Garmin Ltd (NYSE: GRMN) kicked off on Tuesday, down -0.01% from the previous trading day, before settling in for the closing price of $166.29. Over the past 52 weeks, GRMN has traded in a range of $99.99-$184.42.
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
It was noted that within the last five years, the titan of the Technology sector saw sales topped by 9.56%. While this was happening, its average annual earnings per share was recorded 9.08%. With a float of $154.90 million, this company’s outstanding shares have now reached $191.78 million.
The extent of productivity of a business whose workforce counts for 19900 workers is very important to gauge. 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 and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Scientific & Technical Instruments Industry. The insider ownership of Garmin Ltd is 19.41%, while institutional ownership is 55.93%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 9.08% 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
Take a look at Garmin Ltd’s (GRMN) current performance indicators. Last quarter, 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 5.66. Likewise, its price to free cash flow for the trailing twelve months is 23.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.15, a number that is poised to hit 1.45 in the next quarter and is forecasted to reach 6.66 in one year’s time.
Technical Analysis of Garmin Ltd (GRMN)
The latest stats from [Garmin Ltd, GRMN] show that its last 5-days average volume of 0.95 million was superior to 0.83 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 51.09%. Additionally, its Average True Range was 2.90.
During the past 100 days, Garmin Ltd’s (GRMN) raw stochastic average was set at 30.30%, which indicates a significant decrease from 67.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.00% in the past 14 days, which was lower than the 22.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $172.78, while its 200-day Moving Average is $157.00. Now, the first resistance to watch is $168.10. This is followed by the second major resistance level at $169.94. The third major resistance level sits at $171.98. If the price goes on to break the first support level at $164.22, it is likely to go to the next support level at $162.18. The third support level lies at $160.34 if the price breaches the second support level.
Garmin Ltd (NYSE: GRMN) Key Stats
The company with the Market Capitalisation of 31.96 billion has total of 192,214K Shares Outstanding. Its annual sales at the moment are 5,228 M in contrast with the sum of 1,290 M annual income. Company’s last quarter sales were recorded 1,507 M and last quarter income was 300,630 K.
