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The closing price of Garmin Ltd (NYSE: GRMN) was $170.82 for the day, up 0.48% from the previous closing price of $170.00. In other words, the price has increased by $0.48 from its previous closing price. On the day, 0.73 million shares were traded. GRMN stock price reached its highest trading level at $171.505 during the session, while it also had its lowest trading level at $169.84.
Ratios:
Our analysis of GRMN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.33. For the most recent quarter (mrq), Quick Ratio is recorded 2.07 and its Current Ratio is at 2.88. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on May 22, 2024, Downgraded its rating to Underperform and sets its target price to $150 from $165 previously.
On January 08, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $135.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 18 ’24 when PEMBLE CLIFTON A sold 15,931 shares for $160.21 per share. The transaction valued at 2,552,384 led to the insider holds 143,388 shares of the business.
Boessen Douglas G. sold 2,350 shares of GRMN for $379,839 on Jun 10 ’24. The CFO and Treasurer now owns 28,010 shares after completing the transaction at $161.63 per share. On Jun 04 ’24, another insider, Desbois Patrick, who serves as the EVP, Operations of the company, sold 4,126 shares for $163.52 each. As a result, the insider received 674,675 and left with 58,412 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 32833996800 and an Enterprise Value of 30584875008. As of this moment, Garmin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.90, and their Forward P/E ratio for the next fiscal year is 25.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.81 while its Price-to-Book (P/B) ratio in mrq is 4.69. Its current Enterprise Value per Revenue stands at 5.415 whereas that against EBITDA is 21.386.
Stock Price History:
Over the past 52 weeks, GRMN has reached a high of $179.76, while it has fallen to a 52-week low of $99.61. The 50-Day Moving Average of the stock is 2.80%, while the 200-Day Moving Average is calculated to be 19.18%.
Shares Statistics:
GRMN traded an average of 729.27K shares per day over the past three months and 807390 shares per day over the past ten days. A total of 191.78M shares are outstanding, with a floating share count of 155.20M. Insiders hold about 19.26% of the company’s shares, while institutions hold 56.67% stake in the company. Shares short for GRMN as of 1722384000 were 2151259 with a Short Ratio of 2.95, compared to 1719532800 on 2293014. Therefore, it implies a Short% of Shares Outstanding of 2151259 and a Short% of Float of 1.39.
Dividends & Splits
With its trailing 12-month dividend rate of 3.0, GRMN has a forward annual dividend rate of 2.94. Against a Trailing Annual Dividend Yield of 0.01764706The stock’s 5-year Average Dividend Yield is 2.38.
