Trimble Inc (NASDAQ: TRMB) has a price-to-earnings ratio of 12.57x that is above its average ratio. Additionally, the 36-month beta value for TRMB is 1.53. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 5 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for TRMB is 243.33M and currently, short sellers hold a 1.28% ratio of that float. The average trading volume of TRMB on December 04, 2024 was 1.29M shares.
TRMB) stock’s latest price update
Trimble Inc (NASDAQ: TRMB)’s stock price has increased by 1.74 compared to its previous closing price of 73.95. However, the company has seen a 3.96% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-27 that Trimble’s strategic shift towards software-driven models and double-digit ARR growth supports a ‘Buy’ rating with a one-year target price of $86 per share. Divestiture of non-core businesses, including a $2 billion joint venture sale to AGCO, enables Trimble to focus on high-growth areas and unlock value. Projected organic revenue growth of 8% and ARR growth of 11%-13% in FY24, driven by strong performance in Buildings and Infrastructure, Geospatial, and other segments.
TRMB’s Market Performance
Trimble Inc (TRMB) has experienced a 3.96% rise in stock performance for the past week, with a 22.71% rise in the past month, and a 34.88% rise in the past quarter. The volatility ratio for the week is 1.43%, and the volatility levels for the past 30 days are at 2.44% for TRMB. The simple moving average for the past 20 days is 4.18% for TRMB’s stock, with a 25.99% simple moving average for the past 200 days.
Analysts’ Opinion of TRMB
Piper Sandler, on the other hand, stated in their research note that they expect to see TRMB reach a price target of $68, previously predicting the price at $51. The rating they have provided for TRMB stocks is “Overweight” according to the report published on February 13th, 2024.
Raymond James gave a rating of “Outperform” to TRMB, setting the target price at $65 in the report published on September 29th of the previous year.
TRMB Trading at 14.50% 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 able to rebound, for now settling with 0.91% of gains for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 1.43%, as shares surge +21.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.42% upper at present.
During the last 5 trading sessions, TRMB rose by +3.84%, which changed the moving average for the period of 200-days by +24.98% in comparison to the 20-day moving average, which settled at $72.21. In addition, Trimble Inc saw 41.42% 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
- 0.62 for the gross margin
The net margin for Trimble Inc stands at 0.41. The total capital return value is set at 0.05. Equity return is now at value 28.91, with 15.39 for asset returns.
Based on Trimble Inc (TRMB), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is 2.88.
Currently, EBITDA for the company is 768.6 million with net debt to EBITDA at 1.19. When we switch over and look at the enterprise to sales, we see a ratio of 5.29. The receivables turnover for the company is 6.91for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
Conclusion
In conclusion, Trimble Inc (TRMB) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
