Buy Rating Affirmed for Garmin on Strong Financials and Continuous Innovation
TipRanks (Thu, 19-Sep 2:05 PM ET)
PRNewswire (Wed, 18-Sep 10:39 AM ET)
PRNewswire (Tue, 17-Sep 7:00 AM ET)
Garmin co-founders inducted into the prestigious National Aviation Hall of Fame
PRNewswire (Mon, 16-Sep 7:00 AM ET)
Dock your boat with confidence using the all-new Garmin GC 245 and GC 255 marine cameras
PRNewswire (Tue, 10-Sep 7:01 AM ET)
Capture detailed eyewitness video with the new Garmin Dash Cam X series
PRNewswire (Thu, 5-Sep 7:01 AM ET)
PRNewswire (Tue, 27-Aug 7:00 AM ET)
PRNewswire (Tue, 27-Aug 7:00 AM ET)
Bullish On GRMN? You Might Want To Consider This Credit Put Spread Expiring in 21 Days
Market Chameleon (Thu, 22-Aug 9:09 AM ET)
Garmin announces support of new Satellite SOS on Google Pixel smartphones
PRNewswire (Wed, 14-Aug 7:02 AM ET)
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 September 19, 2024, GRMN stock price climbed to $172.30 with 318,060 million shares trading.
GRMN has a beta of 0.99, meaning it tends to be less sensitive to market movements. GRMN has a correlation of 0.22 to the broad based SPY ETF.
GRMN has a market cap of $33.10 billion. This is considered a Large Cap stock.
Last quarter Garmin Ltd. Common (Switzerland) reported $2 billion in Revenue and $1.58 earnings per share. This beat revenue expectation by $97 million and exceeded earnings estimates by $.18.
In the last 3 years, GRMN stock traded as high as $184.42 and as low as $76.37.
The top ETF exchange traded funds that GRMN belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.
GRMN has outperformed the market in the last year with a return of +63.7%, while the SPY ETF gained +30.2%. In the last 3 month period, GRMN beat the market returning +7.7%, while SPY returned +4.6%. However, in the most recent 2 weeks GRMN has underperformed the stock market by returning -4.4%, while SPY returned +3.9%.
GRMN support price is $167.87 and resistance is $171.87 (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.