Monthly Stock Overview: Trimble Inc. (TRMB)
Publication Date: September 22, 2024
Company Overview
Trimble Inc. (TRMB), headquartered in Westminster, Colorado, is a forward-thinking technology company focused on scientific and technical instruments designed to enhance work processes for professionals and mobile workers globally. Established in 1978, Trimble operates across diverse sectors, including Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. With a comprehensive suite of software and systems, the company has positioned itself as a key player within the Information Technology sector. In the Scientific and Technical Instruments industry, Trimble has achieved impressive financial results, reporting total revenues of approximately $3.71 billion. This performance reflects its operational strength and the burgeoning demand for advanced technologies.
Market Performance and Recommendations
Current analysis suggests a compelling ‘buy’ recommendation for Trimble Inc., indicating confidence in its growth trajectory. The stock’s current price is $58.57, situated below the target high price of $80.00. The mean target price of $70.02, along with a median price estimate of $71.00, illustrates a favorable outlook for potential investors. Notably, Trimble boasts a low short-selling interest, with only 1.16% of float shares sold short, suggesting positive sentiment in the market. These indicators highlight substantial upside potential and support a buy rating from analysts, reflected in a mean recommendation score of 1.9 from seven expert opinions.
Stock Stability and Trading Dynamics
Analyzing Trimble’s recent stock performance reveals it is currently trading between a fifty-two week high of $65.55 and a low of $39.57. This positioning showcases the stock’s resilience despite fluctuations over the past year. Moreover, with its current price above the fifty-day moving average of $55.36, there are signs of positive momentum. As Trimble continues to innovate and cater to emerging technological needs, it remains well-placed for future growth, making it an intriguing prospect for investors seeking opportunities in the evolving market landscape.
| Metric | Value |
|---|---|
| Market Cap | $14.3b |
| Total Debt | $1.9b |
| Total Cash | $944.1m |
| Shares Outstanding | 244.2m |
| Float Shares | 243.5m |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.