At the time of writing, Garmin Ltd [GRMN] stock is trading at $166.27, down -0.01%. An important factor to consider is whether the stock is rising or falling in short-term value. The GRMN shares have gain 2.01% over the last week, with a monthly amount drifted -5.54%, and not 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 October 07, 2024, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $138 from $155. Previously, Barclays downgraded its rating to Underweight on September 13, 2024, and dropped its price target to $133. On May 22, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $150 on the stock. JP Morgan downgraded its rating to a Neutral but stick to its price target of $135 on January 08, 2024. In a note dated November 09, 2022, Barclays initiated an Equal Weight rating and provided a target price of $97 on this stock.
For the past year, the stock price of Garmin Ltd fluctuated between $99.99 and $184.42. Currently, Wall Street analysts expect the stock to reach $146.8 within the next 12 months. Garmin Ltd [NYSE: GRMN] shares were valued at $166.27 at the most recent close of the market. An investor can expect a potential drop of -11.71% based on the average GRMN price forecast.
Analyzing the GRMN fundamentals
According to Garmin Ltd [NYSE:GRMN], the company’s sales were 5.65B for trailing twelve months, which represents an 14.07% jump. 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 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.2 and Total Capital is 0.17. 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 164.22 points at the first support level, and at 162.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 168.10, and for the 2nd resistance point, it is at 169.94.
Ratios To Look Out For
It is important to note that Garmin Ltd [NYSE:GRMN] has a current ratio of 2.88. On the other hand, the Quick Ratio is 2.07, and the Cash Ratio is 1.19. Considering the valuation of this stock, the price to sales ratio is 5.66, the price to book ratio is 4.56 and price to earnings (TTM) ratio is 23.27.
Transactions by insiders
Recent insider trading involved Straub Philip, EVP, Man. Director – Aviation, that happened on Aug 30 ’24 when 2750.0 shares were sold. Officer, Philip Straub completed a deal on Aug 30 ’24 to buy 2750.0 shares. Meanwhile, VP, Human Resources MINARD LAURIE A sold 87.0 shares on Aug 28 ’24.
