The stock of Trimble Inc. (NASDAQ:TRMB) increased by $0.12 on Tuesday to finish at $55.64, up 0.22 percent. The last five days have seen an average of 1,685,780 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $5.08. The average number of shares traded over the last 20 days was 1,418,510, while the average volume over the last 50 days totaled 1,157,858.
TRMB stock appreciated 3.57% since last month. On 07/20/23, the company’s shares reached a one-month low of $52.16. The stock touched a high of $72.24 on 02/02/23, after rallying from a low of $45.43 in 52 weeks. The price of TRMB stock has risen by 10.05% or $5.08 this year, reaching a new high 12 times. Still, the stock price is down -22.98% from the 52-week high.
Insider Transactions
TRMB stock investors should be aware that Trimble Inc. (TRMB) stock had its last reported insider trading activity 6 days ago on Aug 10. On Aug 10, President & CEO PAINTER ROBERT G sold 3,000 shares at $55.00 each. This transaction resulted in the insider making $165,000. On Jul 11, PAINTER ROBERT G sold 2,500 shares at a price of US$53.00. After the transaction, the insider now owns 215,356 shares. President & CEO PAINTER ROBERT G had earlier sold 2,500 shares on Jun 13 for $51.31 a share. The transaction was completed for $128,275.
Valuation Metrics
Trimble Inc. (TRMB) has a trailing price-to-earnings (P/E) ratio of 40.14. Beta for the stock is 1.54. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.76, the price-to-book (PB) ratio of 3.19, and the price-to-cash flow ratio of 27.10.
Financial Health
For the three months ended June 29, Trimble Inc.’s quick ratio was 0.80, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.74, and the total debt to equity ratio is 0.74. As far as profitability goes, gross margin for the trailing twelve months is 59.80% percent. Trimble Inc.’s EBITDA margin for the year ended June 29 was 19.39%, whereas its operating margin stood at 12.40% for the same period. Based on annual data, it had gross profit of $2.11 billion and revenue of $3.68 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TRMB’s return on assets (ROA) during the last 12 months has been 4.30%. There was a 8.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 8.40%.
Earnings Surprise
According to Trimble Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $868.5 million, while revenues fell by -41.87% to $800.0 million. It was predicted that Trimble Inc.’s quarterly earnings would be $0.64, but it ended up being $0.59, beating the consensus by 8.50%. EBITDA was $165.8 million for the quarter. At the end of Trimble Inc.’s most recent quarter ended June 29, its liabilities totaled 5.22 billion, while its total debt was $3.3 billion. Equity owned by shareholders amounts to $248.32 million.
Technical Picture
Here’s a quick look at Trimble Inc.’s (TRMB) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 64.79%, suggesting the stock is Neutral, with a 19.98% historical volatility rate.
The stochastic %K and %D were 84.07% and 78.47% respectively, while the average true range (ATR) was 1.10. Based on the 14-day stochastic reading of 85.64%, the RSI (14) reading is 62.64%. On the 9-day MACD Oscillator, the stock is at 0.33, and the 14-day reading is at 0.95.
Analyst Ratings
In its most recent analyst report, Edward Jones raised its rating on Trimble Inc. (NASDAQ: TRMB) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Trimble Inc. (TRMB) an Overweight rating. TRMB is a stock that is recommended for selling by 1 brokerage firm, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 4 others recommend it as a buy.
What is TRMB’s price target for the next 12 months?
The current consensus forecast for the stock is between $40.00 and $79.00, with a median target price of $63.00. In analyzing these forecasts, the average price target given by analysts for Trimble Inc. (TRMB) is $60.03.
