A share price of Garmin Ltd [GRMN] is currently trading at $179.34, up 1.57%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GRMN shares have gain 4.21% over the last week, with a monthly amount glided 10.08%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Garmin Ltd [NYSE: GRMN] stock has seen the most recent analyst activity on May 22, 2024, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $150 from $165. Previously, JP Morgan downgraded its rating to Neutral on January 08, 2024, and kept the price target unchanged to $135. KeyBanc Capital Markets started tracking the stock assigning a Sector Weight rating. Barclays initiated its recommendation with a Equal Weight and recommended $97 as its price target on November 09, 2022. BofA Securities downgraded its rating to Neutral for this stock on August 02, 2022, and downed its price target to $109. In a note dated March 18, 2022, BofA Securities upgraded an Buy rating on this stock and revised its target price from $165 to $140.
Garmin Ltd experienced fluctuations in its stock price throughout the past year between $99.61 and $178.51. Currently, Wall Street analysts expect the stock to reach $149 within the next 12 months. Garmin Ltd [NYSE: GRMN] shares were valued at $179.34 at the most recent close of the market. An investor can expect a potential drop of -16.92% based on the average GRMN price forecast.
Analyzing the GRMN fundamentals
Trailing Twelve Months sales for Garmin Ltd [NYSE:GRMN] were 5.46B which represents 20.41% growth. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.2 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.
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 177.76 points at the first support level, and at 176.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 180.34, and for the 2nd resistance point, it is at 181.34.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Garmin Ltd [NYSE:GRMN] is 4.03. In addition, the Quick Ratio stands at 2.86 and the Cash Ratio stands at 1.72. Considering the valuation of this stock, the price to sales ratio is 6.31, the price to book ratio is 4.75 and price to earnings (TTM) ratio is 25.29.
Transactions by insiders
Recent insider trading involved PEMBLE CLIFTON A, President and CEO, that happened on Jun 18 ’24 when 15931.0 shares were sold. CFO and Treasurer, Boessen Douglas G. completed a deal on Jun 10 ’24 to sell 2350.0 shares. Meanwhile, EVP, Operations Desbois Patrick sold 4126.0 shares on Jun 04 ’24.
