A share price of Trimble Inc [TRMB] is currently trading at $53.17, up 1.01%. An important factor to consider is whether the stock is rising or falling in short-term value. The TRMB shares have gain 5.10% over the last week, with a monthly amount drifted -9.28%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Trimble Inc [NASDAQ: TRMB] stock has seen the most recent analyst activity on February 13, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $68 from $51. Previously, Raymond James upgraded its rating to Outperform on September 29, 2023, and kept the price target unchanged to $65. On April 05, 2023, upgrade upgraded it’s rating to Buy. Northcoast downgraded its rating to a Sell but stick to its price target of $40 on March 07, 2023. Raymond James downgraded its rating to a Mkt Perform. Piper Sandler downgraded its rating to Neutral for this stock on September 08, 2022, and downed its price target to $70. In a note dated August 17, 2022, Wolfe Research initiated an Peer Perform rating.
Trimble Inc experienced fluctuations in its stock price throughout the past year between $39.57 and $65.55. Currently, Wall Street analysts expect the stock to reach $67.67 within the next 12 months. Trimble Inc [NASDAQ: TRMB] shares were valued at $53.17 at the most recent close of the market. An investor can expect a potential return of 27.27% based on the average TRMB price forecast.
Analyzing the TRMB fundamentals
Trailing Twelve Months sales for Trimble Inc [NASDAQ:TRMB] were 3.71B which represents -12.36% decline. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.53%, and Net Profit Margin reading is 0.41%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.32 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 52.64 points at the first support level, and at 52.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.59, and for the 2nd resistance point, it is at 54.02.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Trimble Inc [NASDAQ:TRMB] is 0.99. On the other hand, the Quick Ratio is 0.88, and the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 3.50, the price to book ratio is 2.91 and price to earnings (TTM) ratio is 8.68.
Transactions by insiders
Recent insider trading involved Large Peter, Senior Vice President, that happened on Apr 16 ’24 when 1447.0 shares were sold. Senior VP, CES, SCHWARTZ MARK DAVID completed a deal on Apr 16 ’24 to sell 2322.0 shares. Meanwhile, Senior VP, CES SCHWARTZ MARK DAVID sold 235.0 shares on Apr 15 ’24.
