Garmin Ltd. Stock Thrives Despite Day’s Losses
January 5, 2024
☀️Trending News
Garmin Ltd ($NYSE:GRMN). has had a successful run in the stock market, despite a dip in the value of its stock on the day. Its products include wearables, action cameras, dash cams, navigation systems and more. The company’s successes have been driven by its strong brand recognition, extensive product offerings and impressive financials. Despite the day’s losses, Garmin Ltd. stock is still outperforming the market. This success can be attributed to a range of factors, including strong customer loyalty, a focus on innovation, and robust financials.
In addition, the company has also seen success due to its strategic partnerships with other leading technology companies, such as Apple and Samsung. The stock of Garmin Ltd. shows strong potential for growth in the future and is likely to remain as one of the top performers in its sector. The company’s product offerings and dedication to innovation have enabled it to remain at the forefront of the GPS and technology industry. With a steady revenue stream and a solid financial position, this stock is set to continue its impressive performance.
Share Price
The stock opened at $127.6 and closed at $126.6, lower than the previous closing price of $128.5. It has demonstrated an impressive ability to weather downturns and remain resilient amidst market fluctuations. The company’s innovative products and services have been the driving force behind this success. The company’s focus on creating innovative products and services has paid off with increased customer loyalty and market share over time, allowing it to remain profitable even during times of economic uncertainty.
Overall, Garmin Ltd.’s performance on Tuesday, despite the losses, is indicative of its strength as an investment. With its dedication to innovation and strong financial performance, Garmin Ltd. is well-positioned for future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Garmin Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 5.05k | 1.04k | 19.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Garmin Ltd. More…
| Operations | Investing | Financing |
| 1.28k | -93.67 | -848.79 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Garmin Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.97k | 1.62k | 33.18 |
Key Ratios Snapshot
Some of the financial key ratios for Garmin Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.7% | 2.0% | 20.2% |
| FCF Margin | ROE | ROA |
| 21.2% | 10.2% | 8.0% |
Analysis
GoodWhale offers a comprehensive analysis of GARMIN LTD‘s financials. Using the Star Chart, we concluded that GARMIN LTD is strong in asset, dividend, profitability, and medium in growth. Classifying the company as ‘rhino’ – a type of company we conclude has achieved moderate revenue or earnings growth – we can provide insight into what type of investors may be interested in such a company. GARMIN LTD also has an impressive health score of 10/10 with regard to its cashflows and debt, indicating it is capable to pay off debt and fund future operations. This score makes it an appealing prospect to potential investors. In conclusion, GARMIN LTD presents a solid option for investors who are looking for a reliable company with a history of good performance. 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. is a technology company that produces consumer, aviation, and marine products and services. Despite losses on the day, their stock has outperformed the market in the past few months due to continued growth in their products and services. They have also made strategic investments into new markets and product lines, such as their smartwatch line.
Additionally, sales of their aviation, marine, and outdoor products and services have seen continued improvement. Overall, analysts believe that Garmin’s stock remains a good buy due to its sound strategy, solid financials, and competitive edge.
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