Analyzing Ratios: Garmin Ltd (GRMN)’s Financial Story Unveiled

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The price of Garmin Ltd (NYSE: GRMN) closed at $168.93 in the last session, down -0.22% from day before closing price of $169.30. In other words, the price has decreased by -$0.22 from its previous closing price. On the day, 0.74 million shares were traded. GRMN stock price reached its highest trading level at $169.7 during the session, while it also had its lowest trading level at $168.24.

Ratios:

We take a closer look at GRMN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.99. For the most recent quarter (mrq), Quick Ratio is recorded 2.86 and its Current Ratio is at 4.03. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 15 ’24 when BURRELL JONATHAN sold 15,000 shares for $146.15 per share. The transaction valued at 2,192,282 led to the insider holds 623,834 shares of the business.

BURRELL JONATHAN sold 15,000 shares of GRMN for $2,212,284 on Mar 14 ’24. The Director now owns 638,834 shares after completing the transaction at $147.49 per share. On Mar 13 ’24, another insider, BURRELL JONATHAN, who serves as the Director of the company, sold 15,000 shares for $148.89 each. As a result, the insider received 2,233,340 and left with 653,834 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GRMN now has a Market Capitalization of 32447735808 and an Enterprise Value of 30512887808. As of this moment, Garmin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.82, and their Forward P/E ratio for the next fiscal year is 26.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.94 while its Price-to-Book (P/B) ratio in mrq is 4.48. Its current Enterprise Value per Revenue stands at 5.586 whereas that against EBITDA is 22.23.

Stock Price History:

Over the past 52 weeks, GRMN has reached a high of $170.87, while it has fallen to a 52-week low of $99.61. The 50-Day Moving Average of the stock is 14.41%, while the 200-Day Moving Average is calculated to be 37.28%.

Shares Statistics:

According to the various share statistics, GRMN traded on average about 1.05M shares per day over the past 3-months and 1061170 shares per day over the past 10 days. A total of 191.78M shares are outstanding, with a floating share count of 154.38M. Insiders hold about 19.63% of the company’s shares, while institutions hold 54.43% stake in the company. Shares short for GRMN as of 1714435200 were 2287137 with a Short Ratio of 2.17, compared to 1711584000 on 2887224. Therefore, it implies a Short% of Shares Outstanding of 2287137 and a Short% of Float of 1.48.

Dividends & Splits

The forward annual dividend rate for GRMN is 2.92, which was 2.92 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.01724749The stock’s 5-year Average Dividend Yield is 2.43.

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