Garmin Ltd (NYSE: GRMN) is 59.94% higher on its value in year-to-date trading and has touched a low of $118.79 and a high of $215.55 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 $207.37 in the last trading session, with the day’s loss setting it -1.78%.
Currently trading at $205.59, the stock is 3.40% and 13.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing -0.86% at the moment leaves the stock 25.57% off its SMA200. GRMN registered 71.23% gain for a year compared to 6-month gain of 26.86%. The firm has a 50-day simple moving average (SMA 50) of $181.4826 and a 200-day simple moving average (SMA200) of $163.7258.
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The stock witnessed a 26.13% loss in the last 1 month and extending the period to 3 months gives it a 15.73%, and is -3.47% down 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 1.59% over the week and 2.21% over the month.
Garmin Ltd (GRMN) has around 19900 employees, a market worth around $39.48B and $5.96B in sales. Current P/E ratio is 26.12 and Fwd P/E is 27.71. Profit margin for the company is 25.48%. Distance from 52-week low is 73.07% and -4.62% from its 52-week high. The company has generated returns on investments over the last 12 months (19.93%).
The EPS is expected to grow by 23.57% this year
1177.0 institutions hold shares in Garmin Ltd (GRMN), with institutional investors hold 70.92% of the company’s shares. The shares outstanding are 191.78M, and float is at 154.74M with Short Float at 2.57%. Institutions hold 57.28% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 17.72 million shares valued at $2.89 billion. The investor’s holdings represent 9.236 of the GRMN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.11 million shares valued at $2.3 billion to account for 7.3506 of the shares outstanding. The other top investors are ARTISAN PARTNERS LIMITED PARTNERSHIP which holds 7.25 million shares representing 3.7796 and valued at over $1.18 billion, while STATE STREET CORP holds 3.5324 of the shares totaling 6.78 million with a market value of $1.1 billion.
Garmin Ltd (GRMN) Insider Activity
The most recent transaction is an insider sale by Biddlecombe Sean, the company’s Managing Director, EMEA. SEC filings show that Biddlecombe Sean sold 587 shares of the company’s common stock on Nov 07 ’24 at a price of $210.10 per share for a total of $0.12 million. Following the sale, the insider now owns 6147.0 shares.
Still, SEC filings show that on Aug 30 ’24, Straub Philip (EVP, Man. Director – Aviation) disposed off 2,750 shares at an average price of $181.46 for $0.5 million. The insider now directly holds 88,622 shares of Garmin Ltd (GRMN).
