Garmin stock: buy or sell?
February 21st, 2020
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide.
Should I buy Garmin stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to choose your own trading strategy that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Garmin stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Garmin stock a buy?
Financial institutions and banks post stock ratings everyday.Unfortunately, we couldn't detect any rating for GRMN stock for the last 30 days.
Garmin stock analysis
After topping to all time highs on Wednesday, Garmin eased -3.24% on Feb 21st to $96.58.
After reaching all time highs on Wednesday, Garmin eased -3.24% on Feb/21 to $96.58. On Wednesday, GRMN hit new all time highs, pushing higher previous ATH of $102.42 recorded on Jan/28. New ATHs are usual entry points for many trading setups as there aren't higher resistences. In this session, Garmin stock crossed down the SMA50d line. If you are using SMA50d line as stop loss trigger, double check your position in this stock.
Despite of the negative close ($96.58, -1.63%), Garmin marked new all time high at $105.58.
Price pattern shows an uptrend with two rising tops and bottoms, and now trading upwards to the $102.42 resistance. Since SMA10d and SMA20w crossed up early September, GRMN price climbed $16.03 per share (19.90%). Since late August 2019 when GRMN stock price broke up the SMA20w line, it gained $19.20 (24.81%).
Garmin stock price history
Garmin stock went public on December 8th, 2000 with a price of $4.551. Since then, GRMN stock grew a 2,022.60%, with a yearly average of 106.50%. If you had invested right after GRMN's IPO a $1,000 in Garmin stock in 2000, it would worth $20,226.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Garmin stock historical price chart
GRMN stock reached all-time highs on Wednesday with a price of $105.58.
Garmin stock price targetPredicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. 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 forecast for Garmin stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareGarmin reported super good results for 2018-Q4 . Garmin boosted Earnings per Share (EPS) by 29.10%, beating experts consensus of $0.79. Garmin posted $1.02.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Garmin annual sales jumped a very good 7.24% to $3,347.44 million dollars from $3,121.56 marked in 2017. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) slightly fell a -1.98% to 20.73%.
|2013||$2,630 M||-||$612 M23.3%||-|
|2014||$2,871 M||9.15%||$364 M12.7%||-40.53%|
|2015||$2,820 M||-1.76%||$456 M16.2%||25.26%|
|2016||$3,019 M||7.03%||$511 M16.9%||11.96%|
|2017||$3,122 M||3.41%||$709 M22.7%||38.80%|
|2018||$3,347 M||7.24%||$694 M20.7%||-2.11%|
Quarterly financial resultsGarmin posted $932.11 million in sales for 2018-Q4, a 15.07% up compared to previous quarter. Reported quarter earnings marked $190.15 million with a profit margin of 20.40%. Profit margin decreased a -2.34% compared to previous quarter when profit margin was 22.74%. When comparing turnover to same quarter last year, Garmin sales marked a great gain and escalated a 8.04%.
|2017-Q2||$817 M||-||$171 M20.9%||-|
|2017-Q3||$743 M||-9.04%||$147 M19.8%||-13.77%|
|2017-Q4||$863 M||16.11%||$128 M14.9%||-12.83%|
|2018-Q1||$711 M||-17.61%||$129 M18.2%||0.68%|
|2018-Q2||$894 M||25.82%||$190 M21.3%||47.13%|
|2018-Q3||$810 M||-9.44%||$184 M22.7%||-3.22%|
|2018-Q4||$932 M||15.07%||$190 M20.4%||3.22%|
|2019-Q1||$766 M||-17.82%||$140 M18.3%||-26.28%|
Garmin ownershipWhen you are planning to buy shares of a company, it's always worth to review its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Garmin, 27.02% of all outstanding shares are owned by its staff.
In case of Garmin stock, 49.48% 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:
|Market cap||$18.4 B|
|Total shares||190.1 M|
|Float shares||145.6 M|
|- Institutional holdings (%)||49.5%|
|- Insider holdings (%)||27.0%|
|Shares in short selling||0.0%|
|Friday, February 21st, 2020|
|Day range||$96.50 - $99.62|
|Average true range||$2.53|
|50d mov avg||$98.25|
|100d mov avg||$94.70|
|200d mov avg||$86.82|
Garmin performanceTo measure stock performance is always good to compare with competitors or related stocks. We selected as the bechmarking frame for Garmin stock.
Garmin competitorsUnfortunately, 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
- Seeking AlphaNew Launches Will Propel GarminAugust 2, 2019
- InvestorPlaceLet Garmin Stock Cool off a Lot More Before Buying the DipMay 3, 2019
- InvestorPlaceFitbit and Garmin Both Are a Solid Play in 5G StocksApril 17, 2019
- Seeking AlphaGarmin: Strong And SteadyMarch 4, 2019
- InvestorPlaceThe Rally In Garmin Stock Has Gone Too Far, Too FastFebruary 21, 2019