Garmin Ltd (NYSE: GRMN) on Friday, plunged -5.52% from the previous trading day, before settling in for the closing price of $182.76. Within the past 52 weeks, GRMN’s price has moved between $99.61 and $184.42.
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Technology Sector giant saw their annual sales surged by 9.56% over the last five years. The company achieved an average annual earnings per share of 8.41%. With a float of $155.34 million, this company’s outstanding shares have now reached $191.78 million.
The firm has a total of 19900 workers. Let’s measure their productivity. In terms of profitability, gross margin is 57.68%, operating margin of 22.15%, and the pretax margin is 24.0%.
Garmin Ltd (GRMN) Insider Activity
Observing investor behavior towards Scientific & Technical Instruments industry stocks is more important than anything else. The insider ownership of Garmin Ltd is 19.19%, while institutional ownership is 56.55%. The most recent insider transaction that took place on Aug 30 ’24, was worth 499,023. In this transaction EVP, Man. Director – Aviation of this company sold 2,750 shares at a rate of $181.46, taking the stock ownership to the 88,622 shares. Before that another transaction happened on Aug 30 ’24, when Company’s Officer proposed sale 2,750 for $181.46, making the entire transaction worth $499,022.
Garmin Ltd (GRMN) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 8.41% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.60% during the next five years compared to 12.90% growth over the previous five years of trading.
Garmin Ltd (NYSE: GRMN) Trading Performance Indicators
Garmin Ltd (GRMN) is currently performing well based on its current performance indicators. A quick ratio of 2.07 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.88. Likewise, its price to free cash flow for the trailing twelve months is 24.60.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.15, a number that is poised to hit 1.43 in the next quarter and is forecasted to reach 6.65 in one year’s time.
Technical Analysis of Garmin Ltd (GRMN)
Analysing the last 5-days average volume posted by the [Garmin Ltd, GRMN], we can find that recorded value of 0.91 million was better than the volume posted last year of 0.84 million. As of the previous 9 days, the stock’s Stochastic %D was 60.22%. Additionally, its Average True Range was 4.11.
During the past 100 days, Garmin Ltd’s (GRMN) raw stochastic average was set at 73.30%, which indicates a significant increase from 27.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.76% in the past 14 days, which was lower than the 29.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $173.36, while its 200-day Moving Average is $150.02. Now, the first resistance to watch is $175.49. This is followed by the second major resistance level at $178.31. The third major resistance level sits at $181.96. If the price goes on to break the first support level at $169.02, it is likely to go to the next support level at $165.37. Should the price break the second support level, the third support level stands at $162.55.
Garmin Ltd (NYSE: GRMN) Key Stats
Market capitalization of the company is 33.19 billion based on 192,078K outstanding shares. Right now, sales total 5,228 M and income totals 1,290 M. The company made 1,507 M in profit during its latest quarter, and 300,630 K in sales during its previous quarter.
