A share price of Garmin Ltd [GRMN] is currently trading at $241.93, up 12.64%. An important factor to consider is whether the stock is rising or falling in short-term value. The GRMN shares have gain 14.35% over the last week, with a monthly amount glided 12.16%, and seem to be holding up well over a long-time horizon.
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.
Garmin Ltd experienced fluctuations in its stock price throughout the past year between $121.20 and $223.33. Currently, Wall Street analysts expect the stock to reach $174 within the next 12 months. Garmin Ltd [NYSE: GRMN] shares were valued at $241.93 at the most recent close of the market. An investor can expect a potential drop of -28.08% based on the average GRMN price forecast.
Analyzing the GRMN fundamentals
Trailing Twelve Months sales for Garmin Ltd [NYSE:GRMN] were 5.96B which represents 24.15% growth. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.19 and Total Capital is 0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 232.01 points at the first support level, and at 222.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 249.18, and for the 2nd resistance point, it is at 256.42.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Garmin Ltd [NYSE:GRMN] is 3.29. On the other hand, the Quick Ratio is 2.33, and the Cash Ratio is 1.38. Considering the valuation of this stock, the price to sales ratio is 7.80, the price to book ratio is 6.19 and price to earnings (TTM) ratio is 30.73.
Transactions by insiders
Recent insider trading involved Boessen Douglas G., CFO and Treasurer, that happened on Dec 20 ’24 when 1761.0 shares were sold. Officer, Boessen Douglas G. completed a deal on Dec 20 ’24 to buy 1761.0 shares. Meanwhile, President and CEO PEMBLE CLIFTON A sold 10162.0 shares on Dec 16 ’24.
