Garmin Ltd. (NYSE:GRMN) finished Friday with a subtraction of -$0.55 to close at $92.29, a downside of -0.59 percent. An average of 550,700 shares of common stock have been traded in the last five days. There was a gain of $1.27 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 827,535 shares traded, while the 50-day average volume stands at 944,748.
GRMN stock has decreased by -0.75% in the last month. The company shares reached their 1-month lowest point of $89.25 on 12/22/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $76.37 and a high of $138.25 in 52 weeks. It has reached a new high 2 times so far this year and lost -32.22% or -$43.88 in price. In spite of this, the price is down -33.24% from the 52-week high.
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GRMN stock investors should be aware that Garmin Ltd. (GRMN) stock had its last reported insider trading activity 15 days ago on Dec 16. In this transaction, the insider spent $627,686. VP, Man. Director – Auto OEM, Munn Matthew, disposed of 1,797 shares at a price of $92.96 on Dec 15. The insider now owns more than $167,049 worth of shares. Prior to that, President and CEO PEMBLE CLIFTON A went on to Sale 19,836 shares at $90.00 each on Nov 10. An amount of $1,785,240 was transacted.
Garmin Ltd. (GRMN) has a trailing price-to-earnings (P/E) ratio of 18.47. The stock’s beta is 0.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.57, the price-to-book (PB) ratio at 3.02.
The company has a payout ratio of 85.00%. The company’s most recent quarterly dividend payment was $0.73 a share, without any change from last year. Its latest increase dividend $0.06 reported on Friday June 10 2022.
The quick ratio of Garmin Ltd. for the three months ended September 29 was 1.70, and the current ratio was 2.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $2.89 billion compared to revenue of $4.98 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Garmin Ltd.’s return on assets was 12.50%.
For the three-month period that ended September 29, Garmin Ltd. had $378.71 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $210.85 million in the quarter, while revenues of $257.87 million were shrunk -22.86%. The analyst consensus anticipated Garmin Ltd.’s latest quarter earnings to come in at $1.14 per share, but it turned out to be $1.24, a 8.80% surprise. For the quarter, EBITDA amounted to $278.87 million. Shareholders own equity worth $191.66 million.
From a technical analysis perspective, let’s take a brief look at Garmin Ltd. (GRMN) price momentum. RSI 9-day as of the close on 30 December was 50.85%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.86%.
As of today, GRMN’s price is $91.68 +1.40% or $1.27 from its 5-day moving average. GRMN is currently trading -2.19% lower than its 20-day SMA and -2.98% lower than its 100-day SMA. However, the stock’s current price level is +13.66% above the SMA50 and -17.55% below the SMA200.
The stochastic %K and %D were 25.23% and 22.37%, respectively, and the average true range (ATR) was 1.98. With the 14-day stochastic at 30.16% and the average true range at 1.99, the RSI (14) stands at 51.58%. The stock has reached 0.44 on the 9-day MACD Oscillator while the 14-day reading was at -0.71.
Barclays launched coverage on Garmin Ltd. (NYSE: GRMN) in its analyst report released on November 09, 2022. The firm assigned the stock an Equal weight rating.