At the time of writing, Trimble Inc [TRMB] stock is trading at $74.87, up 1.23%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TRMB shares have lost -0.70% over the last week, with a monthly amount glided 2.83%, and 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 December 04, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $92 from $74. Previously, Piper Sandler upgraded its rating to Overweight on February 13, 2024, and elevated its price target to $68. On September 29, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $65 on the stock. Edward Jones upgraded its rating to a Buy. Northcoast downgraded its rating to a Sell but $40 remained the price target by the analyst firm on March 07, 2023. Raymond James downgraded its rating to Mkt Perform for this stock on December 13, 2022. In a note dated September 08, 2022, Piper Sandler downgraded an Neutral rating on this stock and revised its target price from $82 to $70.
For the past year, the stock price of Trimble Inc fluctuated between $47.20 and $76.97. Currently, Wall Street analysts expect the stock to reach $84 within the next 12 months. Trimble Inc [NASDAQ: TRMB] shares were valued at $74.87 at the most recent close of the market. An investor can expect a potential return of 12.19% based on the average TRMB price forecast.
Analyzing the TRMB fundamentals
According to Trimble Inc [NASDAQ:TRMB], the company’s sales were 3.63B for trailing twelve months, which represents an -8.51% plunge. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.54%, and Net Profit Margin reading is 0.41%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.29 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.3.
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 73.81 points at the first support level, and at 72.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.75, and for the 2nd resistance point, it is at 76.62.
Ratios To Look Out For
It is important to note that Trimble Inc [NASDAQ:TRMB] has a current ratio of 1.16. In addition, the Quick Ratio stands at 1.07 and the Cash Ratio stands at 0.52. Considering the valuation of this stock, the price to sales ratio is 5.03, the price to book ratio is 4.10 and price to earnings (TTM) ratio is 12.51.
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.
