Trimble Inc (NASDAQ:TRMB) shares, rose in value, with the stock price up by 1.59% to the previous day’s close as strong demand from buyers drove the stock to $60.15.
Actively observing the price movement in the last trading, the stock closed the session at $59.21. The PE ratio was 48.12 over 12-month period. Referring to stock’s 52-week performance, its high was $65.55, and the low was $39.57. On the whole, TRMB has fluctuated by -4.98% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.61B, with a low estimate of 840.58M and a high estimate of 930.73M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 912.17M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TRMB’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.81, with the price of TRMB currently trading nearly -0.98% and -2.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.34, while the 7-day volatility ratio is showing 1.85% which for the 30-day chart, stands at 1.96%. Furthermore, Trimble Inc (TRMB)’s beta value is 1.51, and its average true range (ATR) is 1.25.
A comparison of Trimble Inc (TRMB) with its peers suggests the former has fared considerably weaker in the market. TRMB showed an intraday change of 1.59% in last session, and over the past year, it grew by 30.34%%.
Data on historical trading for Trimble Inc (NASDAQ:TRMB) indicates that the trading volumes over the past 3 months, they’ve averaged 1.51 million. According to company’s latest data on outstanding shares, there are 246.50 million shares outstanding.
Nearly 0.55% of Trimble Inc’s shares belong to company insiders and institutional investors own 96.03% of the company’s shares. The stock has risen by 13.06% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TRMB stock heading into the next quarter.
