Garmin Ltd [GRMN] stock is trading at $145.96, down -1.63%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GRMN shares have lost -0.05% over the last week, with a monthly amount drifted -0.02%, and not seem to be holding up well over a long-time horizon.
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On 8, April 2024, Garmin announces General Counsel transition. In a post published today on Yahoo Finance, Josh Maxfield to assume General Counsel role from retiring Garmin veteran Andrew Etkind.
From an analyst’s perspective:
Garmin Ltd [NYSE: GRMN] stock has seen the most recent analyst activity on January 08, 2024, when JP Morgan downgraded its rating to a Neutral but kept the price target unchanged to $135 for it. On April 19, 2023, KeyBanc Capital Markets initiated with a Sector Weight rating. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $97 on November 09, 2022. BofA Securities downgraded its rating to a Neutral and reduced its price target to $109 on August 02, 2022. BofA Securities upgraded its rating to Buy for this stock on March 18, 2022, and downed its price target to $140. In a note dated January 05, 2022, Deutsche Bank upgraded an Buy rating on this stock and boosted its target price from $148 to $160.
Garmin Ltd [GRMN] stock has fluctuated between $94.89 and $149.54 over the past year. Currently, Wall Street analysts expect the stock to reach $137.75 within the next 12 months. Garmin Ltd [NYSE: GRMN] shares were valued at $145.96 at the most recent close of the market. An investor can expect a potential drop of -5.62% based on the average GRMN price forecast.
Analyzing the GRMN fundamentals
Garmin Ltd [NYSE:GRMN] reported sales of 5.23B for the trailing twelve months, which represents a growth of 13.48%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.2 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 145.16 points at the first support level, and at 144.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 146.99, and for the 2nd resistance point, it is at 148.02.
Garmin Ltd [GRMN] reported earnings per share of $1.72 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.39/share, meaning a difference of $0.33 and a surprise factor of 23.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.41 per share as compared to estimates of $1.29 per share, a difference of $0.12 representing a surprise of 9.30%.
Ratios To Look Out For
For context, Garmin Ltd’s Current Ratio is 3.39. Further, the Quick Ratio stands at 2.37, while the Cash Ratio is 1.29. Considering the valuation of this stock, the price to sales ratio is 5.35, the price to book ratio is 3.99 and price to earnings (TTM) ratio is 21.74.
Transactions by insiders
Recent insider trading involved BURRELL JONATHAN, Director, that happened on Mar 15 ’24 when 15000.0 shares were sold. Director, BURRELL JONATHAN completed a deal on Mar 14 ’24 to sell 15000.0 shares. Meanwhile, Director BURRELL JONATHAN sold 15000.0 shares on Mar 13 ’24.
