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 $96.82, up 0.83% from the previous day, and has decreased 17.04% in one year. It has overperformed other stocks in the Scientific & Technical Instruments industry by 0 percentage points. Garmin stock is currently +26.78% from its 52-week low of $76.37, and -20.47% from its 52-week high of $121.74.
At the moment, there are 191.36M shares of GRMN outstanding. The market value of GRMN is $18.53B. In the past 24 hours, 556,972 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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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.
- Input your personal data to start a new trading account.
- Submit your info by pressing the "Create Account" button.
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 overvalued based on its P/E ratio of 19.13x, relative to Scientific & Technical Instruments industry P/E ratio of 15.59x
- GRMN may be overvalued based on its P/B ratio of 2.99x, relative to Scientific & Technical Instruments industry P/B ratio of 2.77x
- GRMN could be overvalued based on its PEG ratio of 3.42x
You can do additional valuation research on GRMN's stock here.
A look at GRMN Cashflows and Balance Sheet
Positive Financial Indicators:
- GRMN earnings of $1.06B is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the GRMN balance sheet.
- GRMN's operating cash flow of $788.26M allows it to safely service it's debt of $114.54M.
- GRMN has a low debt to equity ratio of 0.25.
- Total GRMN debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the GRMN balance sheet.
Negative Financial Indicators:
- GRMN profit margin has gone down from 21.7% to 20% in the past year.
Is Garmin stock a Buy, Hold, or Sell, according to analysts?
Out of 7 sell side analysts who research GRMN, the consensus analyst rating on GRMN is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent GRMN Analyst Forecasts
Ivan Feinseth, a bottom 10% analyst from Tigress Financial reiterates GRMN with a strong buy rating and maintains their GRMN price target from $165.00 to $165.00, on Mar 3, 2023.
Lauren Chung, a bottom 31% analyst from JP Morgan maintains GRMN with a strong buy rating and raises their GRMN price target from $108.00 to $115.00, on Feb 23, 2023.
Joshua Pokrzywinski, a top 4% analyst from Morgan Stanley maintains GRMN with a hold rating and raises their GRMN price target from $91.00 to $99.00, on Feb 23, 2023.
Tim Long, a top 10% analyst from Barclays maintains GRMN with a hold rating and raises their GRMN price target from $97.00 to $101.00, on Feb 23, 2023.
Erik Woodring, a bottom 7% analyst from Morgan Stanley maintains GRMN with a hold rating and lowers their GRMN price target from $96.00 to $91.00, on Oct 17, 2022.
You can dig deeper into what analysts are saying on the Garmin stock forecast page.
Metrics for Advanced GRMN Traders
Is GRMN Making Money?
Last year, GRMN earnings were $973.59M. During the last five year, GRMN's earnings have gone up by 6.06% per year. This was slower than the Scientific & Technical Instruments industry average of 18.91%.
Last year, GRMN revenue was $4.86B. During the past five year, GRMN's revenue has grown by 9.26% per year. This was slower than the Scientific & Technical Instruments industry average of 9.35%.
Dive into GRMN's earnings and revenue performance here.
Are GRMN executives and large shareholders buying or selling the stock?
Over the last 12 months, insiders at GRMN have sold more shares than they have bought.
Patrick Desbois, EVP Operations of GRMN, was the latest GRMN insider to sell. They sold $393,113.50 worth of GRMN shares on Feb 28, 2023.
Dig into more about who owns GRMN stock here.
Does GRMN provide a stable income stream?
Garmin pays a dividend of 3.02%, compared to the Scientific & Technical Instruments industry's average dividend yield of 1.5%. If you owned $1,000 worth of GRMN stock, you would have been paid $30.16 last year.
Garmin dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Garmin dividend yield and history here.
What others are saying about GRMN
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your GRMN purchase
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount limit, use a limit order.
Click the Open button and eToro will execute the order.
If you want more help with investing in stocks on eToro, click the how to video below:
Step 6: Monitor your GRMN investment
Now that you own some GRMN stock, you'll want to keep up with your new company.
Add GRMN to a watchlist to keep track of your GRMN stock.
GRMN Feed
How to Buy Stock in Garmin
To reiterate, here are the 6 steps to buy Garmin stock:
- 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 are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Garmin, hit the button below to create your watchlist.
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