Garmin Ltd.’s Stock Price Skyrockets to $241.93, Marking a Stellar 12.64% Increase.

Garmin Ltd. (GRMN)

241.93 USD +27.15 (+12.64%) Volume: 3.05M

Garmin Ltd.’s stock price soars to 241.93 USD, showcasing an impressive trading session increase of +12.64%. With a trading volume of 3.05M and a substantial YTD percentage change of +17.29%, GRMN’s stock performance continues to captivate investors.

Latest developments on Garmin Ltd.

Garmin Ltd. has been making waves in the stock market after announcing its fourth quarter and fiscal year 2024 results. Despite a decrease in Q4 profit, the company managed to beat estimates, with EPS of $2.25 surpassing expectations and revenue soaring to $1.82 billion. The strong performance was driven by the success of wearables and adventure watches, leading to a 20% dividend hike and a record high stock price of $236.84. Investors were pleased with Garmin’s higher Q4 sales and adjusted earnings, causing shares to surge nearly 3% as the company provided a strong outlook for 2025. With impressive results and promising guidance, Garmin Ltd. continues to be a top performer in the market.

Garmin Ltd. on Smartkarma

Analysts on Smartkarma have varying views on Garmin Ltd. Upslope Capital Management‘s report, “Upslope’s Quarterly Investor Letter: Q4 2024,” takes a bearish stance on the company. The report highlights challenges faced in Q4, with underperformance of long positions and negative impact from shorts. The tough market environment further exacerbated the situation, leading to a month-to-date performance decline of approximately 4%.

On the other hand, Baptista Research presents a bullish perspective in their report on Garmin Ltd. Titled “Garmin Ltd.: Will The Acquisition of LED Lighting Leader Lumishore & Strategic Product Expansion Be A Game Changer? – Major Drivers,” the report praises the company’s strong third-quarter performance in 2024. Garmin Limited saw significant growth and financial success, with a 24% increase in consolidated revenue to $1.59 billion. Gross margin expansion and a 62% surge in operating income further solidify the positive outlook for the company.

A look at Garmin Ltd. Smart Scores

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. is looking positive in the long term according to Smartkarma Smart Scores. With a strong value score of 4, the company is deemed to be undervalued compared to its competitors. Additionally, Garmin received high scores in growth, resilience, and momentum, indicating a promising outlook for the company’s future performance. This suggests that Garmin is well-positioned to continue its success in the market.

Furthermore, Garmin Ltd. also received a respectable score of 3 in dividends, showing that the company is committed to providing returns to its shareholders. Overall, with solid scores across the board, Garmin Ltd. appears to be a strong investment option for those looking for a company with a positive long-term outlook in the navigation and information technology sector.

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.
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