A new trading day began on Monday, with Garmin Ltd (NYSE: GRMN) stock price down -4.09% from the previous day of trading, before settling in for the closing price of $168.52. GRMN’s price has ranged from $99.61 to $179.76 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Technology sector company grew by 9.56% over the past five years. Meanwhile, its annual earnings per share averaged 6.62%. With a float of $155.20 million, this company’s outstanding shares have now reached $191.78 million.
Let’s look at the performance matrix of the company that is accounted for 19900 employees.
Garmin Ltd (GRMN) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Scientific & Technical Instruments Industry. The insider ownership of Garmin Ltd is 19.26%, while institutional ownership is 56.06%. The most recent insider transaction that took place on Jun 18 ’24, was worth 2,552,384. In this transaction President and CEO of this company sold 15,931 shares at a rate of $160.21, taking the stock ownership to the 143,388 shares. Before that another transaction happened on Jun 10 ’24, when Company’s CFO and Treasurer sold 2,350 for $161.63, making the entire transaction worth $379,839. This insider now owns 28,010 shares in total.
Garmin Ltd (GRMN) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 6.62% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.00% during the next five years compared to 12.90% growth over the previous five years of trading.
Garmin Ltd (NYSE: GRMN) Trading Performance Indicators
Here are Garmin Ltd’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.50. Likewise, its price to free cash flow for the trailing twelve months is 23.02.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.15, a number that is poised to hit 1.41 in the next quarter and is forecasted to reach 6.55 in one year’s time.
Technical Analysis of Garmin Ltd (GRMN)
Garmin Ltd (NYSE: GRMN) saw its 5-day average volume 1.3 million, a positive change from its year-to-date volume of 0.86 million. As of the previous 9 days, the stock’s Stochastic %D was 12.52%. Additionally, its Average True Range was 3.81.
During the past 100 days, Garmin Ltd’s (GRMN) raw stochastic average was set at 55.67%, which indicates a significant increase from 4.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.30% in the past 14 days, which was higher than the 27.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $165.57, while its 200-day Moving Average is $141.08. Nevertheless, the first resistance level for the watch stands at $163.52 in the near term. At $165.40, the stock is likely to face the second major resistance level. The third major resistance level sits at $166.81. If the price goes on to break the first support level at $160.23, it is likely to go to the next support level at $158.82. The third support level lies at $156.94 if the price breaches the second support level.
Garmin Ltd (NYSE: GRMN) Key Stats
With a market capitalization of 31.07 billion, the company has a total of 192,078K Shares Outstanding. Currently, annual sales are 5,228 M while annual income is 1,290 M. The company’s previous quarter sales were 1,382 M while its latest quarter income was 275,960 K.
