Garmin Ltd. ($GRMN) Stock Forecast: Down 14.6% Today

What is Garmin Ltd.?

Garmin (GRMN) is a company renowned for its innovative GPS technology and wearable devices. The stock experienced a downward trend today.

Why is Garmin Ltd. going down?

GRMN stock is down 14.6% on Apr 3, 2025 16:17

• Garmin's recent strong stock performance has surpassed the S&P 500's performance in the last year, hinting at a promising future for the company.
• The sudden market dip could be linked to investors capitalizing on significant gains made on the stock.
• Shifts in market sentiment linked to general market conditions or sector-specific news may have caused the drop in Garmin's stock price.
• Investors are likely keeping a close eye on upcoming announcements and financial reports from Garmin to evaluate the company's growth prospects and potential effects on its stock performance.

GRMN Price Chart

GRMN Technical Analysis

GRMN News

Bull of the Day: Garmin ( GRMN )

Garmin shares been quietly strong over the past year, up nearly 50% and outperforming big relative to the S&P 500.

https://www.zacks.com/commentary/2436547/bull-of-the-day-garmin-grmn

Trending Today

Arkham ($ARKM) Crypto Forecast: Up 5.1% Today

EOS ($EOS) Crypto Forecast: Up 5.2% Today

Sonic (prev. FTM) ($S) Crypto Forecast: Up 5.1% Today

Crude Oil ($CRUDE) Commodity Forecast: Down 5.5% Today

Silver ($XAG) Commodity Forecast: Down 5.5% Today

Brent Crude Oil ($BRENT) Commodity Forecast: Down 5.3% Today

Cosmos ($ATOM) Crypto Forecast: Up 8.7% Today

Sui ($SUI) Crypto Forecast: Down 6.6% Today

Toncoin ($TON) Crypto Forecast: Down 7.3% Today

NEO ($NEO) Crypto Forecast: Up 5.6% Today

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.

04.02.2025 - GRMN Stock was down 5.1%

• Despite being listed as a top-ranked stock to buy on the recent pullback, Garmin (GRMN) experienced a strong bearish movement today.
• Reference to long-term gains from investing in Garmin a decade ago contrasts with today's bearish market movement, indicating a short-term downturn.
• The deviation between the bullish catalysts mentioned and the actual market performance today suggests that external factors or market conditions may have influenced the stock's decline.
• Investors who bought Garmin shares a decade ago may have seen significant returns, but current market dynamics seem to have impacted the stock negatively in the short term.

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.

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.

03.03.2025 - GRMN Stock was down 14.6%

• Garmin's recent strong stock performance has surpassed the S&P 500's performance in the last year, hinting at a promising future for the company.
• The sudden market dip could be linked to investors capitalizing on significant gains made on the stock.
• Shifts in market sentiment linked to general market conditions or sector-specific news may have caused the drop in Garmin's stock price.
• Investors are likely keeping a close eye on upcoming announcements and financial reports from Garmin to evaluate the company's growth prospects and potential effects on its stock performance.