How to Buy Garmin Stock
Garmin Ltd
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness.
Garmin stock last closed at $142.51, up 1.06% from the previous day, and has increased 45.86% in one year. It has overperformed other stocks in the Scientific & Technical Instruments industry by 0.46 percentage points. Garmin stock is currently +50.18% from its 52-week low of $94.89, and -4.7% from its 52-week high of $149.54.
At the moment, there are 191.78M shares of GRMN outstanding. The market value of GRMN is $27.33B. In the past 24 hours, 779,564 GRMN shares were traded.
How to Buy Garmin Stock
Wondering how to invest in Garmin stock? Here's how.
- Figure out where to buy Garmin stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you determine where to buy Garmin stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Pick your payment method and add your details.
- Research Garmin stock: The Garmin ticker symbol is GRMN. Is Garmin stock a good investment? Should you buy shares of GRMN? How do GRMN's underlying business fundamentals look? Do top analysts think Garmin is a good buy? Why has GRMN's stock price moved recently? (Hint: Our stock market research website can help you decide if GRMN is a good stock to buy).
- Place your GRMN purchase: Decide if you will purchase GRMN shares at the current market price or use a limit order to purchase GRMN shares at a particular price.
- Monitor your GRMN investment: Create a watchlist to important notifications about your position in Garmin stock.
Step 1: Figure out where to buy Garmin stock
You will need a brokerage account to access the NYSE market and buy GRMN shares.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best online stock brokerage. eToro gives you:
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- Social investing: eToro has a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal information so you are able to invest in GRMN today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to start a new trading account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've filled out your info on the best stock market app, you can securely and quickly fund your account:
Watch this video walkthrough for more details transferring money into your new brokerage account.
Step 4: Research Garmin stock
Once you have identified the best place to buy Garmin stock, it's absolutely critical to analyze their stock before you invest, so you actually comprehend the risk and opportunity.
Garmin shares at a glance
Garmin Fundamentals
WallStreetZen was built to help average investors perform more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on GRMN's stock page.
How is GRMN stock valued?
You can use many financial metrics, analyses, models, and charts to gauge GRMN's intrinsic value.
Using relative valuations ratios:
- GRMN may be undervalued based on its P/E ratio of 21.14x, relative to Scientific & Technical Instruments industry P/E ratio of -5.12x
- GRMN may be overvalued based on its P/B ratio of 3.9x, relative to Scientific & Technical Instruments industry P/B ratio of 3.13x
You can access more valuation analysis on GRMN's stock here.
GRMN Financial Health
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the GRMN balance sheet.
- GRMN profit margin has gone up from 20% to 24.7% in the past year.
- There are more short-term assets than short-term liabilities on the GRMN balance sheet.
- GRMN earnings of $1.20B is not sufficient to cover its interest payments.
- GRMN's operating cash flow of $1.38B allows it to safely service it's debt of $113.04M.
- GRMN has a low debt to equity ratio of 0.23.
- Total GRMN debt is lower than 5 years ago, relative to shareholder equity.
Is it a good time to buy GRMN stock, according to analysts?
Out of 8 Equities analysts who give ratings on GRMN, the consensus analyst rating on GRMN is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest GRMN Analyst Recommendations
Lauren Chung, a bottom 46% analyst from JP Morgan maintains GRMN with a strong buy rating and raises their GRMN price target from $118.00 to $135.00, on Nov 2, 2023.
Erik Woodring, a top 29% analyst from Morgan Stanley maintains GRMN with a hold rating and lowers their GRMN price target from $103.00 to $100.00, on Nov 2, 2023.
George Kelly, a top 29% analyst from Barclays maintains GRMN with a hold rating and raises their GRMN price target from $113.00 to $119.00, on Nov 2, 2023.
You can dig deeper into what analysts are projecting on the Garmin stock forecast page.
GRMN Trading Indicators
GRMN Earnings
Last year, GRMN earnings were $1.29B. In the last five year, GRMN's earnings have increased by 12.87% per year. This was faster than the Scientific & Technical Instruments industry average of 7.52%.
Last year, GRMN revenue was $5.23B. Over the last 5 year, GRMN's revenue has increased by 9.33% per year. This was faster than the Scientific & Technical Instruments industry average of 9.15%.
Dig into GRMN's earnings and revenue performance here.
What are GRMN executives and large shareholders up to?
In the last year, insiders at GRMN have sold more shares than they have bought.
Jonathan Burrell, Director of GRMN, was the latest GRMN insider to sell. They sold $2,192,280.00 worth of GRMN stock on Mar 15, 2024.
Dig into more about who owns GRMN stock here.
Does GRMN provide a stable income stream?
Garmin pays a dividend of 2.05%, compared to the Scientific & Technical Instruments industry's average dividend yield of 0.76%. If you owned $1,000 worth of GRMN stock, you would have been paid $20.49 in the past 12 months.
Garmin dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Garmin dividend yield and history here.
What others are saying about GRMN
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your GRMN purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, place a limit order.
Hit the Open Trade button and eToro will place your order.
If you require additional help investing in stocks on eToro, watch the how to video below:
Step 6: Monitor your GRMN investment
Now that you own some GRMN shares, you'll want to keep up with your stock purchase.
Add GRMN to a watchlist to get alerted to the latest events about your GRMN stock.
GRMN Feed
How to Buy Stock in Garmin
To reiterate, here are the 6 steps you need to take to buy Garmin stock right now:
- Figure out where to buy Garmin stock
- Open a brokerage account
- Deposit money your investment account
- Research Garmin stock
- Place your GRMN purchase
- Monitor your GRMN investment
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Garmin, add GRMN to your watchlist by clicking the button below.
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