Garmin Ltd (NYSE: GRMN) is 29.73% higher on its value in year-to-date trading and has touched a low of $99.61 and a high of $171.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GRMN stock was last observed hovering at around $163.45 in the last trading session, with the day’s gains setting it 3.31%.
Currently trading at $166.76, the stock is 3.24% and 2.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing 2.03% at the moment leaves the stock 23.40% off its SMA200. GRMN registered 55.69% gain for a year compared to 6-month gain of 36.82%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 2.55% loss in the last 1 month and extending the period to 3 months gives it a 14.25%, and is 3.48% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.45% over the week and 1.46% over the month.
Garmin Ltd (GRMN) has around 19900 employees, a market worth around $32.03B and $5.46B in sales. Current P/E ratio is 23.52 and Fwd P/E is 26.47. Profit margin for the company is 24.96%. Distance from 52-week low is 67.41% and -2.84% from its 52-week high. The company has generated returns on investments over the last 12 months (18.54%).
The EPS is expected to grow by 3.94% this year
The shares outstanding are 191.78M, and float is at 155.09M with Short Float at 1.48%.
Garmin Ltd (GRMN) Insider Activity
The most recent transaction is an insider sale by PEMBLE CLIFTON A, the company’s President and CEO. SEC filings show that PEMBLE CLIFTON A sold 15,931 shares of the company’s common stock on Jun 18 ’24 at a price of $160.21 per share for a total of $2.55 million. Following the sale, the insider now owns 0.14 million shares.
Garmin Ltd disclosed in a document filed with the SEC on Jun 10 ’24 that Boessen Douglas G. (CFO and Treasurer) sold a total of 2,350 shares of the company’s common stock. The trade occurred on Jun 10 ’24 and was made at $161.63 per share for $0.38 million. Following the transaction, the insider now directly holds 28010.0 shares of the GRMN stock.
Still, SEC filings show that on Jun 04 ’24, Desbois Patrick (EVP, Operations) disposed off 4,126 shares at an average price of $163.52 for $0.67 million. The insider now directly holds 58,412 shares of Garmin Ltd (GRMN).
