Garmin Ltd Stock Fair Value Calculation – Garmin Ltd. Stock Takes a Hit, Underperforms Market on Wednesday.

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Garmin Ltd Stock Fair Value Calculation – Garmin Ltd ($NYSE:GRMN).’s stock took a hit on Wednesday, underperforming the market as a whole. This decline came as a surprise to many investors, who had expected Garmin Ltd. to keep pace with the rest of the market. The company had reported relatively strong earnings and showed great potential for future growth.

Despite this, its stock took a hit, indicating that investors may be wary of the company’s long-term sustainability. This decline may create an opportunity for investors who are seeking to buy in at a lower price. If Garmin Ltd. can show strong growth in future quarters, it could be a solid investment for those who can weather short-term losses.

Market Price

The stock opened at $96.2 and closed at $98.2, representing a 1.5% increase from its prior closing price of 96.8 on Tuesday. This performance is a stark contrast to other stocks in the market which experienced gains or held steady. Investors remain uncertain as to what caused the stock to dip, though some speculate that news of economic volatility internationally, particularly in Europe and China, could be the culprit. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Garmin Ltd. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Garmin Ltd. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Garmin Ltd. More…

Key Ratios Snapshot

Some of the financial key ratios for Garmin Ltd are shown below. More…

Analysis – Garmin Ltd Stock Fair Value Calculation

At GoodWhale, we have conducted an analysis of GARMIN LTD‘s wellbeing and our proprietary Valuation Line indicates that its fair value per share is currently around $122.9. However, currently GARMIN LTD’s stock is traded at $98.2, meaning that it’s currently undervalued by 20.1%. This is an opportunity for investors to buy GARMIN LTD shares at a discounted price. We hope that this information will help you make the best investment decision for your portfolio. More…

Peers

Its competitors include NetApp Inc, Jiangsu Leike Defense Technology Co Ltd, and Red Cat Holdings Inc.

– NetApp Inc ($NASDAQ:NTAP)

NetApp Inc is a American multinational storage and data management company headquartered in Sunnyvale, California. It is a member of the NASDAQ-100 and S&P 500. The company was founded in 1992 with an initial public offering in 1995. NetApp offers a wide range of products and services for enterprise storage, including software-defined storage, flash storage, converged systems, data management, and more. The company has a market cap of $14.66B as of 2022 and a Return on Equity of 100.42%.

– Jiangsu Leike Defense Technology Co Ltd ($SZSE:002413)

Jiangsu Leike Defense Technology Co Ltd is a Chinese company that specializes in the development and manufacture of defense products. The company has a market cap of 6.76B as of 2022 and a Return on Equity of -4.34%. Jiangsu Leike Defense Technology Co Ltd’s products include missiles, armored vehicles, and other defense products. The company is headquartered in Nanjing, China.

– Red Cat Holdings Inc ($NASDAQ:RCAT)

Red Cat Holdings Inc is a development stage company that focuses on acquiring, developing, and commercializing technology in the field of 3D printing. The company was founded in 2013 and is headquartered in Vancouver, Canada.

Red Cat has a market cap of $76.86M as of 2022 and a ROE of -11.27%. The company focuses on acquiring, developing, and commercializing technology in the field of 3D printing.

Summary

Garmin Ltd. (GRMN) shares experienced a significant downturn on Wednesday, underperforming the market for the day.