Trimble Inc. (NASDAQ:TRMB) went up by 1.85% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Scientific & Technical Instruments giant went up by $43.01 to trade ended Tuesday trading at $42.23. This is up from the $42.23 price recorded on Monday’s trading session. Thanks to this latest performance, TRMB is closer to the higher price 52-week target of $52.00 and further from the lowest price target of $30.00. Its performance from the start of the year has also been positive, with TRMB up by 3.17% year-to-date.
Trimble Inc. (TRMB) started the day trading at $43.92 and recorded an intraday high of $43.92. It also recorded an intraday low of $42.03 during Tuesday’s trading session. Trimble Inc. is a very active stock that recorded a trading volume that is less than -54.89% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 1103989, which is less than -54.89 of the total average daily trading volume of 1.71 million.
Trimble Inc. (NASDAQ:TRMB) 2020 Performance Impressive
The increase in TRMB’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of TRMB currently stands at $46.67, which is higher than the current trading price of the stock by 7.84%. However, TRMB’s current trading price is -114.94% lower than the 52-week low price of $20.01. In terms of trading volume, Trimble Inc. currently experienced healthy participation during the last trading session. 1103989 shares of Trimble Inc. were traded on the stock exchange on Tuesday, which is less than -54.89% of the 1.71 million average trading volume of the stock.
The performance of the stock has been positive over the past year. TRMB’s performance over the past one year has seen it surge by 0.49%, while the stock has gone up by 6.59% in the last six months. The quarterly performance of TRMB currently stands at 94.70%, and it is up by 21.50% in the last month. The only negative figure was from the weekly performance, which currently reads -2.08%. At the time of writing TRMB’s report, the company has a total market cap of $10.70B, making it one of the largest publicly-traded companies in the world.Trimble Inc. also has over 11484 employees all over the world.
TRMB Insider Activities
For Trimble Inc., insiders hold 97.70% of all company shares. The insider transactions over the past six months are up by 55.10%. During that period, insiders bought 512,414 shares in 35 transactions. In that same period, insiders sold 297,169 of their shares in 31 transactions. After these transactions, insiders at Trimble Inc. now hold 1.27M shares, which is over 91.86% of the total company stocks. Institutional investors currently hold a large chunk of the TRMB shares, as they control 0.51% of the company’s total stock.
TRMB Fundamental Analysis
For Trimble Inc., the stock’s diluted earnings per share (EPS) stands at 2.04. In the coming year, analysts expect the EPS to be 2.02. The EPS growth will up over the next five years to 7.00% after surging by 20.20% in the previous five years. In terms of revenue, Trimble Inc.’s quarterly sales (YOY) is growing at 0.38, which is lower than the average annual revenue of 20.20% over the past half a decade.
The Return on Investment (ROI) on Trimble Inc.’s stock currently stands at 11.00%, and it has a net profit margin of 15.80%. The operating margin of the company is 11.90%, and its gross margin is 54.80%.
TRMB Analysts Prediction
In May 29, 2020, several analysts reiterated their positions on the Trimble Inc. stock and predicted its performance to their investors. The analysts at Craig Hallum believe TRMB is still a Hold and set the price target between $36 and $38. The Craig Hallum has a Buy rating for Trimble Inc., predicting the stock price to stay between $35 and $36. Craig Hallum reiterate their Hold position on the stock ($36 and $35)
Needham and Dougherty & Company also believe that Trimble Inc.’s stock is outperforming at the moment.
At the moment, Trimble Inc.’s Total Debt to Equity ratio stands at 0.64, and they have a long-term Debt to Equity ratio of 0.55.
TRMB Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of TRMB currently stands at 3.73%, while the SMA50 is 17.49%. The biggest one is the SMA200, which is currently reading 11.65% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 59.80, while its price to earnings ratio (P/E) is 21.09.