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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 $198.18, down 0.09% from the previous day, and has increased 74.56% in one year. It has overperformed other stocks in the Scientific & Technical Instruments industry by 0.39 percentage points. Garmin stock is currently +73.1% from its 52-week low of $114.49, and -4.36% from its 52-week high of $207.22.

At the moment, there are 192.02M shares of GRMN outstanding. The market value of GRMN is $38.06B. In the past 24 hours, 1.67M GRMN shares were traded.

How to Buy Garmin Stock

Wondering how to invest in Garmin stock? Here's how.
  1. 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.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Deposit money your investment account: Pick your payment method and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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:

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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

GRMN Price
$198.18
1w %
22.11%
1y %
74.56%
5y %
109.8%
P/E
25.02x
P/B
5.07x
P/S
6.39x
PEG
N/A
Revenue
$5.96B
Earnings
$1.52B
Fore. Rev. Growth
3.62%
Fore. Earn. Growth
-8.83%
Market Cap
$38.06B
Next Earnings
N/A
Next Dividend
Dec 27, 2024

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 25.02x, relative to Scientific & Technical Instruments industry P/E ratio of 64.85x
  • GRMN may be overvalued based on its P/B ratio of 5.07x, relative to Scientific & Technical Instruments industry P/B ratio of 3.37x

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 20.6% to 25.5% in the past year.
  • There are more short-term assets than short-term liabilities on the GRMN balance sheet.
  • GRMN earnings of $1.56B is not sufficient to cover its interest payments.
  • GRMN's operating cash flow of $1.41B allows it to safely service it's debt of $109.83M.
  • GRMN has a low debt to equity ratio of 0.25.
  • 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 4 Equities analysts who give ratings on GRMN, the consensus analyst rating on GRMN is a Hold

Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.

You can dig deeper into what analysts are saying on the Garmin stock forecast page.

Metrics for Advanced GRMN Traders

SMA10
174.93
SMA20
170.5
SMA50
174.16
SMA100
170.89
SMA200
158.15
MACD
4.78
MACD Signal
0.39
MACD Histogram
4.39
RSI
72.75
Stochastic %K
85.44
Stochastic %D
81.23
StochRSI %K
87.73
StochRSI %D
93.82

Is GRMN Making Money?

Last year, GRMN earnings were $1.52B. During the past 5 year, GRMN's earnings have increased by 13.91% per year. This was faster than the Scientific & Technical Instruments industry average of 3.67%.

Last year, GRMN revenue was $5.96B. During the last 5 year, GRMN's revenue has increased by 10.67% per year. This was faster than the Scientific & Technical Instruments industry average of 9.34%.

Dive into GRMN's earnings and revenue performance here.

What are GRMN insiders up to?

Over the past 12 months, executives and large shareholders at GRMN have sold more shares than they have bought.

Jonathan Burrell, Director of GRMN, was the latest GRMN insider to buy. They bought $2,733,375.00 worth of GRMN shares on Sep 10, 2024.

Get more info about who owns GRMN shares here.

Does GRMN stock generate passive income?

Garmin pays a dividend of 1.49%, compared to the Scientific & Technical Instruments industry's average dividend yield of 0.78%. If you owned $1,000 worth of GRMN stock, you would have been paid $14.94 in the past year.

Garmin dividend payments have consistently grown over the past decade and have remained stable.

Dig into more analysis about Garmin dividend yield and history here.

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Step 5: Place your GRMN purchase

You have two main options:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually sufficient.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a particular dollar amount limit, use a limit order.

Press the Open button and your broker will execute the order.

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Step 6: Monitor your GRMN investment

Now that you own some GRMN stock, you'll want to stay up-to-date on your new company.

Add GRMN to a watchlist to track your GRMN stock.

GRMN Feed

How to Buy Stock in Garmin

To summarize, here are the 6 steps to buy Garmin stock:

  1. Figure out where to buy Garmin stock
  2. Open a brokerage account
  3. Deposit money your investment account
  4. Research Garmin stock
  5. Place your GRMN purchase
  6. Monitor your GRMN investment

If you need a brokerage account, eToro is our recommended option.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to monitor your investment in Garmin, get started below.

NYSE: GRMN
$198.18-0.17 (-0.09%)
Updated Nov 1, 2024
Open eToro Account
NYSE: GRMN
$198.18-0.17 (-0.09%)
Updated Nov 1, 2024
Open eToro Account

FAQ

How much does it cost to buy one Garmin share?

As of Nov 1, 2024, it costs $198.18 to buy one share of Garmin stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.505 shares of GRMN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Garmin stock?

According to 4 Wall Street analysts who monitor Garmin, their consensus recommendation is to hold Garmin stock.

What is the best way to buy Garmin stock?

One way to place an order for Garmin stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.