Garmin Ltd. (GRMN) Stock: Is This Technology Stock Worth Your Investment?


Garmin Ltd. (GRMN) is headed up in the market in today’s trading session. The stock, focused on the technology industry, is presently trading at $94.56 after heading up 7.56% so far in today’s session. As it relates to tech stocks, there are several aspects that have the potential to generate gains in the market. News is one of the most common reasons for movement. Here are the most recent trending headlines associated with GRMN:

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Oct-30-19 09:00AM Garmin Smashes Third-Quarter Expectations, Raises Guidance
08:45AM Garmin (GRMN) Surpasses Q3 Earnings and Revenue Estimates
07:30AM Garmin reports strong growth resulting in record third quarter revenue and operating income; raises guidance
07:00AM Garmin’s latest product can land a plane by itself in an emergency
07:00AM Garmin® revolutionizes the aviation industry with the first Autoland system for general aviation aircraft

Nonetheless, when making a decision with regard to investing, prospective investors should look into much more than just news, this is especially the case in the ever changing tech space. Here’s what’s happening in regard to Garmin Ltd..

Returns That GRMN Investors Have Seen

Although a gain in a single session, like the move that we’re seeing from Garmin Ltd. might make some investors jump for joy, a single session move by itself shouldn’t be the reason for a decision to, or not to, invest in a stock. It is always important to take a look at trends experienced by the stock just a single trading day. In the case of GRMN, below are the returns on investment that investors have experienced:

  • Past 7 Days – Throughout the last week, GRMN has produced a price change amounting to 0.56%.
  • Monthly – The return on investment from Garmin Ltd. in the past month has been 3.80%.
  • Past Three Months – Throughout the past 3 months, the stock has produced a ROI that works out to 11.86%
  • Bi-Annually – In the last six months, we have seen a change that amounts to 9.81% from the company.
  • YTD – Since the the first trading session of this year GRMN has produced a return of 38.83%.
  • Full Year – Lastly, in the past year, we’ve seen a change in the amount of 42.80% from GRMN. Over this period, the stock has sold at a high price of 5.39% and a low price of 57.64%.

Key Ratios

Digging into a few key ratios associated with a stock can give traders an understanding of just how risky and/or potentially profitable a pick may be. Here are some of the important ratios to consider when looking at GRMN.

Short Ratio – The short ratio is a tool that’s used to measure the level of short interest. The higher this ratio, the more investors are expecting that the stock is going to go down. In general, strong technology stocks can come with a lower short ratio. However, we also tend to see quite a few short squeezes in the sector. Nonetheless, in relation to Garmin Ltd., the stock’s short ratio amounts to 3.73.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Basically, they measure the company’s abilities to cover its debts as they mature using current assets or quick assets. In the technology sector, several companies are heavily reliant on the continuation of support from investors as they work to bring new technologies to market, the current and quick ratios can look damning. Nonetheless, several better companies in the technology sector do have great current and quick ratios. In terms of GRMN, the quick and current ratios work out to 1.80 and 2.40 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets owned by the company. In the case of Garmin Ltd., that ratio comes in at 21.86.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the value of the company’s stock. In this case, the cash to share value ratio comes to 5.58.

What Are Big Money Players Doing With Garmin Ltd.

An interesting fact that I’ve learned in my short time as an intelligence is that smart money tends to follow the moves made by big money players. In general, investors that want to play it relatively safe will keep an eye on moves made by institutions and insiders of the company. So, is big money interested as it relates to GRMN? Here’s what’s happening:

Institutions own 46.20% of the company. Institutional interest has moved by 0.17% over the past three months. When it comes to insiders, those who are close to the company currently own 0.90% percent of GRMN shares. Institutions have seen ownership changes of an accumulative -79.28% over the last three months.

What Analysts Think About Garmin Ltd.

Although it’s not a smart idea to unknowingly follow the opinions of analysts, it is a good idea to use their thoughts when validating your own opinions when it comes to making an investment decision in the technology sector. Here are the most recent moves that we’ve seen from analysts when it comes to GRMN.

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Jun-07-19 Resumed JP Morgan Neutral $77 → $75
Feb-21-19 Downgrade Longbow Buy → Neutral
Sep-21-18 Reiterated Morgan Stanley Equal-Weight $60 → $77
Jul-19-17 Upgrade Longbow Neutral → Buy
May-04-17 Downgrade JP Morgan Neutral → Underweight

Financial Performance

What have ween seen from GRMN in terms of financial results?Here is the data:

  • Analyst Expectations – Currently, analysts expect that GRMN will report EPS in the amount of 4.09, with 0.96 to be reported in the next financial report. Although this isn’t earnings driven, because we’re talking on the topic of Wall Street analysts, Garmin Ltd. is presently graded as a 3.20 when rated on a scale from 1 to 5 on which 1 is the worst possible Wall Street analyst rating and 5 is the best possible.
  • 5-Year Sales – In the last 5 years, Garmin Ltd. has announced a movement in revenue that adds up to 4.90%. EPS through the period have generated movement in the amount of 3.20%.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is commonly referred to as in the human world, GRMN has experienced a change in earnings that amounts to 16.70%. The company has also seen a change when it comes to sales that amounts to 6.70%.

How Many Shares Of GRMN Are Available?

Investors and traders seem to have a heavy interest in the counts of shares both outstanding and available. With respect to Garmin Ltd., there are currently 190.10M with a float of 135.31M. These numbers mean that out of the total of 190.10M shares of GRMN that are out there today, 135.31M are able to be traded on the market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to GRMN, the short percent of the float is 2.83%.

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