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Garmin Ltd (NYSE: GRMN) closed the day trading at $172.68 down -5.52% from the previous closing price of $182.76. In other words, the price has decreased by -$5.52 from its previous closing price. On the day, 2.02 million shares were traded. GRMN stock price reached its highest trading level at $174.65 during the session, while it also had its lowest trading level at $168.18.
Ratios:
For a better understanding of GRMN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.60. 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, Barclays on September 13, 2024, Downgraded its rating to Underweight and sets its target price to $133 from $181 previously.
On May 22, 2024, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $165 to $150.
JP Morgan Downgraded its Overweight to Neutral on January 08, 2024, while the target price for the stock was maintained at $135.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 30 ’24 when Straub Philip sold 2,750 shares for $181.46 per share. The transaction valued at 499,023 led to the insider holds 88,622 shares of the business.
Philip Straub bought 2,750 shares of GRMN for $499,022 on Aug 30 ’24. On Aug 28 ’24, another insider, MINARD LAURIE A, who serves as the VP, Human Resources of the company, sold 87 shares for $181.78 each. As a result, the insider received 15,815 and left with 4,280 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 33191512064 and an Enterprise Value of 31100008448. As of this moment, Garmin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.16, and their Forward P/E ratio for the next fiscal year is 25.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.88 while its Price-to-Book (P/B) ratio in mrq is 4.74. Its current Enterprise Value per Revenue stands at 5.506 whereas that against EBITDA is 21.746.
Stock Price History:
Over the past 52 weeks, GRMN has reached a high of $184.42, while it has fallen to a 52-week low of $99.61. The 50-Day Moving Average of the stock is -0.26%, while the 200-Day Moving Average is calculated to be 15.30%.
Shares Statistics:
Over the past 3-months, GRMN traded about 739.02K shares per day on average, while over the past 10 days, GRMN traded about 901760 shares per day. A total of 191.78M shares are outstanding, with a floating share count of 155.34M. Insiders hold about 19.19% of the company’s shares, while institutions hold 56.55% stake in the company. Shares short for GRMN as of 1724976000 were 2884559 with a Short Ratio of 3.90, compared to 1722384000 on 2151259. Therefore, it implies a Short% of Shares Outstanding of 2884559 and a Short% of Float of 1.8599999999999999.
Dividends & Splits
GRMN’s forward annual dividend rate is 3.69, up from 3.0 a year ago. Against a Trailing Annual Dividend Yield of 0.016482612The stock’s 5-year Average Dividend Yield is 2.36.
