Garmin Stock Quote Today

GRMN
 Stock
  

USD 83.50  1.13  1.37%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
Garmin is selling for 83.50 as of the 5th of October 2022. This is a 1.37 percent increase since the beginning of the trading day. The stock's open price was 82.37. Garmin has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Garmin are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of August 2022 and ending today, the 5th of October 2022. Click here to learn more.
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland. The company has 192.32 M outstanding shares of which 2.57 M shares are currently shorted by private and institutional investors with about 2.2 trading days to cover. More on Garmin

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+0.65LWLGLightwave Logic Normal TradingPairCorr
Follow Valuation Odds of Bankruptcy
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Garmin Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Garmin's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Garmin or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Garmin generated a negative expected return over the last 90 days
Garmin is unlikely to experience financial distress in the next 2 years
About 20.0% of the company shares are held by company insiders
On 30th of September 2022 Garmin paid $ 0.73 per share dividend to its current shareholders
Latest headline from www.marketscreener.com: See a more complete picture of your health with Index BPM, an FDA-cleared smart blood pressure monitor from Garmin - Marketscreener.com
CEOClifton Pemble
Thematic IdeaTechnology (view all)
Average Analyst Recommendation
Analysts covering Garmin report their recommendations after researching Garmin's financial statements, talking to executives and customers, or listening in on Garmin's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Garmin. The Garmin consensus assessment is calculated by taking the average forecast from all of the analysts covering Garmin.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Garmin's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldUndervalued
Garmin (GRMN) is traded on New York Stock Exchange in USA and employs 18,700 people. The company currently falls under 'Large-Cap' category with current market capitalization of 15.73 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Garmin's market, we take the total number of its shares issued and multiply it by Garmin's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Garmin conducts business under Technology sector and is part of Scientific & Technical Instruments industry. The entity has 192.32 M outstanding shares of which 2.57 M shares are currently shorted by private and institutional investors with about 2.2 trading days to cover. Garmin currently holds about 1.61 B in cash with 679.86 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.36.
Check Garmin Probability Of Bankruptcy
Ownership
Garmin has a total of one hundred ninety-two million three hundred twenty thousand outstanding shares. Over half of Garmin outstanding shares are owned by outside corporations. These outside corporations are typically referred to corporate investors that purchase positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulation than regular investors in Garmin. Please watch out for any change in the institutional holdings of Garmin as this could mean something significant has changed or about to change at the company. Please note that no matter how much assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check Garmin Ownership Details

Garmin Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Garmin jumping above the current price in 90 days from now is more than 93.0%. The Garmin probability density function shows the probability of Garmin stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.0959. This usually indicates Garmin market returns are very sensitive to returns on the market. As the market goes up or down, Garmin is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Garmin is significantly underperforming DOW.
  Odds Below 83.5HorizonTargetOdds Above 83.5
6.86%90 days
 83.50 
93.08%
Based on a normal probability distribution, the odds of Garmin to move above the current price in 90 days from now is more than 93.0 (This Garmin probability density function shows the probability of Garmin Stock to fall within a particular range of prices over 90 days) .

Garmin Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Garmin that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Garmin's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Garmin's value.
InstituionSecurity TypeTotal SharesValue
Vanguard Group IncCommon Shares17.7 M1.7 B
Blackrock IncCommon Shares14.2 M1.4 B
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Garmin Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Garmin market risk premium is the additional return an investor will receive from holding Garmin long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Garmin. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Garmin's alpha and beta are two of the key measurements used to evaluate Garmin's performance over the market, the standard measures of volatility play an important role as well.

Garmin Stock Against Markets

Picking the right benchmark for Garmin stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Garmin stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Garmin is critical whether you are bullish or bearish towards Garmin at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Garmin without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Garmin Corporate Directors

Garmin corporate directors refer to members of a Garmin board of directors. The board of directors generally takes responsibility for the Garmin's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Garmin's board members must vote for the resolution. The Garmin board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Charles Peffer - Independent DirectorProfile
Joseph Hartnett - Independent DirectorProfile
Rebecca Tilden - Independent DirectorProfile
Thomas Poberezny - Independent DirectorProfile

Invested in Garmin?

The danger of trading Garmin is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Garmin is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Garmin. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Garmin is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Risk vs Return Analysis. You can also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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Is Garmin's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Garmin. If investors know Garmin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Garmin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Garmin is measured differently than its book value, which is the value of Garmin that is recorded on the company's balance sheet. Investors also form their own opinion of Garmin's value that differs from its market value or its book value, called intrinsic value, which is Garmin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Garmin's market value can be influenced by many factors that don't directly affect Garmin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Garmin's value and its price as these two are different measures arrived at by different means. Investors typically determine Garmin value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Garmin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.