The stock of Garmin Ltd (GRMN) has gone down by -0.14% for the week, with a 7.14% rise in the past month and a 19.47% rise in the past quarter. The volatility ratio for the week is 1.78%, and the volatility levels for the past 30 days are 1.61% for GRMN. The simple moving average for the last 20 days is 1.85% for GRMN stock, with a simple moving average of 23.41% for the last 200 days.
Is It Worth Investing in Garmin Ltd (NYSE: GRMN) Right Now?
The price-to-earnings ratio for Garmin Ltd (NYSE: GRMN) is above average at 24.34x. The 36-month beta value for GRMN is also noteworthy at 0.99. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 8 rating it as “hold,” and 1 rating it as “sell.”
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The public float for GRMN is 155.09M, and at present, short sellers hold a 1.64% of that float. The average trading volume of GRMN on July 31, 2024 was 733.00K shares.
GRMN) stock’s latest price update
Garmin Ltd (NYSE: GRMN)’s stock price has decreased by -3.76 compared to its previous closing price of 179.34. However, the company has seen a -0.14% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-07-31 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Analysts’ Opinion of GRMN
Many brokerage firms have already submitted their reports for GRMN stocks, with BofA Securities repeating the rating for GRMN by listing it as a “Underperform.” The predicted price for GRMN in the upcoming period, according to BofA Securities is $150 based on the research report published on May 22, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see GRMN reach a price target of $135. The rating they have provided for GRMN stocks is “Neutral” according to the report published on January 08th, 2024.
JP Morgan gave a rating of “Overweight” to GRMN, setting the target price at $115 in the report published on July 05th of the previous year.
GRMN Trading at 4.23% from the 50-Day Moving Average
After a stumble in the market that brought GRMN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.98% of loss for the given period.
Volatility was left at 1.61%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares surge +6.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.93% upper at present.
During the last 5 trading sessions, GRMN fell by -0.18%, which changed the moving average for the period of 200-days by +60.36% in comparison to the 20-day moving average, which settled at $170.03. In addition, Garmin Ltd saw 34.28% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GRMN starting from PEMBLE CLIFTON A, who sale 15,931 shares at the price of $160.21 back on Jun 18 ’24. After this action, PEMBLE CLIFTON A now owns 143,388 shares of Garmin Ltd, valued at $2,552,384 using the latest closing price.
Boessen Douglas G., the CFO and Treasurer of Garmin Ltd, sale 2,350 shares at $161.63 during a trade that took place back on Jun 10 ’24, which means that Boessen Douglas G. is holding 28,010 shares at $379,839 based on the most recent closing price.
Stock Fundamentals for GRMN
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.58 for the gross margin
The net margin for Garmin Ltd stands at 0.24. The total capital return value is set at 0.17. Equity return is now at value 19.97, with 16.67 for asset returns.
Based on Garmin Ltd (GRMN), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 3.71.
Currently, EBITDA for the company is 1.24 billion with net debt to EBITDA at -1.33. When we switch over and look at the enterprise to sales, we see a ratio of 5.52. The receivables turnover for the company is 6.99for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.03.
Conclusion
In summary, Garmin Ltd (GRMN) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
