Trimble Inc (TRMB) Stock Observes Feb 12 BMO 200-Day Moving Average

The stock of Trimble Inc (TRMB) has seen a 6.49% increase in the past week, with a 6.78% gain in the past month, and a 33.37% flourish in the past quarter. The volatility ratio for the week is 1.64%, and the volatility levels for the past 30 days are at 2.07% for TRMB. The simple moving average for the past 20 days is 5.65% for TRMB’s stock, with a Feb 12 BMO simple moving average for the past 200 days.

Is It Worth Investing in Trimble Inc (NASDAQ: TRMB) Right Now?

The price-to-earnings ratio for Trimble Inc (NASDAQ: TRMB) is above average at 40.99x. The 36-month beta value for TRMB is also noteworthy at 1.46.

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The public float for TRMB is 247.25M, and at present, short sellers hold a 1.14% of that float. The average trading volume of TRMB on February 12, 2024 was 3.29 shares.

TRMB) stock’s latest price update

The stock price of Trimble Inc (NASDAQ: TRMB) has jumped by 54.99 compared to previous close of 59.91. Despite this, the company has seen a gain of 6.49% in its stock price over the last five trading days. Zacks Investment Research reported 2024-02-12 that While the top- and bottom-line numbers for Trimble (TRMB) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Analysts’ Opinion of TRMB

Many brokerage firms have already submitted their reports for TRMB stocks, with Raymond James repeating the rating for TRMB by listing it as a “Outperform.” The predicted price for TRMB in the upcoming period, according to Raymond James is $65 based on the research report published on September 29, 2023 of the previous year 2023.

TRMB Trading at 8.18% 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 -3.83% of loss for the given period.

Volatility was left at 2.07%, however, over the last 30 days, the volatility rate increased by 1.64%, as shares surge +7.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.30% upper at present.

During the last 5 trading sessions, TRMB rose by +6.97%, which changed the moving average for the period of 200-days by +19.70% in comparison to the 20-day moving average, which settled at $51.47. In addition, Trimble Inc saw 3.36% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at TRMB starting from SCHWARTZ MARK DAVID, who sale 1,821 shares at the price of $51.87 back on Feb 06. After this action, SCHWARTZ MARK DAVID now owns 10,163 shares of Trimble Inc, valued at $94,455 using the latest closing price.

SCHWARTZ MARK DAVID, the Senior VP, CES of Trimble Inc, sale 235 shares at $50.82 during a trade that took place back on Jan 16, which means that SCHWARTZ MARK DAVID is holding 9,708 shares at $11,943 based on the most recent closing price.

Stock Fundamentals for TRMB

Equity return is now at value 8.16, with 4.07 for asset returns.

Conclusion

In summary, Trimble Inc (TRMB) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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