The stock of Trimble Inc (TRMB) has seen a -1.57% decrease in the past week, with a -0.51% drop in the past month, and a 22.47% flourish in the past quarter. The volatility ratio for the week is 2.05%, and the volatility levels for the past 30 days are at 2.03% for TRMB. The simple moving average for the past 20 days is -1.39% for TRMB’s stock, with a 18.00% simple moving average for the past 200 days.
Is It Worth Investing in Trimble Inc (NASDAQ: TRMB) Right Now?
Trimble Inc (NASDAQ: TRMB) has a price-to-earnings ratio that is above its average at 49.74x. The stock has a 36-month beta value of 1.51. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for TRMB is 244.39M, and at present, short sellers hold a 1.31% of that float. On April 09, 2024, the average trading volume of TRMB was 1.45M shares.
TRMB) stock’s latest price update
The stock of Trimble Inc (NASDAQ: TRMB) has increased by 1.19 when compared to last closing price of 61.45.Despite this, the company has seen a loss of -1.57% 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.
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 4.55% 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 -5.14% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares sank -1.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.29% upper at present.
During the last 5 trading sessions, TRMB fell by -1.57%, which changed the moving average for the period of 200-days by +22.72% in comparison to the 20-day moving average, which settled at $63.01. In addition, Trimble Inc saw 16.88% 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 4.81. 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
To sum up, Trimble Inc (TRMB) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
