Garmin Ltd. (NASDAQ:GRMN) Relative Strength Index (RSI) is 57.04, with weekly volatility at 1.29% and ATR at 2.27. The GRMN stock’s 52-week price range has touched low of $90.12 and a $145.20 high. Intraday shares traded counted 0.85 million, which was -23.47% lower than its 30-day average trading volume of 688.42K. Its shares traded lower over the last trading session, losing -0.73% on 06/02/21. The shares fell to a low of $141.17 before closing at $141.88. GRMN’s previous close was $142.92 while the outstanding shares total 191.90M. The firm has a beta of 1.06, a 12-month trailing P/E ratio of 25.94, and a growth ratio of 4.07.
Investors have identified the Scientific & Technical Instruments company Garmin Ltd. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $27.29 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Garmin Ltd. (GRMN) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 3.56 billion total, with 933.13 million as their total liabilities.
GRMN were able to record 331.47 million as free cash flow during the 08/04/2021 quarter of the year, this saw their quarterly net cash flow reduce by 141.49 million. In cash movements, the company had a total of 368.36 million as operating cash flow.
Potential earnings growth for Garmin Ltd. (GRMN)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/04/2021 quarter of the year, Garmin Ltd. recorded a total of 1.07 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 20.16% coming in sequential stages and their sales for the 08/04/2021 quarter reducing by -26.03%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 430.77 million trying to sell their products during the last quarter, with the result yielding a gross income of 641.56 million. This allows shareholders to hold on to 191.90M with the recently reported earning now reading 1.15 cents per share. This is a figure that compared to analyst’s prediction for their 08/04/2021 (1.18 cents a share).
Having a look at the company’s valuation, the company is expected to record 5.79 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on GRMN sounds very interesting.
Is the stock of GRMN attractive?
In related news, Director, BURRELL JONATHAN sold 150,000 shares of the company’s stock in a transaction that recorded on Jun 01. The sale was performed at an average price of 142.80, for a total value of 21,419,388. As the sale deal closes, the Director, BURRELL JONATHAN now sold 84,237 shares of the company’s stock, valued at 12,010,436. Also, EVP, Man. Director – Aviation, Straub Philip sold 5,898 shares of the company’s stock in a deal that was recorded on May 10. The shares were price at an average price of 144.74 per share, with a total market value of 853,678. Following this completion of acquisition, the Managing Director, EMEA, Biddlecombe Sean now holds 1,079 shares of the company’s stock, valued at 148,423. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
2 out of 8 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Garmin Ltd.. 1 analysts has assigned a Sell rating on the GRMN stock. The 12-month mean consensus price target for the company’s shares has been set at $145.71.