Garmin Stock Today
| GRMN Stock | USD 141.02 1.50 1.08% |
Performance10 of 100
| Odds Of DistressLess than 3
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Garmin is selling at 141.02 as of the 23rd of April 2024; that is 1.08% increase since the beginning of the trading day. The stock's open price was 139.52. Garmin has a very small chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for Garmin are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Consumer Durables & Apparel | IPO Date 12th of December 2000 | Category Technology | Classification Consumer Discretionary |
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland. The company has 191.78 M outstanding shares of which 2.01 M shares are currently shorted by private and institutional investors with about 2.47 trading days to cover. More on Garmin
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Follow Valuation Options Odds of Bankruptcy
Financial Report 1st of May 2024
Garmin Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Garmin's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Garmin or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Garmin's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Garmin's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| CEO | Clifton Pemble | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Technology (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Consumer Electronics, Scientific & Technical Instruments, Consumer Discretionary, NYSE Composite, SP 500 Index, NASDAQ Composite Total, Technology, Consumer Discretionary, Household Durables, Scientific & Technical Instruments, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Garmin report their recommendations after researching Garmin's financial statements, talking to executives and customers, or listening in on Garmin's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Garmin. The Garmin consensus assessment is calculated by taking the average forecast from all of the analysts covering Garmin. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Garmin's profitability, liquidity, and operating efficiency, Garmin is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in May. Financial strength of Garmin is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Garmin's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Garmin's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Garmin's financial leverage. It provides some insight into what part of Garmin's total assets is financed by creditors.
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Garmin (GRMN) is traded on New York Stock Exchange in USA. It is located in Mühlentalstrasse 2, Schaffhausen, Switzerland, 8200 and employs 19,900 people. Garmin is listed under Consumer Electronics category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 26.76 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Garmin's market, we take the total number of its shares issued and multiply it by Garmin's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Garmin conducts business under Household Durables sector and is part of Consumer Discretionary industry. The entity has 191.78 M outstanding shares of which 2.01 M shares are currently shorted by private and institutional investors with about 2.47 trading days to cover.
Garmin currently holds about 1.28 B in cash with 1.38 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.62.
Check Garmin Probability Of Bankruptcy
Ownership AllocationGarmin has a total of 191.78 Million outstanding shares. Over half of Garmin's outstanding shares are owned by outside corporations. These outside corporations are typically referred to as corporate investors that purchase positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Garmin. Please watch out for any change in the institutional holdings of Garmin as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Garmin Ownership Details
Garmin Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Garmin jumping above the current price in 90 days from now is about 30.64%. The Garmin probability density function shows the probability of Garmin stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.0579. This usually indicates Garmin market returns are highly reactive to returns on the market. As the market goes up or down, Garmin is expected to follow. Additionally, garmin has an alpha of 0.1151, implying that it can generate a 0.12 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Garmin to move above the current price in 90 days from now is about 30.64 (This Garmin probability density function shows the probability of Garmin Stock to fall within a particular range of prices over 90 days) .
Garmin Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Garmin that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Garmin's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Garmin's value.| Instituion | Recorded On | Shares | |
| Goldman Sachs Group Inc | 2023-12-31 | 1.7 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 1.7 M | |
| Northern Trust Corp | 2023-12-31 | 1.6 M | |
| Legal & General Group Plc | 2023-12-31 | 1.4 M | |
| Boston Partners Global Investors, Inc | 2023-12-31 | 1.4 M | |
| Disciplined Growth Investors Inc | 2023-12-31 | 1.4 M | |
| Wells Fargo & Co | 2023-12-31 | 1.3 M | |
| Pictet Asset Manangement Sa | 2023-12-31 | 1.1 M | |
| Point72 Asset Management, L.p. | 2023-09-30 | 1 M | |
| Vanguard Group Inc | 2023-12-31 | 17.8 M | |
| Blackrock Inc | 2023-12-31 | 15.3 M |
Garmin Historical Income Statement
Garmin Income Statement is one of the three primary financial statements used for reporting Garmin's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Garmin revenue and expense. Garmin Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Garmin's Depreciation And Amortization is very stable compared to the past year. As of the 23rd of April 2024, Research Development is likely to grow to about 949.9 M, while Interest Expense is likely to drop about 36 M. View More FundamentalsGarmin Stock Against Markets
Picking the right benchmark for Garmin stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Garmin stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Garmin is critical whether you are bullish or bearish towards Garmin at a given time. Please also check how Garmin's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Garmin without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Garmin Corporate Directors
Garmin corporate directors refer to members of a Garmin board of directors. The board of directors generally takes responsibility for the Garmin's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Garmin's board members must vote for the resolution. The Garmin board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Charles Peffer | Independent Director | Profile | |
| Joseph Hartnett | Independent Director | Profile | |
| Rebecca Tilden | Independent Director | Profile | |
| Thomas Poberezny | Independent Director | Profile |
How to buy Garmin Stock?
Before investing in Garmin, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Garmin. To buy Garmin stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Garmin. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Garmin stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Garmin stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Garmin stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Garmin, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Garmin Stock please use our How to Invest in Garmin guide.
Already Invested in Garmin?
The danger of trading Garmin is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Garmin is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Garmin. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Garmin is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Garmin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Garmin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Garmin Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Garmin Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Garmin Stock analysis
When running Garmin's price analysis, check to measure Garmin's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Garmin is operating at the current time. Most of Garmin's value examination focuses on studying past and present price action to predict the probability of Garmin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Garmin's price. Additionally, you may evaluate how the addition of Garmin to your portfolios can decrease your overall portfolio volatility.
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Is Garmin's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Garmin. If investors know Garmin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Garmin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.846 | Dividend Share 2.92 | Earnings Share 6.71 | Revenue Per Share 27.316 | Quarterly Revenue Growth 0.135 |
The market value of Garmin is measured differently than its book value, which is the value of Garmin that is recorded on the company's balance sheet. Investors also form their own opinion of Garmin's value that differs from its market value or its book value, called intrinsic value, which is Garmin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Garmin's market value can be influenced by many factors that don't directly affect Garmin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Garmin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Garmin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Garmin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.