Trimble Inc (NASDAQ: TRMB) has a price-to-earnings ratio that is above its average at 9.93x. The stock has a 36-month beta value of 1.49. 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 243.25M, and at present, short sellers hold a 1.07% of that float. On October 02, 2024, the average trading volume of TRMB was 1.30M shares.
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TRMB) stock’s latest price update
The stock of Trimble Inc (NASDAQ: TRMB) has decreased by -2.09 when compared to last closing price of 62.09. Despite this, the company has experienced a 3.88% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-27 that WESTMINSTER, Colo. , Sept. 27, 2024 /PRNewswire/ — Trimble (Nasdaq: TRMB) announced today it will host the following event with the financial community: Event: Trimble Investor Day 2024 Presenters: President and Chief Executive Officer, Rob Painter and Chief Financial Officer, Phil Sawarynski, along with members of Trimble’s senior management team, will provide an in-depth overview of Trimble’s Connect & Scale strategy, new reporting segments and financial objectives.
TRMB’s Market Performance
Trimble Inc (TRMB) has seen a 3.88% rise in stock performance for the week, with a 7.23% gain in the past month and a 8.13% surge in the past quarter. The volatility ratio for the week is 2.18%, and the volatility levels for the past 30 days are at 2.38% for TRMB. The simple moving average for the last 20 days is 5.63% for TRMB stock, with a simple moving average of 7.47% for the last 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 9.19% 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 -7.26% of loss for the given period.
Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +10.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.09% upper at present.
During the last 5 trading sessions, TRMB rose by +3.88%, which changed the moving average for the period of 200-days by +23.51% in comparison to the 20-day moving average, which settled at $57.84. In addition, Trimble Inc saw 14.27% 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 1,447 shares at the price of $59.10 back on Apr 16 ’24. After this action, Large Peter now owns 8,220 shares of Trimble Inc, valued at $85,518 using the latest closing price.
SCHWARTZ MARK DAVID, the Senior VP, CES of Trimble Inc, sale 2,322 shares at $59.10 during a trade that took place back on Apr 16 ’24, which means that SCHWARTZ MARK DAVID is holding 10,265 shares at $137,230 based on the most recent closing price.
Stock Fundamentals for TRMB
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.6 for the gross margin
The net margin for Trimble Inc stands at 0.41. The total capital return value is set at 0.06. Equity return is now at value 30.34, with 15.78 for asset returns.
Based on Trimble Inc (TRMB), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is 3.01.
Currently, EBITDA for the company is 745.0 million with net debt to EBITDA at 1.37. When we switch over and look at the enterprise to sales, we see a ratio of 4.26. The receivables turnover for the company is 6.44for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
To sum up, Trimble Inc (TRMB) has seen a better 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.
