Trimble Stock Odds of Future Stock Price Finishing Over 62.23

TRMB Stock  USD 75.28  1.33  1.80%   
Trimble's future price is the expected price of Trimble instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Trimble performance during a given time horizon utilizing its historical volatility. Check out Trimble Backtesting, Trimble Valuation, Trimble Correlation, Trimble Hype Analysis, Trimble Volatility, Trimble History as well as Trimble Performance.
For information on how to trade Trimble Stock refer to our How to Trade Trimble Stock guide.
  
The current year's Price To Sales Ratio is expected to grow to 6.29. The current year's Price Earnings Ratio is expected to grow to 45.47. Please specify Trimble's target price for which you would like Trimble odds to be computed.

Trimble Target Price Odds to finish over 62.23

The tendency of Trimble Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to stay above $ 62.23  in 90 days
 75.28 90 days 62.23 
about 56.66
Based on a normal probability distribution, the odds of Trimble to stay above $ 62.23  in 90 days from now is about 56.66 (This Trimble probability density function shows the probability of Trimble Stock to fall within a particular range of prices over 90 days) . Probability of Trimble price to stay between $ 62.23  and its current price of $75.28 at the end of the 90-day period is about 54.27 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.53 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Trimble will likely underperform. Additionally Trimble has an alpha of 0.1622, implying that it can generate a 0.16 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Trimble Price Density   
       Price  

Predictive Modules for Trimble

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Trimble. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
70.8073.3875.96
Details
Intrinsic
Valuation
LowRealHigh
69.0971.6774.25
Details
Naive
Forecast
LowNextHigh
68.2470.8273.41
Details
12 Analysts
Consensus
LowTargetHigh
56.2961.8668.66
Details

Trimble Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Trimble is not an exception. The market had few large corrections towards the Trimble's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Trimble, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Trimble within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.16
β
Beta against Dow Jones2.53
σ
Overall volatility
6.08
Ir
Information ratio 0.12

Trimble Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Trimble for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Trimble can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Trimble is unlikely to experience financial distress in the next 2 years
Trimble currently holds 3.22 B in liabilities with Debt to Equity (D/E) ratio of 0.44, which is about average as compared to similar companies. Trimble has a current ratio of 0.97, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Trimble's use of debt, we should always consider it together with its cash and equity.
Over 97.0% of Trimble shares are owned by institutional investors
Latest headline from businesswire.com: Infotech Announces Two Executive Team Appointments

Trimble Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Trimble Stock often depends not only on the future outlook of the current and potential Trimble's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Trimble's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding249.1 M
Cash And Short Term Investments229.8 M

Trimble Technical Analysis

Trimble's future price can be derived by breaking down and analyzing its technical indicators over time. Trimble Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Trimble. In general, you should focus on analyzing Trimble Stock price patterns and their correlations with different microeconomic environments and drivers.

Trimble Predictive Forecast Models

Trimble's time-series forecasting models is one of many Trimble's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Trimble's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Trimble

Checking the ongoing alerts about Trimble for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Trimble help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Trimble is unlikely to experience financial distress in the next 2 years
Trimble currently holds 3.22 B in liabilities with Debt to Equity (D/E) ratio of 0.44, which is about average as compared to similar companies. Trimble has a current ratio of 0.97, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Trimble's use of debt, we should always consider it together with its cash and equity.
Over 97.0% of Trimble shares are owned by institutional investors
Latest headline from businesswire.com: Infotech Announces Two Executive Team Appointments
When determining whether Trimble offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Trimble's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Trimble Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Trimble Stock:
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Trimble. If investors know Trimble will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Trimble listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.47)
Earnings Share
5.98
Revenue Per Share
14.768
Quarterly Revenue Growth
(0.09)
Return On Assets
0.0321
The market value of Trimble is measured differently than its book value, which is the value of Trimble that is recorded on the company's balance sheet. Investors also form their own opinion of Trimble's value that differs from its market value or its book value, called intrinsic value, which is Trimble's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Trimble's market value can be influenced by many factors that don't directly affect Trimble's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Trimble's value and its price as these two are different measures arrived at by different means. Investors typically determine if Trimble is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trimble's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.