Garmin Stock Buy Hold or Sell Recommendation
| GRMN Stock | USD 139.52 1.20 0.85% |
Given the investment horizon of 90 days and your complete indifference towards market risk, our recommendation regarding Garmin is 'Strong Buy'. Macroaxis provides Garmin buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Garmin positions. The advice algorithm takes into account all of Garmin's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Garmin's buy or sell advice are summarized below:
Real Value 136.33 | Target Price 112 | Hype Value 140.65 | Market Value 139.52 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Garmin given historical horizon and risk tolerance towards Garmin. When Macroaxis issues a 'buy' or 'sell' recommendation for Garmin, the advice is generated through an automated system that utilizes algorithms and statistical models.
Garmin |
Execute Garmin Buy or Sell Advice
The Garmin recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Garmin. Macroaxis does not own or have any residual interests in Garmin or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Garmin's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Garmin Trading Alerts and Improvement Suggestions
| Garmin has a strong financial position based on the latest SEC filings | |
| About 20.0% of the company shares are held by company insiders | |
| Latest headline from nbcnews.com: Our editors favorite smartwatches of 2024 |
Garmin Returns Distribution Density
The distribution of Garmin's historical returns is an attempt to chart the uncertainty of Garmin's future price movements. The chart of the probability distribution of Garmin daily returns describes the distribution of returns around its average expected value. We use Garmin price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Garmin returns is essential to provide solid investment advice for Garmin.
| Mean Return | 0.22 | Value At Risk | -1.95 | Potential Upside | 1.82 | Standard Deviation | 1.49 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Garmin historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Garmin Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Garmin is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Garmin backward and forwards among themselves. Garmin's institutional investor refers to the entity that pools money to purchase Garmin's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| 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 Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (170.2M) | 28.7M | (476.5M) | (363.3M) | 244.5M | 256.7M | |
| Change In Cash | (174.2M) | 431.1M | 40.1M | (218.9M) | 414.2M | 435.0M | |
| Free Cash Flow | 578.1M | 947.8M | 702.8M | 542.1M | 1.2B | 1.2B | |
| Depreciation | 106.2M | 126.7M | 154.8M | 163.9M | 177.6M | 186.5M | |
| Other Non Cash Items | 17.6M | (13.1M) | 36.1M | (7.0M) | (25.3M) | (24.0M) | |
| Dividends Paid | 417.3M | 450.6M | 491.5M | 679.1M | (558.8M) | (530.8M) | |
| Capital Expenditures | 120.4M | 187.5M | 309.6M | 246.2M | 195.0M | 108.7M | |
| Net Income | 952.5M | 992.3M | 1.1B | 973.6M | 1.3B | 1.4B | |
| End Period Cash Flow | 1.0B | 1.5B | 1.5B | 1.3B | 1.7B | 939.1M | |
| Change To Netincome | (7.3M) | 74.8M | 123.2M | (73.4M) | (84.5M) | (80.2M) | |
| Investments | (30.6M) | 73.6M | (145.6M) | 112.1M | (93.7M) | (98.4M) | |
| Change Receivables | (123.4M) | (108.9M) | (19.1M) | 167.3M | 150.6M | 158.1M |
Garmin Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Garmin or Household Durables sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Garmin's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Garmin stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.14 | |
β | Beta against NYSE Composite | 1.06 | |
σ | Overall volatility | 1.52 | |
Ir | Information ratio | 0.1 |
Garmin Volatility Alert
Garmin has relatively low volatility with skewness of 2.83 and kurtosis of 16.3. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Garmin's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Garmin's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Garmin Fundamentals Vs Peers
Comparing Garmin's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Garmin's direct or indirect competition across all of the common fundamentals between Garmin and the related equities. This way, we can detect undervalued stocks with similar characteristics as Garmin or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Garmin's fundamental indicators could also be used in its relative valuation, which is a method of valuing Garmin by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Garmin to competition |
| Fundamentals | Garmin | Peer Average |
| Return On Equity | 0.2 | -0.31 |
| Return On Asset | 0.0836 | -0.14 |
| Profit Margin | 0.25 % | (1.27) % |
| Operating Margin | 0.23 % | (5.51) % |
| Current Valuation | 52.71 B | 16.62 B |
| Shares Outstanding | 191.78 M | 571.82 M |
| Shares Owned By Insiders | 19.81 % | 10.09 % |
| Shares Owned By Institutions | 54.76 % | 39.21 % |
| Number Of Shares Shorted | 2.01 M | 4.71 M |
| Price To Earning | 17.96 X | 28.72 X |
| Price To Book | 3.91 X | 9.51 X |
| Price To Sales | 5.25 X | 11.42 X |
| Revenue | 5.23 B | 9.43 B |
| Gross Profit | 2.81 B | 27.38 B |
| EBITDA | 1.24 B | 3.9 B |
| Net Income | 1.29 B | 570.98 M |
| Cash And Equivalents | 1.28 B | 2.7 B |
| Cash Per Share | 7.62 X | 5.01 X |
| Total Debt | 113.03 M | 5.32 B |
| Debt To Equity | 0.02 % | 48.70 % |
| Current Ratio | 2.75 X | 2.16 X |
| Book Value Per Share | 36.56 X | 1.93 K |
| Cash Flow From Operations | 1.38 B | 971.22 M |
| Short Ratio | 2.47 X | 4.00 X |
| Earnings Per Share | 6.71 X | 3.12 X |
| Price To Earnings To Growth | 5.62 X | 4.89 X |
| Target Price | 137.28 | |
| Number Of Employees | 19.9 K | 18.84 K |
| Beta | 1.0 | -0.15 |
| Market Capitalization | 27.27 B | 19.03 B |
| Total Asset | 8.6 B | 29.47 B |
| Retained Earnings | 5.26 B | 9.33 B |
| Working Capital | 3.15 B | 1.48 B |
Note: Disposition of 132600 shares by Jonathan Burrell of Garmin subject to Rule 16b-3 [view details]
Garmin Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Garmin . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 60222.79 | |||
| Daily Balance Of Power | (0.41) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 140.32 | |||
| Day Typical Price | 140.05 | |||
| Price Action Indicator | (1.40) | |||
| Period Momentum Indicator | (1.20) |
About Garmin Buy or Sell Advice
When is the right time to buy or sell Garmin? Buying financial instruments such as Garmin Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 70.0M | 114.5M | 113.0M | 60.5M | Total Assets | 7.9B | 7.7B | 8.6B | 9.0B |
Use Investing Ideas to Build Portfolios
In addition to having Garmin in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Outsourcing Thematic Idea Now
Outsourcing
Companies involved in providing outsourcing and staffing services to business across different domains. The Outsourcing theme has 29 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Outsourcing Theme or any other thematic opportunities.
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Check out Garmin Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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.