Garmin Ltd (NYSE: GRMN) kicked off on Tuesday, up 1.99% from the previous trading day, before settling in for the closing price of $200.24. Over the past 52 weeks, GRMN has traded in a range of $114.49-$207.22.
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A company in the Technology sector has jumped its sales by 9.56% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 21.51%. With a float of $154.74 million, this company’s outstanding shares have now reached $191.78 million.
In an organization with 19900 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 58.43%, operating margin of 23.81%, and the pretax margin is 26.23%.
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 56.15%. 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 21.51% 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 2.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.58. Likewise, its price to free cash flow for the trailing twelve months is 31.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.87, a number that is poised to hit 1.88 in the next quarter and is forecasted to reach 7.33 in one year’s time.
Technical Analysis of Garmin Ltd (GRMN)
Let’s dig in a bit further. During the last 5-days, its volume was 1.79 million. That was better than the volume of 0.86 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 86.29%. Additionally, its Average True Range was 5.49.
During the past 100 days, Garmin Ltd’s (GRMN) raw stochastic average was set at 93.88%, which indicates a significant increase from 93.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 88.10% in the past 14 days, which was higher than the 40.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $175.06, while its 200-day Moving Average is $158.91. However, in the short run, Garmin Ltd’s stock first resistance to watch stands at $205.93. Second resistance stands at $207.64. The third major resistance level sits at $210.43. If the price goes on to break the first support level at $201.43, it is likely to go to the next support level at $198.64. The third support level lies at $196.93 if the price breaches the second support level.
Garmin Ltd (NYSE: GRMN) Key Stats
The company with the Market Capitalisation of 39.22 billion has total of 192,025K 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 1,586 M and last quarter income was 399,110 K.
