Trimble Inc (TRMB) Beta Value: Understanding the Market Risk

The price-to-earnings ratio for Trimble Inc (NASDAQ: TRMB) is above average at 46.29x. The 36-month beta value for TRMB is also noteworthy at 1.51. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”

The public float for TRMB is 244.39M, and at present, short sellers hold a 1.19% of that float. The average trading volume of TRMB on April 19, 2024 was 1.50M shares.

TRMB) stock’s latest price update

The stock of Trimble Inc (NASDAQ: TRMB) has decreased by -1.08 when compared to last closing price of 58.49. Despite this, the company has experienced a -6.72% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-17 that Trimble’s (TRMB) transforms Swedish forestry, with Holmen’s adoption of a CONNECTED FOREST suite for seamless digital transformation.

TRMB’s Market Performance

TRMB’s stock has fallen by -6.72% in the past week, with a monthly drop of -8.84% and a quarterly rise of 17.13%. The volatility ratio for the week is 2.10% while the volatility levels for the last 30 days are 2.05% for Trimble Inc The simple moving average for the past 20 days is -6.99% for TRMB’s stock, with a 9.03% 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 -5.00% 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 -11.73% of loss for the given period.

Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares sank -9.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.94% upper at present.

During the last 5 trading sessions, TRMB fell by -6.72%, which changed the moving average for the period of 200-days by +10.89% in comparison to the 20-day moving average, which settled at $61.92. In addition, Trimble Inc saw 8.76% 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 2,322 shares at the price of $59.10 back on Apr 16 ’24. After this action, SCHWARTZ MARK DAVID now owns 10,265 shares of Trimble Inc, valued at $137,230 using the latest closing price.

Large Peter, the Senior Vice President of Trimble Inc, sale 1,447 shares at $59.10 during a trade that took place back on Apr 16 ’24, which means that Large Peter is holding 8,220 shares at $85,518 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 4.53. 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 summary, Trimble Inc (TRMB) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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