Garmin Ltd (NYSE:GRMN) currently has a daily average trading volume of 807.18K but it saw 3005630 shares traded in last market. With a market cap of 39.39B USD, the company’s current market price of $204.92 came rising about 23.25 while comparing to the previous closing price of $166.27. In past 52 weeks, the stock remained buoying in the range of price level as high as $184.42 and as low as $99.99. In the recent trading on the day, stock has struck highest price mark of $186.1 while lowest mark touched by it was $207.22.
Taking a look at 20-day trading activity of Garmin Ltd (GRMN) gives us an average price of $167.63, while its current price level is 11.12% below from 52-week high level whereas it is 104.94% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $173.35 while that of 200 days or SMA-200 reads an average of $157.41. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.61% during that period while stretching the period over a month that decreases to 1.94%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 81.76 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Morgan Stanley which downgraded the stock as “Underweight” in its note to investors issued on October 07, 2024, recommending a price target of between $155 and $138 for it. Barclays downgraded its recommendation for the stock as a “Underweight” from “Equal Weight” on September 13, 2024 while assigning a price target range of $181-$133. BofA Securities also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $165 and $150.
Over the week, GRMN’s stock price is moving 26.82% up while it is 18.64% when we observe its performance for the past one month. Year-to-date it is 59.42% up and over the past year, the stock is showing an upside performance of 102.33%.
Currently, Garmin Ltd’s total number of outstanding shares is 191.78M. Company’s return on investment (ROI) stands at 19.36% and return on equity (ROE) at 20.96%. It has a price to earnings ratio (P/E ratio) of 28.67 while having a 29.81 of forward P/E ratio. Stock’s beta reads 1.00. Stock has a price to book (P/B) ratio of 5.62 while price to sale or P/S ratio amounts to 6.97. Its return on asset (ROA) is 16.42% on average.
