Garmin Ltd (NYSE: GRMN) is -9.44% lower on its value in year-to-date trading and has touched a low of $151.00 and a high of $246.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GRMN stock was last observed hovering at around $186.87 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $186.78, the stock is -1.70% and -9.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -0.05% at the moment leaves the stock -4.65% off its SMA200. GRMN registered 28.65% gain for a year compared to 6-month gain of 12.32%. The firm has a 50-day simple moving average (SMA 50) of $206.848 and a 200-day simple moving average (SMA200) of $195.888.
The stock witnessed a -14.15% loss in the last 1 month and extending the period to 3 months gives it a -13.94%, and is -6.19% 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 3.15% over the week and 4.41% over the month.
Garmin Ltd (GRMN) has around 21800 employees, a market worth around $35.98B and $6.30B in sales. Current P/E ratio is 25.57 and Fwd P/E is 22.13. Profit margin for the company is 22.41%. Distance from 52-week low is 23.70% and -24.23% from its 52-week high. The company has generated returns on investments over the last 12 months (17.68%).
The EPS is expected to grow by 6.82% this year
1315.0 institutions hold shares in Garmin Ltd (GRMN), with institutional investors hold 66.94% of the company’s shares. The shares outstanding are 192.47M, and float is at 162.41M with Short Float at 1.55%. Institutions hold 56.61% 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 9.2271 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 7.3436 of the shares outstanding. The other top investors are ARTISAN PARTNERS LIMITED PARTNERSHIP which holds 7.25 million shares representing 3.776 and valued at over $1.18 billion, while STATE STREET CORP holds 3.529 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 LYMAN SUSAN, the company’s VP, Consumer Sales & Marketing. SEC filings show that LYMAN SUSAN sold 2,829 shares of the company’s common stock on Mar 10 ’25 at a price of $215.51 per share for a total of $0.61 million. Following the sale, the insider now owns 8432.0 shares.
Still, SEC filings show that on Feb 28 ’25, Boessen Douglas G. (CFO and Treasurer) disposed off 2,763 shares at an average price of $226.55 for $0.63 million. The insider now directly holds 30,936 shares of Garmin Ltd (GRMN).
