Trimble Inc. (NASDAQ:TRMB) went down by -0.45% from its latest closing price compared to the recent 1-year high of $54.51. The company’s stock price has collected 2.23% of gains in the last five trading sessions. Press Release reported on 09/29/20 that Trimble Appoints James Dalton to Board of Directors
Is It Worth Investing in Trimble Inc. (NASDAQ :TRMB) Right Now?
Trimble Inc. (NASDAQ:TRMB) scored a price-to-earnings ratio above its average ratio, recording 25.39 x from its present earnings ratio. Plus, the 36-month beta value for TRMB is at 1.60. Opinions of the stock are interesting as 7 analysts out of 15 who provided ratings for Trimble Inc. declared the stock was a “buy,” while 3 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $53.42, which is $3.85 above the current price. TRMB currently public float of 249.01M and currently shorts hold a 1.07% ratio of that float. Today, the average trading volume of TRMB was 975.41K shares.
TRMB’s Market Performance
TRMB stocks went up by 2.23% for the week, with a monthly drop of -7.08% and a quarterly performance of 13.92%, while its annual performance rate touched 28.94%. The volatility ratio for the week stands at 2.03% while the volatility levels for the past 30 days are set at 2.80% for Trimble Inc.. The simple moving average for the period of the last 20 days is -2.27% for TRMB stocks with a simple moving average of 17.47% for the last 200 days.
Analysts’ Opinion of TRMB
Many brokerage firms have already submitted their reports for TRMB stocks, with Bernstein repeating the rating for TRMB by listing it as a “Outperform.” The predicted price for TRMB in the upcoming period, according to Bernstein is $61 based on the research report published on September 23rd of the current year 2020.
Wolfe Research, on the other hand, stated in their research note that they expect to see TRMB reach a price target of $56. The rating they have provided for TRMB stocks is “Outperform” according to the report published on August 25th, 2020.
Craig Hallum gave a rating of “Hold” to TRMB, setting the target price at $44 in the report published on August 06th of the current year.
TRMB Trading at -0.62% from the 50-Day Moving Average
After a stumble in the market that brought TRMB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.66% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares sank -8.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.61% upper at present.
During the last 5 trading sessions, TRMB rose by +2.23%, which changed the moving average for the period of 200-days by +20.69% in comparison to the 20-day moving average, which settled at $49.60. In addition, Trimble Inc. saw 16.81% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at TRMB starting from PEEK MARK S, who sale 25,000 shares at the price of $50.14 back on Sep 09. After this action, PEEK MARK S now owns 62,251 shares of Trimble Inc., valued at $1,253,600 using the latest closing price.
PAINTER ROBERT G, the President & CEO of Trimble Inc., sale 1,250 shares at $52.09 during a trade that took place back on Aug 25, which means that PAINTER ROBERT G is holding 75,575 shares at $65,113 based on the most recent closing price.
Stock Fundamentals for TRMB
Current profitability levels for the company are sitting at:
- +12.96 for the present operating margin
- +51.62 for the gross margin
The net margin for Trimble Inc. stands at +15.76. The total capital return value is set at 8.68, while invested capital returns managed to touch 11.13. Equity return is now at value 15.80, with 7.50 for asset returns.
Based on Trimble Inc. (TRMB), the company’s capital structure generated 63.68 points at debt to equity in total, while total debt to capital is 38.91. Total debt to assets is 29.91, with long-term debt to equity ratio resting at 55.73. Finally, the long-term debt to capital ratio is 34.05.
Currently, EBITDA for the company is 157.80M with total debt to EBITDA at 2.82. When we switch over and look at the enterprise to sales, we see a ratio of 3.77, with the company’s debt to enterprise value settled at 0.16. The receivables turnover for the company is 5.66 and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.