Garmin Ltd. ($GRMN) Stock Forecast: Down 6.6% Today

What is Garmin Ltd.?

Garmin (GRMN) is a multinational technology company renowned for its GPS technology and wearable devices. It operates in sectors including Outdoor, Fitness, Aviation, Marine, and Auto OEM.

Why is Garmin Ltd. going down?

GRMN stock is down 6.6% on Feb 20, 2025 18:51

• Today, Garmin (GRMN) faced a significant downturn despite surpassing expectations in Q4 earnings and revenue. Here are some potential reasons behind the market activity:
• Concerns about the sustainability of Garmin's growth may have led to the negative response to its strong earnings.
• Investors who anticipated a notable stock price surge following the positive earnings may have opted to take profits, contributing to the bearish movement.
• The general market mood, marked by a decline of over 200 points in the Dow Jones, could have influenced the downward trajectory of Garmin's stock price.
• Technical selling or profit-taking by short-term traders, potentially triggered by crossing above the 20-day moving average, could have exacerbated the bearish movement despite the favorable financial results.

GRMN Price Chart

GRMN Technical Analysis

GRMN News

Garmin Q4 Earnings Beat: Will a Strong Guidance Lift the Stock?

GRMN's fourth-quarter 2024 results reflect solid momentum across Outdoor, Fitness, Aviation, Marine and Auto OEM segments.

https://www.zacks.com/stock/news/2418839/garmin-q4-earnings-beat-will-a-strong-guidance-lift-the-stock

Garmin ( GRMN ) Just Overtook the 20-Day Moving Average

Should investors be excited or worried when a stock crosses above the 20-day simple moving average?

https://www.zacks.com/stock/news/2418628/garmin-grmn-just-overtook-the-20-day-moving-average

Company News for Feb 20, 2025

Companies in The News Are: ...

https://www.zacks.com/stock/news/2418544/company-news-for-feb-20-2025

Garmin Posts Better-Than-Expected Results, Joins SolarEdge Technologies, Compass, Appian And Other Big Stocks Moving Higher On Wednesday - Andersons ( NASDAQ:ANDE ) , Analog Devices ( NASDAQ:ADI )

U.S. stocks were lower, with the Dow Jones falling over 200 points on Wednesday. Shares of Garmin Ltd. GRMN rose sharply during Wednesday's session after the company reported better-than-expected fourth-quarter financial results and FY25 outlook. It also recommended 20% dividend hike.

https://www.benzinga.com/25/02/43821108/garmin-posts-better-than-expected-results-joins-solaredge-technologies-compass-appian-and-other-big-stocks-moving

Garmin ( GRMN ) Tops Q4 Earnings and Revenue Estimates

Garmin (GRMN) delivered earnings and revenue surprises of 24.23% and 8.39%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2417750/garmin-grmn-tops-q4-earnings-and-revenue-estimates

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Garmin Ltd. Price History

30.09.2024 - GRMN Stock was up 23.2%

• Garmin (GRMN) surpassed Q3 earnings and revenue expectations by a significant margin, demonstrating robust financial performance.
• The favorable earnings and revenue results likely instilled confidence in investors regarding the company's growth potential, fueling the stock's upward trend.
• The strong Q3 performance can be credited to heightened demand for Garmin's products and services, highlighting the company's adeptness in seizing market opportunities.
• Investors responded positively to Garmin's impressive financial outcomes, resulting in heightened buying activity and driving the stock price upwards.

13.08.2024 - GRMN Stock was down 5.8%

• The comparison between another company and the multinational technology company for value investors may have highlighted some weaknesses in the multinational technology company's current position, potentially impacting its stock price negatively.
• Comments on another company losing 'too much money' could have raised concerns about the overall tech sector, leading investors to be more cautious with their investments in the multinational technology company.
• Despite a slight rise in the multinational technology company's stock in the latest trading session, the overall market trend may have overshadowed this positive movement, resulting in a bearish day for the stock.

13.08.2024 - GRMN Stock was down 5.5%

• Garmin (GRMN) saw a decrease in its stock price amid ongoing market movements.
• The slight uptick in Garmin's stock value was overshadowed by broader market shifts.
• Investor sentiment towards tech stocks, including Garmin, may have been influenced by comments on financial struggles in the industry.
• Concerns about financial performance in the tech sector possibly contributed to the downturn in Garmin's stock value.

22.01.2024 - GRMN Stock was up 8.8%

• Strong bullish movement for Garmin (GRMN) today after surpassing fourth-quarter earnings expectations and posting positive financial results.
• Double-digit growth in revenues and earnings reported, fueled by robust performance in auto and fitness divisions.
• Investor confidence in the stock reinforced by Garmin's planned dividend increase and share repurchase program.
• Market responded favorably to the developments, with optimistic outlook for revenue expansion in 2024 adding to the positive sentiment around GRMN.

22.01.2024 - GRMN Stock was up 8.8%

• Fourth-quarter earnings exceeded expectations, fueled by strong performance in the auto and fitness business segments.
• A proposed dividend increase and share buyback plan were announced, likely contributing to positive investor sentiment.
• Revenues and earnings saw a double-digit increase, with total revenues up 13% annually, demonstrating solid financial performance.
• A positive outlook for 2024 revenue growth of 10% further boosted the bullish momentum in Garmin's stock.

21.01.2024 - GRMN Stock was up 8.8%

• Garmin's stock rose notably after surpassing fourth-quarter earnings expectations, fueled by strong performance in its auto and fitness segments.
• Positive investor sentiment was also influenced by the company's proposed dividend increase and share buyback plan.
• The company's impressive double-digit growth in fourth-quarter revenues and earnings underscored its solid financial performance.
• Robust performance in the Outdoor, Fitness, Auto, and Marine segments contributed to Garmin's strong Q4 results, receiving a positive market response.

30.09.2024 - GRMN Stock was up 17.2%

• The increase in Garmin's stock price today could be linked to favorable market sentiment related to its upcoming Q3 earnings.
• Positive expectations regarding performance in key metrics beyond standard financial projections may have influenced investor confidence.
• Emphasis on innovation and product advancement within the technology industry may also be boosting optimism for Garmin.
• In general, there appears to be a positive market outlook on Garmin's growth potential and financial results in the near term, driving the upward movement in the stock price.

20.01.2025 - GRMN Stock was down 5.1%

• Despite posting better-than-expected fourth-quarter financial results and a positive FY25 outlook, GRMN's stock saw a strong bearish movement.
• The market reaction could be attributed to profit-taking by investors who may have been expecting even higher results, leading to a temporary downturn in the stock price.
• The positive news of a 20% dividend hike and surpassing Q4 earnings and revenue estimates may not have been enough to sustain the bullish momentum in the face of broader market trends.
• Investors comparing GRMN to other stocks for value may have influenced the bearish movement, as market dynamics and competition play a role in stock performance.

20.01.2025 - GRMN Stock was down 6.6%

• Today, Garmin (GRMN) faced a significant downturn despite surpassing expectations in Q4 earnings and revenue. Here are some potential reasons behind the market activity:
• Concerns about the sustainability of Garmin's growth may have led to the negative response to its strong earnings.
• Investors who anticipated a notable stock price surge following the positive earnings may have opted to take profits, contributing to the bearish movement.
• The general market mood, marked by a decline of over 200 points in the Dow Jones, could have influenced the downward trajectory of Garmin's stock price.
• Technical selling or profit-taking by short-term traders, potentially triggered by crossing above the 20-day moving average, could have exacerbated the bearish movement despite the favorable financial results.

19.01.2025 - GRMN Stock was up 9.6%

• GRMN's stock had a strong bullish movement today, possibly driven by anticipation and positive expectations surrounding its upcoming Q4 earnings report.
• Focus is on GRMN's Q4 earnings and the potential growth in its various end markets, such as fitness, marine, aviation, auto OEM, and outdoor sectors.
• Investors may be optimistic about GRMN's performance, leading to increased buying activity and driving the stock price higher.
• The comparison with BELFB suggests that GRMN may be perceived as a more attractive investment option currently, adding to the positive momentum in the stock.

19.01.2025 - GRMN Stock was up 11.8%

• Garmin's stock saw a significant increase following the announcement of better-than-expected fourth-quarter financial results and a positive FY25 outlook, resulting in a 20% increase in dividends.
• The company's Q4 earnings and revenue surpassed expectations, indicating strong performance and potential growth opportunities.
• Analysts are evaluating Garmin's stock in comparison to other options for value investors, displaying confidence in the company's future prospects.
• The optimism leading up to Garmin's Q4 earnings and positive forecasts likely fueled the uptick in the stock price, with a particular focus on key performance indicators in the fitness, marine, aviation, auto OEM, and outdoor markets.

19.01.2025 - GRMN Stock was up 15.1%

• Garmin (GRMN) exceeded both earnings and revenue estimates for the fourth quarter of 2024, showcasing strong financial performance.
• The market reacted positively to the news of Garmin's robust earnings, driving the stock price higher.
• Analysts and investors are optimistic about Garmin's future performance, especially with growth expected in its fitness, marine, aviation, auto OEM, and outdoor end markets.
• The comparison with other stocks like BELFB also indicates confidence in Garmin's value proposition, further boosting investor sentiment and contributing to the bullish movement.