Garmin Ltd's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 29 out of 53 in the Communications & Networking industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 254.62.In the medium term, the stock price is expected to trend up.Despite a weak stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Garmin Ltd is 8.89, ranking 5 out of 53 in the Communications & Networking industry. Its financial status is robust, and its operating efficiency is average. Its latest quarterly revenue reached 1.75B, representing a year-over-year increase of 14.23%, while its net profit experienced a year-over-year increase of 21.73%.
Key Metrics
The current valuation score of Garmin Ltd is 5.48, ranking 46 out of 53 in the Communications & Networking industry. Its current P/E ratio is 26.62, which is 23.67% below the recent high of 32.92 and 33.38% above the recent low of 17.73.
The current earnings forecast score of Garmin Ltd is 6.20, ranking 44 out of 53 in the Communications & Networking industry. The average price target is 208.00, with a high of 305.00 and a low of 185.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Garmin Ltd is 6.91, ranking 40 out of 53 in the Communications & Networking industry. Currently, the stock price is trading between the resistance level at 264.07 and the support level at 225.36, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
The current institutional shareholding score of Garmin Ltd is 5.00, ranking 24 out of 53 in the Communications & Networking industry. The latest institutional shareholding proportion is 54.40%, representing a quarter-over-quarter decrease of 4.77%. The largest institutional shareholder is Invesco, holding a total of 867.02K shares, representing 0.45% of shares outstanding, with 19.41% decrease in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Communications & Networking domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Garmin Ltd is 7.26, ranking 8 out of 53 in the Communications & Networking industry. The company's beta value is 0.95. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. Garmin Ltd’s latest ESG disclosure leads the Communications & Networking industry, indicating outstanding, compliant performance across environmental management, social responsibility, and governance, which may help mitigate overall risk.
