In the past week, GRMN stock has gone down by -6.02%, with a monthly decline of -2.67% and a quarterly surge of 7.38%. The volatility ratio for the week is 2.01%, and the volatility levels for the last 30 days are 1.79% for Garmin Ltd The simple moving average for the last 20 days is -3.98% for GRMN’s stock, with a simple moving average of 13.92% for the last 200 days.
Is It Worth Investing in Garmin Ltd (NYSE: GRMN) Right Now?
Garmin Ltd (NYSE: GRMN) has a higher price-to-earnings ratio of 24.03x compared to its average ratio. GRMN has 36-month beta value of 1.02. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 10 as “hold,” and 3 as “sell.”
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The public float for GRMN is 155.34M, and currently, short sellers hold a 1.86% ratio of that float. The average trading volume of GRMN on September 20, 2024 was 772.41K shares.
GRMN) stock’s latest price update
Garmin Ltd (NYSE: GRMN)’s stock price has gone rise by 1.11 in comparison to its previous close of 169.87, however, the company has experienced a -6.02% decrease in its stock price over the last five trading days. zacks.com reported 2024-09-19 that GRMN is benefiting from growing momentum in the Fitness and Marine segments, fueled by rising demand for innovative and cutting-edge technology.
Analysts’ Opinion of GRMN
Many brokerage firms have already submitted their reports for GRMN stocks, with Barclays repeating the rating for GRMN by listing it as a “Underweight.” The predicted price for GRMN in the upcoming period, according to Barclays is $133 based on the research report published on September 13, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see GRMN reach a price target of $150, previously predicting the price at $165. The rating they have provided for GRMN stocks is “Underperform” according to the report published on May 22nd, 2024.
JP Morgan gave a rating of “Neutral” to GRMN, setting the target price at $135 in the report published on January 08th of the current year.
GRMN Trading at -1.26% 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 -6.86% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 2.01%, as shares sank -3.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.08% upper at present.
During the last 5 trading sessions, GRMN fell by -6.02%, which changed the moving average for the period of 200-days by +38.92% in comparison to the 20-day moving average, which settled at $178.55. In addition, Garmin Ltd saw 33.62% 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 Straub Philip, who sale 2,750 shares at the price of $181.46 back on Aug 30 ’24. After this action, Straub Philip now owns 88,622 shares of Garmin Ltd, valued at $499,023 using the latest closing price.
Philip Straub, the Officer of Garmin Ltd, proposed sale 2,750 shares at $181.46 during a trade that took place back on Aug 30 ’24, which means that Philip Straub is holding shares at $499,022 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 20.96, with 16.42 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 4.47.
Currently, EBITDA for the company is 1.24 billion with net debt to EBITDA at -1.29. 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 2.88.
Conclusion
To put it simply, Garmin Ltd (GRMN) has had a mixed performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” 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.
