Garmin (GRMN) Stock Price

Financial Performance

Garmin's last quarter revenue was $1.6B, a growth of 5.3% from the previous quarter and a year over year growth of 7%. The gross profit stood at $951.6M, with an increase of 10.3% from the previous quarter and a yearly increase of 10.1%. The operating income profit was $437.5M, up by 27.9% quarterly and up by 28.5% annually.

The EBITDA ratio for the last quarter was at a healthy level of 0.3 indicating good profitability.

Stock Price

The stock is currently trading at $228.93, showing a monthly increase of about 7.3%, and an impressive annual increase of around 68.2%. The RSI value stands at around the mid-range level (58), suggesting that the stock is neither overbought nor oversold.

The stock's price has been consistently above its long-term average (200-day moving average) which is currently at $187.32, indicating bullish momentum in the medium to long term.

Alternative Data Signals

In terms of web traffic trends, Garmin attracts approximately 44 million visitors per month - this represents a monthly increase but an annual decrease in visitor numbers.

The company’s mobile apps have seen significant growth with daily downloads increasing exponentially both on a monthly basis (3605%) as well as annually (3719%). This may suggest increased consumer interest or engagement with Garmin products.

The number of job postings decreased slightly both monthly (-9%) and annually (-6%), possibly indicating slower business expansion or efficiency improvements within Garmin's operations.

The business outlook among Garmin's employees is largely positive, with 77% of them reporting a positive business outlook. This is a good sign as it suggests employee confidence in the company's future.

Garmin’s social media presence shows mixed trends - while there has been a slight decrease in Twitter followers over the last 90 days (-0.9%), there has been considerable growth in Instagram (17.5%) and Facebook (2.7%) followers suggesting an overall healthy level of engagement with customers and potential customers.

Conclusion

In conclusion, given Garmin's solid financial performance, strong stock price momentum, significant mobile app download growth rate and generally positive alternative data signals, this analysis is bullish on Garmin’s stock performance.

Note: This AI Stock Analysis is based on data as of March 03. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Garmin (GRMN), currently trading at $235.1, will... Sign up to access price prediction.