Trimble Inc (TRMB) Shares Down Despite Recent Market Volatility

Trimble Inc (NASDAQ: TRMB) has experienced a decline in its stock price by -0.76 compared to its previous closing price of 62.83. However, the company has seen a fall of -1.72% in its stock price over the last five trading days. The Motley Fool reported 2024-03-31 that Meta is putting on an AI monetization clinic with no signs of slowing down. UiPath continues to grow annual recurring revenue and doesn’t expect it to slowdown anytime soon.

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

Trimble Inc (NASDAQ: TRMB) has a higher price-to-earnings ratio of 49.88x compared to its average ratio, The 36-month beta value for TRMB is at 1.51. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”

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The public float for TRMB is 244.39M, and currently, shorts hold a 1.31% of that float. The average trading volume for TRMB on April 04, 2024 was 1.42M shares.

TRMB’s Market Performance

TRMB stock saw a decrease of -1.72% in the past week, with a monthly decline of -0.32% and a quarterly a decrease of 18.88%. The volatility ratio for the week is 2.28%, and the volatility levels for the last 30 days are 1.96% for Trimble Inc (TRMB). The simple moving average for the past 20 days is -1.23% for TRMB’s stock, with a 18.64% simple moving average for the past 200 days.

Analysts’ Opinion of TRMB

Many brokerage firms have already submitted their reports for TRMB stocks, with Piper Sandler repeating the rating for TRMB by listing it as a “Overweight.” The predicted price for TRMB in the upcoming period, according to Piper Sandler is $68 based on the research report published on February 13, 2024 of the current year 2024.

Raymond James, on the other hand, stated in their research note that they expect to see TRMB reach a price target of $65. The rating they have provided for TRMB stocks is “Outperform” according to the report published on September 29th, 2023.

TRMB Trading at 6.00% 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 -4.88% of loss for the given period.

Volatility was left at 1.96%, however, over the last 30 days, the volatility rate increased by 2.28%, as shares surge +0.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.51% upper at present.

During the last 5 trading sessions, TRMB fell by -1.72%, which changed the moving average for the period of 200-days by +17.82% in comparison to the 20-day moving average, which settled at $63.16. In addition, Trimble Inc saw 17.20% 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 Large Peter, who sale 176 shares at the price of $65.00 back on Mar 21 ’24. After this action, Large Peter now owns 5,718 shares of Trimble Inc, valued at $11,440 using the latest closing price.

SCHWARTZ MARK DAVID, the Senior VP, CES of Trimble Inc, sale 235 shares at $61.88 during a trade that took place back on Mar 15 ’24, which means that SCHWARTZ MARK DAVID is holding 9,920 shares at $14,542 based on the most recent closing price.

Stock Fundamentals for TRMB

Current profitability levels for the company are sitting at:

  • 0.14 for the present operating margin
  • 0.61 for the gross margin

The net margin for Trimble Inc stands at 0.08. The total capital return value is set at 0.07. Equity return is now at value 7.28, with 3.70 for asset returns.

Based on Trimble Inc (TRMB), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 0.69. The interest coverage ratio of the stock is 3.22.

Currently, EBITDA for the company is 745.0 million with net debt to EBITDA at 3.74. When we switch over and look at the enterprise to sales, we see a ratio of 4.82. The receivables turnover for the company is 5.38for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.00.

Conclusion

In conclusion, Trimble Inc (TRMB) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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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