Trimble Inc [TRMB] stock prices are up 0.72% to $72.54 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TRMB shares have gain 2.66% over the last week, with a monthly amount drifted -3.10%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Trimble Inc [NASDAQ: TRMB] stock has seen the most recent analyst activity on December 16, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $90 for it. Previously, JP Morgan upgraded its rating to Overweight on December 04, 2024, and elevated its price target to $92. On February 13, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $68 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $65 on September 29, 2023. Edward Jones upgraded its rating to a Buy. Northcoast downgraded its rating to Sell for this stock on March 07, 2023, but kept the price target unchanged to $40. In a note dated December 13, 2022, Raymond James downgraded an Mkt Perform rating on this stock.
The stock price of Trimble Inc [TRMB] has been fluctuating between $48.60 and $76.97 over the past year. Currently, Wall Street analysts expect the stock to reach $86 within the next 12 months. Trimble Inc [NASDAQ: TRMB] shares were valued at $72.54 at the most recent close of the market. An investor can expect a potential return of 18.56% based on the average TRMB price forecast.
Analyzing the TRMB fundamentals
The Trimble Inc [NASDAQ:TRMB] reported sales of 3.63B for trailing twelve months, representing a drop of -8.51%. 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 71.50 points at the first support level, and at 70.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 73.12, and for the 2nd resistance point, it is at 73.69.
Ratios To Look Out For
It’s worth pointing out that Trimble Inc [NASDAQ:TRMB]’s Current Ratio is 1.16. Also, the Quick Ratio is 1.07, while the Cash Ratio stands at 0.52. Considering the valuation of this stock, the price to sales ratio is 4.88, the price to book ratio is 3.97 and price to earnings (TTM) ratio is 12.12.
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.
