Stock To Watch: Garmin Ltd. (NASDAQ:GRMN)


The leading market experts have placed a mean price target of $48.83 on Garmin Ltd. (NASDAQ:GRMN) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.62 a share for the upcoming quarter and $2.34 for the current fiscal. Technical View The technical analysis of Garmin Ltd. plainly substantiates that the 50-day moving average of Garmin Ltd. is $43.81, and stock is hovering 10.05 or +22.93% distant from $43.81. It is noted that the 200-day MA is $40.35, and Garmin Ltd. stock is $13.51 or +33.47% off from this point. Garmin Ltd. (NASDAQ:GRMN) 52-week high is $54.00 and the 52-week low is $30.93. This explains if the stock moves $-0.14, it will post a 52-week high. In event of $+74.14% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Garmin Ltd., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Garmin Ltd. (NASDAQ:GRMN) ratio came in at 21.52. The stock last ended the trading session at $53.86 and registered a market cap of $10.19B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Garmin Ltd. (NASDAQ:GRMN) PEG ratio is at 2.93.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 41 times, 1 visits today)