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Saturday, June 3, 2023

An Evaluation Of Trimble Inc. (NASDAQ: TRMB) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Trimble Inc. (TRMB) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.09, or -0.20%, to $45.89. The Trimble Inc. has recorded 81,735 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Trimble and FHNW Establish Trimble Technology Lab in Switzerland.

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Stocks Info

TRMB belongs to the Technology sector of the NASDAQ while operating in the Scientific & Technical Instruments industry. At the end of the last regular session, the stock closed at $45.98 and fluctuated between $46.74 as its day high and $45.43 as its day low. The current market capitalization of Trimble Inc. is $11.27B. A total of 1.84 million shares were traded on the day, compared to an average of 1.29M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, TRMB has seen 1 BUY and 5 SELL insider trades, representing the acquisition of 15,066 and the disposition of 14,672 shares. Over the last 12 months, there were 47 BUYs and 41 SELLs from insiders. Insiders purchased 261,261 shares during that period but sold 144,233.

In the most recent transaction, Large Peter sold 950 shares of TRMB for 51.11 per share on Mar 08. After the transaction, the Senior Vice President now owns 154 company shares. In a previous transaction on Mar 03, Dalton James Calvin sold 1,500 shares at 53.20 per share. TRMB shares that Director owns now total 1,936.

Among the insiders who sold shares, PAINTER ROBERT G disposed of 5,000 shares on Feb 16 at a per-share price of $55.41. This resulted in the President & CEO holding 150,752 shares of TRMB after the transaction. In another insider transaction, MATTHEWS DARRYL R sold 4,000 shares at $71.30 per share on Aug 18. Company shares held by the SVP & Sector Head now total 38,136.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for TRMB in the last 3 months, the mean price target is $61.57 with high estimates of $83.00 and low estimates of $40.00. In terms of 52-week highs and lows, TRMB has a high of $72.24 and a low of $45.56.

As of this writing, TRMB has an earnings estimate of $0.67 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.72 per share and a lower estimate of $0.62.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. TRMB’s latest balance sheet shows that the firm has $325.70M in Cash & Short Term Investments as of fiscal 2021. There were $1.41B in debt and $1.19B in liabilities at the time. Its Book Value Per Share was $16.39, while its Total Shareholder’s Equity was $3.94B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TRMB is Hold with a score of 3.67. A total of 4 analysts rated the stock as Buy while 3 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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