at 6.09 USD and price-to-earnings (PE) ratio standing at 22.4 on 3rd February 2023 IBM provides a very attractive investment option for investors looking for strong returns in technology stocks over the long term .
