At the time of writing, Garmin Ltd [GRMN] stock is trading at $216.59, up 0.38%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GRMN shares have gain 2.12% over the last week, with a monthly amount glided 6.05%, 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 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 $119.15 and $216.44. Currently, Wall Street analysts expect the stock to reach $174 within the next 12 months. Garmin Ltd [NYSE: GRMN] shares were valued at $216.59 at the most recent close of the market. An investor can expect a potential drop of -19.66% based on the average GRMN price forecast.
Analyzing the GRMN fundamentals
According to Garmin Ltd [NYSE:GRMN], the company’s sales were 5.96B for trailing twelve months, which represents an 24.15% jump. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.26%, 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 0.21 and Total Capital is 0.18.
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 215.66 points at the first support level, and at 214.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 217.64, and for the 2nd resistance point, it is at 218.69.
Ratios To Look Out For
It is important to note that Garmin Ltd [NYSE:GRMN] has a current ratio of 3.29. Also, the Quick Ratio is 2.33, while the Cash Ratio stands at 1.27. Considering the valuation of this stock, the price to sales ratio is 6.98, the price to book ratio is 5.54 and price to earnings (TTM) ratio is 27.51.
Transactions by insiders
Recent insider trading involved Biddlecombe Sean, Managing Director, EMEA, that happened on Nov 07 ’24 when 587.0 shares were sold. Officer, Sean Biddlecombe completed a deal on Nov 07 ’24 to buy 587.0 shares. Meanwhile, EVP, Man. Director – Aviation Straub Philip sold 2750.0 shares on Aug 30 ’24.
