On Friday, Garmin Ltd (NYSE: GRMN) opened higher 0.64% from the last session, before settling in for the closing price of $166.52. Price fluctuations for GRMN have ranged from $99.61 to $184.42 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 9.56%. Company’s average yearly earnings per share was noted 8.69% at the time writing. With a float of $155.34 million, this company’s outstanding shares have now reached $191.78 million.
Let’s determine the extent of company efficiency that accounts for 19900 employees. 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
A key investor’s attitude towards the stock of the Scientific & Technical Instruments industry is another important factor to consider. The insider ownership of Garmin Ltd is 19.18%, while institutional ownership is 55.98%. 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
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.41 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.29) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.62 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.69% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.78% during the next five years compared to 12.90% growth over the previous five years of trading.
Garmin Ltd (NYSE: GRMN) Trading Performance Indicators
Check out the current performance indicators for Garmin Ltd (GRMN). In the past quarter, the stock posted a quick ratio of 2.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.70. Likewise, its price to free cash flow for the trailing twelve months is 23.87.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.15, a number that is poised to hit 1.44 in the next quarter and is forecasted to reach 6.66 in one year’s time.
Technical Analysis of Garmin Ltd (GRMN)
Looking closely at Garmin Ltd (NYSE: GRMN), its last 5-days average volume was 0.63 million, which is a drop from its year-to-date volume of 0.83 million. As of the previous 9 days, the stock’s Stochastic %D was 70.73%. Additionally, its Average True Range was 2.96.
During the past 100 days, Garmin Ltd’s (GRMN) raw stochastic average was set at 35.33%, which indicates a significant decrease from 43.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.51% in the past 14 days, which was lower than the 22.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $173.71, while its 200-day Moving Average is $155.57. However, in the short run, Garmin Ltd’s stock first resistance to watch stands at $168.78. Second resistance stands at $169.98. The third major resistance level sits at $171.17. If the price goes on to break the first support level at $166.39, it is likely to go to the next support level at $165.20. Should the price break the second support level, the third support level stands at $164.00.
Garmin Ltd (NYSE: GRMN) Key Stats
There are currently 192,078K shares outstanding in the company with a market cap of 32.21 billion. Presently, the company’s annual sales total 5,228 M according to its annual income of 1,290 M. Last quarter, the company’s sales amounted to 1,507 M and its income totaled 300,630 K.
