Garmin Ltd. (GRMN)
229.01 USD -12.92 (-5.34%) Volume: 1.63M
Garmin Ltd.’s stock price stands at 229.01 USD, experiencing a dip of -5.34% this trading session with a trading volume of 1.63M. Despite today’s drop, the stock still boasts a positive year-to-date (YTD) percentage change of +9.98%, showcasing its resilient performance in the market.
Latest developments on Garmin Ltd.
Garmin Ltd (GRMN) experienced a significant surge in its stock price today following the release of its strong Q4 and full-year 2024 earnings report. The company reported record revenue and strong growth across its segments, leading to an increase in investor confidence. Garmin also announced a dividend of $0.75 per share, further boosting shareholder value. With a 20% dividend hike and positive earnings results, Garmin’s stock soared to an all-time high of $236.84, reflecting the market’s bullish sentiment towards the company’s performance and future growth prospects.
Garmin Ltd. on Smartkarma
Analyst coverage of Garmin Ltd on Smartkarma reflects a mix of sentiments. Upslope Capital Management‘s Quarterly Investor Letter for Q4 2024 leans bearish, citing challenges in the market environment and underperformance of longs and shorts. Despite the tough quarter, the analyst acknowledges mistakes that exacerbated the situation. On the other hand, Baptista Research takes a bullish stance on Garmin Ltd, highlighting the company’s strong third-quarter performance in 2024. With a 24% increase in consolidated revenue and significant growth across all business segments, Garmin Ltd‘s strategic moves, such as the acquisition of Lumishore, are seen as potential game-changers for the company’s future success.
A look at Garmin Ltd. Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Garmin Ltd. appears to have a positive long-term outlook based on its Smartkarma Smart Scores. With above-average scores in Value, Growth, Resilience, and Momentum, the company seems well-positioned to continue its success in the market. While its Dividend score is slightly lower, the overall picture for Garmin Ltd. looks promising.
As a provider of navigation and communication devices, Garmin Ltd. has established itself as a leader in the industry. With a strong focus on innovation and technology, the company’s products are highly regarded for their quality and reliability. The combination of solid scores across various factors bodes well for Garmin Ltd.’s future prospects in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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