Garmin Ltd (NYSE: GRMN) has experienced a decline in its stock price by -0.17 compared to its previous closing price of 211.02. However, the company has seen a gain of 2.15% in its stock price over the last five trading days. zacks.com reported 2024-12-26 that Here is how Garmin (GRMN) and InterDigital (IDCC) have performed compared to their sector so far this year.
Is It Worth Investing in Garmin Ltd (NYSE: GRMN) Right Now?
Garmin Ltd (NYSE: GRMN) has a price-to-earnings ratio of 26.76x that is above its average ratio. Additionally, the 36-month beta value for GRMN is 0.99. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
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The public float for GRMN is 154.69M and currently, short sellers hold a 1.95% ratio of that float. The average trading volume of GRMN on December 27, 2024 was 898.53K shares.
GRMN’s Market Performance
The stock of Garmin Ltd (GRMN) has seen a 2.15% increase in the past week, with a -1.79% drop in the past month, and a 20.50% gain in the past quarter. The volatility ratio for the week is 1.83%, and the volatility levels for the past 30 days are at 1.70% for GRMN. The simple moving average for the last 20 days is -1.31% for GRMN’s stock, with a simple moving average of 21.51% for the last 200 days.
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 4.45% 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 -5.52% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares sank -1.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.27% upper at present.
During the last 5 trading sessions, GRMN rose by +2.15%, which changed the moving average for the period of 200-days by +41.91% in comparison to the 20-day moving average, which settled at $213.47. In addition, Garmin Ltd saw 63.89% 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 Boessen Douglas G., who sale 1,761 shares at the price of $207.99 back on Dec 20 ’24. After this action, Boessen Douglas G. now owns 27,612 shares of Garmin Ltd, valued at $366,277 using the latest closing price.
Boessen Douglas G., the Officer of Garmin Ltd, proposed sale 1,761 shares at $205.42 during a trade that took place back on Dec 20 ’24, which means that Boessen Douglas G. is holding shares at $361,744 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 6.47. 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 conclusion, Garmin Ltd (GRMN) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
