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published in Blogs
Feb 22, 2023
The Garmin Ltd (GRMN, $97.06) innovations and acquisitions affecting the earnings

The Garmin Ltd (GRMN, $97.06) innovations and acquisitions affecting the earnings

A worldwide technology business called Garmin Ltd. focuses on creating GPS-enabled products for a variety of markets, including the automobile, aviation, marine, and outdoor recreation industries.

Garmin has recently completed a number of significant acquisitions to broaden both its client base and product offering. A Finnish firm called Firstbeat Analytics Oy, which specializes in physiological analytics for professional athletes, was bought by the corporation in 2020. Garmin has been able to solidify its position in the wearables market and create new products that appeal to athletes and fitness enthusiasts thanks to the acquisition of Firstbeat.

In 2019, the company acquired Navionics, a leading provider of electronic navigational charts and mobile applications for marine use. This acquisition has allowed Garmin to expand its product portfolio.
Garmin has been introducing new innovative products that have driven its earnings. In 2020, Garmin introduced the Venu 2, a smartwatch that features a range of health and fitness features.

 In Q4 2021, Garmin reported revenue of $1.35 billion, an increase of 28% compared to the same period in the previous year.

The company's solid financial performance and the favorable market perception of its cutting-edge product line and smart acquisitions are the causes of the recent bullish signal for Garmin's stock. On January 31, 2023, the 50-day moving average for GRMN crossed above the 200-day moving average, signaling a change in trend for the company.

Related Ticker: GRMN

GRMN in -5.17% downward trend, declining for three consecutive days on July 21, 2026

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where GRMN declined for three days, in of 271 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on July 20, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on GRMN as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for GRMN turned negative on July 21, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

GRMN broke above its upper Bollinger Band on July 06, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where GRMN's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

GRMN moved above its 50-day moving average on July 22, 2026 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for GRMN crossed bullishly above the 50-day moving average on July 07, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GRMN advanced for three days, in of 342 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 253 cases where GRMN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GRMN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.056) is normal, around the industry mean (4.228). P/E Ratio (27.124) is within average values for comparable stocks, (88.018). Projected Growth (PEG Ratio) (3.336) is also within normal values, averaging (2.252). Dividend Yield (0.015) settles around the average of (0.012) among similar stocks. P/S Ratio (6.301) is also within normal values, averaging (23.821).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Industry description

This industry manufactures electronic products used in various critical and sophisticated technologies, including laser-based systems, circuit and continuity testers, electro-optical measuring instruments and high-speed precision weighing and inspection equipment. Some major companies operating in this business are Canon Inc., Keysight Technologies Inc., and Fortive Corp.

Market Cap

The average market capitalization across the Electronic Equipment/Instruments Industry is 8.44B. The market cap for tickers in the group ranges from 27.54K to 122.53B. KYCCF holds the highest valuation in this group at 122.53B. The lowest valued company is CSEC at 27.54K.

High and low price notable news

The average weekly price growth across all stocks in the Electronic Equipment/Instruments Industry was -4%. For the same Industry, the average monthly price growth was -5%, and the average quarterly price growth was 1%. SVRE experienced the highest price growth at 11%, while SOBR experienced the biggest fall at -23%.

Volume

The average weekly volume growth across all stocks in the Electronic Equipment/Instruments Industry was -21%. For the same stocks of the Industry, the average monthly volume growth was -45% and the average quarterly volume growth was -42%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 51
P/E Growth Rating: 55
Price Growth Rating: 54
SMR Rating: 79
Profit Risk Rating: 77
Seasonality Score: 2 (-100 ... +100)
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published General Information

General Information

a manufacturer of navigation and communications equipments

Industry ElectronicEquipmentInstruments

Profile
Details
Industry
Telecommunications Equipment
Address
Muhlentalstrasse 2
Phone
+41 526301600
Employees
19900
Web
https://www.garmin.com
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