The stock of Garmin Ltd (GRMN) has seen a 0.49% increase in the past week, with a 26.49% gain in the past month, and a 22.85% flourish in the past quarter. The volatility ratio for the week is 1.44%, and the volatility levels for the past 30 days are at 2.19% for GRMN.. The simple moving average for the past 20 days is 11.11% for GRMN’s stock, with a 30.48% simple moving average for the past 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 26.85x. The 36-month beta value for GRMN is also noteworthy at 0.99. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 10 rating it as “hold,” and 3 rating it as “sell.”
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The public float for GRMN is 154.74M, and at present, short sellers hold a 2.57% of that float. The average trading volume of GRMN on November 15, 2024 was 870.58K shares.
GRMN) stock’s latest price update
Garmin Ltd (NYSE: GRMN)’s stock price has dropped by -0.76 in relation to previous closing price of 212.98. Nevertheless, the company has seen a gain of 0.49% in its stock price over the last five trading days. prnewswire.com reported 2024-11-13 that Pavilion outdoor speaker series honored with a Product Innovation Award from Home Technology Specialists of America OLATHE, Kan., Nov. 13, 2024 /PRNewswire/ — Garmin (NYSE: GRMN) is proud to announce that JL Audio®, a Garmin brand, received an Innovation Award for its Pavilion™ line of outdoor home speakers from Home Technology Specialists of America, Inc. (HTSA), a leading consumer electronics trade group.
Analysts’ Opinion of GRMN
Many brokerage firms have already submitted their reports for GRMN stocks, with Morgan Stanley repeating the rating for GRMN by listing it as a “Underweight.” The predicted price for GRMN in the upcoming period, according to Morgan Stanley is $138 based on the research report published on October 07, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see GRMN reach a price target of $133, previously predicting the price at $181. The rating they have provided for GRMN stocks is “Underweight” according to the report published on September 13th, 2024.
BofA Securities gave a rating of “Underperform” to GRMN, setting the target price at $150 in the report published on May 22nd of the current year.
GRMN Trading at 17.82% 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 -1.61% of loss for the given period.
Volatility was left at 2.19%, however, over the last 30 days, the volatility rate increased by 1.44%, as shares surge +26.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.92% upper at present.
During the last 5 trading sessions, GRMN rose by +0.49%, which changed the moving average for the period of 200-days by +76.89% in comparison to the 20-day moving average, which settled at $190.23. In addition, Garmin Ltd saw 64.44% 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 Biddlecombe Sean, who sale 587 shares at the price of $210.10 back on Nov 07 ’24. After this action, Biddlecombe Sean now owns 6,147 shares of Garmin Ltd, valued at $123,328 using the latest closing price.
Sean Biddlecombe, the Officer of Garmin Ltd, proposed sale 587 shares at $210.10 during a trade that took place back on Nov 07 ’24, which means that Sean Biddlecombe is holding shares at $123,328 based on the most recent closing price.
Stock Fundamentals for GRMN
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.58 for the gross margin
The net margin for Garmin Ltd stands at 0.25. The total capital return value is set at 0.18. Equity return is now at value 21.91, with 17.53 for asset returns.
Currently, EBITDA for the company is 1.27 billion with net debt to EBITDA at -1.19. When we switch over and look at the enterprise to sales, we see a ratio of 6.49. The receivables turnover for the company is 6.46for 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 3.29.
Conclusion
In summary, Garmin Ltd (GRMN) has had a better performance as of late. Analysts have bearish opinions on the stock, with some viewing 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.
