Garmin stock: buy or sell?

GRMN stock price: $73.46 2.87% At close on April 2nd, 2020

Updated on:
April 2nd, 2020

2

Shares of Garmin closed today at $73.46 and escalated a pretty good 2.87%. On March/24 GRMN skyrocketed an extraordinary 9.58%.

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide.

Should I buy Garmin stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Having a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Garmin stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean GRMN will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Garmin stock a buy?

Banks and financial institutions post stock ratings everyday. Unfortunately, we couldn't find any rating for GRMN stock for the last month.

Garmin stock analysis

Daily outlook

Shares of Garmin ended today at $73.46 and escalated a pretty good 2.87%.

Garmin escalated a pretty good 2.87% and closed at $73.46. GRMN is soaring again after a 9.09% correction from its last top on Monday at $77.23. Since price and SMA100d lines crossed down on February 25th, GRMN fell $-21.15 per share (-22.35%). On Feb/19, GRMN hit a new all time high, pushing higher than on January tops. Check different trading setups that use ATHs as triggers.

GRMN stock chart (daily)

Weekly outlook

After boosting an amazing 10.20% in a week last week, Garmin closed this week at $73.46 and stayed constant a tight -0.10%. By mid March GRMN plunged a dreadful -17.13% in just one week.

Not so far away is the last price record Garmin marked by mid February, but since then it dropped a 29.87%. Since price and 40-weeks moving average lines crossed down early March, GRMN fell $-14.24 per share (-16.24%). Stocks below the 40w moving average line are usually not recommended for average traders.

GRMN stock chart (weekly)

Garmin stock price history

Garmin stock went public on December 8th, 2000 with a price of $4.511. Since then, GRMN stock surged a 1,528.80%, with an average of 80.50% per year. If you had invested $1,000 in Garmin stock in 2000, it would worth $15,288.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Garmin stock historical price chart

GRMN stock reached all-time highs on Feb/19 with a price of $104.75.

Garmin stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not detected any price prediction for Garmin stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Garmin presented astounding results for 2018-Q4 . Garmin boosted Earnings per Share (EPS) by 29.10%, beating experts consensus of $0.79. Garmin posted $1.02.
GRMN earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.91n/a
2017-Q32017-11-010.660.7513.6%
2017-Q42018-02-210.750.795.3%
2018-Q12018-05-020.560.6821.4%
2018-Q22018-08-010.870.9913.8%
2018-Q32018-10-310.75133.3%
2018-Q42019-02-200.791.0229.1%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Garmin annual turnover soared a great 7.24% to $3,347.44 million dollars from $3,121.56 marked in 2017. When comparing 2018 vs 2017, nonetheless, profit margin (that is, the net income divided by revenues) declined a -1.98% to 20.73%.

GRMN annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$2,630 M-$612 M23.3%-
2014$2,871 M9.15%$364 M12.7%-40.53%
2015$2,820 M-1.76%$456 M16.2%25.26%
2016$3,019 M7.03%$511 M16.9%11.96%
2017$3,122 M3.41%$709 M22.7%38.80%
2018$3,347 M7.24%$694 M20.7%-2.11%

Quarterly financial results

Garmin reported $932.11 million in sales for 2018-Q4, a 15.07% improvement compared to previous quarter. Reported quarter earnings marked $190.15 M with a profit margin of 20.40%. Profit margin slightly fell a -2.34% compared to previous quarter when profit margin was 22.74%. When comparing sales to same quarter last year, Garmin sales marked a remarkable increase and rose a 8.04%.
GRMN quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$817 M-$171 M20.9%-
2017-Q3$743 M-9.04%$147 M19.8%-13.77%
2017-Q4$863 M16.11%$128 M14.9%-12.83%
2018-Q1$711 M-17.61%$129 M18.2%0.68%
2018-Q2$894 M25.82%$190 M21.3%47.13%
2018-Q3$810 M-9.44%$184 M22.7%-3.22%
2018-Q4$932 M15.07%$190 M20.4%3.22%
2019-Q1$766 M-17.82%$140 M18.3%-26.28%

Garmin ownership

When you are planning to buy shares of a company, it's always worth to overview its ownership structure.

Garmin shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 27.04% of all shares.

In case of Garmin stock, 49.65% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for GRMN stock account 0.00%, no big difference from last month.

For a better context understanding, the next table shows ownership data compared to other related stocks:

GRMN
Market cap$14.0 B
Total shares190.1 M
Float shares145.6 M
  - Institutional holdings (%)49.6%
  - Insider holdings (%)27.0%
Shares in short selling0.0%

Garmin summary

Thursday, April 2nd, 2020
Open$70.91
Close$73.46
Day range$70.63 - $73.61
Previous close$71.41
Session gain2.87%
Average true range$5.52
50d mov avg$87.12
100d mov avg$91.78
200d mov avg$86.56
Daily patternlb01a
Weekly pattern

Garmin performance

To better understand Garmin performance you must compare its gains with other related stocks in same sector or industry. For Garmin, the comparison is made against .
Stock3m6m12m
GRMNGarmin-24.23%-12.35%-14.36%

Garmin competitors

Unfortunately, we could not find any public company that could be defined as Garmin competitor. This doesn't mean Garmin does not have any competitor in the market, it's just we could not detected it.

    Latest Garmin stock news