GRMN Stock Summary and Trading Ideas (Garmin Ltd. Common (Switzerland) | NYSE:GRMN)

Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and marine. The company relies on licensing mapping data to enable its hardware specialized for often niche activities like scuba diving or sailing. Garmin operates in 100 countries and sells its products via distributors as well as relationships with original equipment manufacturers.

Garmin Ltd. Common (Switzerland) trades on the NYSE stock market under the symbol GRMN.

As of April 22, 2024, GRMN stock price climbed to $141.02 with 698,412 million shares trading.

GRMN has a beta of 1.23, meaning it tends to be more sensitive to market movements. GRMN has a correlation of 0.40 to the broad based SPY ETF.

GRMN has a market cap of $27.04 billion. This is considered a Large Cap stock.

Last quarter Garmin Ltd. Common (Switzerland) reported $1 billion in Revenue and $1.72 earnings per share. This beat revenue expectation by $68 million and exceeded earnings estimates by $.32.

In the last 3 years, GRMN stock traded as high as $178.81 and as low as $76.37.

The top ETF exchange traded funds that GRMN belongs to (by Net Assets): RAYD, VTI, VOO, VO, SPY.

GRMN has outperformed the market in the last year with a return of +47.3%, while the SPY ETF gained +22.9%. In the last 3 month period, GRMN beat the market returning +11.9%, while SPY returned +3.7%. However, in the most recent 2 weeks GRMN has underperformed the stock market by returning -5.4%, while SPY returned -3.7%.

GRMN support price is $137.99 and resistance is $141.05 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GRMN stock will trade within this expected range on the day.