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.交易進行
Jan 10, 2024Reversal confirmation
交易進行
Feb 21, 2024👉 Trimble
TRMB stocks up 10 consecutive days in a row, with near 15% YTD performance.👉 A week ago Trimble beat fourth-quarter expectations with 9% revenue growth and strong recurring revenue.
👉 $800 million worth stock buyback has been announced also.
交易進行
Feb 22, 2024👉 Lets compare valuation of Trimble and Nasdaq-100 index.
👉 I feel it can be a 'Moment of Trimble'.
註釋
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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