Garmin Ltd (NYSE:GRMN) shares, rose in value, with the stock price up by 0.29% to the previous day’s close as strong demand from buyers drove the stock to $143.45.
Actively observing the price movement in the last trading, the stock closed the session at $143.03. The PE ratio was 21.37 over 12-month period. Referring to stock’s 52-week performance, its high was $149.54, and the low was $94.89. On the whole, GRMN has fluctuated by -3.06% over the past month.
The company’s Forward Dividend Ratio is 2.92, with its dividend yield at 2.04%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.73B, with a low estimate of 1.24B and a high estimate of 1.26B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.25B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GRMN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.82, with the price of GRMN currently trading nearly -0.64% and 1.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.45, while the 7-day volatility ratio is showing 1.38% which for the 30-day chart, stands at 1.46%. Furthermore, Garmin Ltd (GRMN)’s beta value is 1.00, and its average true range (ATR) is 2.20.
A comparison of Garmin Ltd (GRMN) with its peers suggests the former has fared considerably weaker in the market. GRMN showed an intraday change of 0.29% in last session, and over the past year, it grew by 50.68%%.
Data on historical trading for Garmin Ltd (NYSE:GRMN) indicates that the trading volumes over the past 3 months, they’ve averaged 989.53K. According to company’s latest data on outstanding shares, there are 191.78 million shares outstanding.
Nearly 19.63% of Garmin Ltd’s shares belong to company insiders and institutional investors own 54.99% of the company’s shares. The stock has risen by 11.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GRMN stock heading into the next quarter.
