Trimble is a company that specializes in software for navigation, guidance, and control of equipment for various industries, including construction and agriculture, trades at $54 per share, about 37% below the level seen two years ago in December 2021.
Looking at a slightly longer term,
TRMB stock has faced a notable decline of 25% from levels of $65 in early January 2021 to around $50 now, vs. an increase of about 25% for the S&P 500 over this roughly 3-year period. However, the decrease in TRMB stock has been far from consistent. Returns for the stock were 31% in 2021, -42% in 2022, and about 5% in 2023.
In comparison, returns for the
SPX have been 27% in 2021, -19% in 2022, and 25% in 2023 - indicating that TRMB underperformed the S&P in 2022 and 2023.
In fact, consistently beating the S&P 500 - equally in good times and in bad - has been quite difficult over recent years for individual stocks.
Given the current uncertain macroeconomic environment with high oil prices that still above its 5 years SMA, and elevated interest rates, lets take a look couldTRMB face a similar situation as it did in 2022 and 2023 and underperform the S&P over the next 12 months - or will it see a recovery?
Returning to almost pre-inflation shock high of around $80 means thatTRMB stock will have to gain about 50% from here, so potentially that will not materialize anytime in extremely fast mode.
Meanwhile the main technical graph saysTRMB stock getting a support around $40 level and breaks out its major 52-weeks SMA resistance first time over the past 5 years. Following this, it can takes the time while potentially TRMB stock is ok to recover the next one pre-inflation $80-85 level.
Looking at a slightly longer term,
TRMB stock has faced a notable decline of 25% from levels of $65 in early January 2021 to around $50 now, vs. an increase of about 25% for the S&P 500 over this roughly 3-year period. However, the decrease in TRMB stock has been far from consistent. Returns for the stock were 31% in 2021, -42% in 2022, and about 5% in 2023.In comparison, returns for the
SPX have been 27% in 2021, -19% in 2022, and 25% in 2023 - indicating that TRMB underperformed the S&P in 2022 and 2023.In fact, consistently beating the S&P 500 - equally in good times and in bad - has been quite difficult over recent years for individual stocks.
Given the current uncertain macroeconomic environment with high oil prices that still above its 5 years SMA, and elevated interest rates, lets take a look could
TRMB face a similar situation as it did in 2022 and 2023 and underperform the S&P over the next 12 months - or will it see a recovery?Returning to almost pre-inflation shock high of around $80 means that
TRMB stock will have to gain about 50% from here, so potentially that will not materialize anytime in extremely fast mode. Meanwhile the main technical graph says
TRMB stock getting a support around $40 level and breaks out its major 52-weeks SMA resistance first time over the past 5 years. Following this, it can takes the time while potentially TRMB stock is ok to recover the next one pre-inflation $80-85 level.Trade active
Jan 10, 2024Reversal confirmation
Trade active
Feb 21, 2024š Trimble
TRMB stocks up 10 consecutive days in a row, with near 15% YTD performance.š A week ago Trimble beat fourth-quarter expectations with 9% revenue growth and strong recurring revenue.
š $800 million worth stock buyback has been announced also.
Trade active
Feb 22, 2024š Lets compare valuation of Trimble and Nasdaq-100 index.
š I feel it can be a 'Moment of Trimble'.
Note
November 6, 2024Trimble shares rose +17.95% to new 52-weeks high, after 3Q Earnings beat, raised FY adjusted profit outlook.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.