GRMN Stock Forecast: Revenue Declines along with share price

GRMN Stock Forecast: Revenue Declines along with share price

GRMN Stock Forecast: The stock is expected to trade between $90.2 and $94.6. The overall recommendation is Hold.

July 29th

GRMN Stock Forecast: Latest Price

Stock Name 5 Days 1 Month 6 Months 1 Year
GRMN -9.37% -1.00% -21.2% -37.8%

GRMN Stock Forecast: Latest News

  • Garmin is expanding its fitness segment and has now introduced HRM-Pro Plus, equipped with ANT+ and BLUETOOTH Low Energy technology to transmit real-time heart rate data accurately.
  • Garmin introduced Edge Explore 2 and Edge Explore 2 Power Mount Bundle, their GPS cycling computers. This involves high battery life, clearer maps, and traffic data.
  • Garmin has also unveiled a Chartplotter and transducer bundle named LiveScope Plus Ice Fishing Bundle LI for hard-water fishing.

GRMN Stock Forecast: Latest Tweet

GRMN Stock Forecast: Today’s Outlook

Indicator Trend
Overall Outlook Negative
Market Data 
Market Cap Lower
Technical Buy
Trading Volume Higher
Crowd’s Wisdom 
Google Search Volume Lower
Social Media Sentiment Negative

GRMN Stock Forecast: Last quarter earnings summary

  • For the second quarter of 2022, GRMN recorded a revenue of $1.2 billion which represented a year-over-year decline of 6%
  • The earnings per share were $1.3, lower, as compared to the previous year at $1.6.
  • Cliff Pemble, President, and CEO of Garmin attributed the revenue decline to their underperformance in the fitness segment.
  • A record of more than 25,000  flight deck deliveries was made. Moreover, GRMN entered into a new product category of headsets for professional truck drivers.

GRMN Stock Forecast: Latest Video

Video not available for the day

GRMN Stock Forecast: Price Target

GRMN Stock Forecast: Google Trends

The search volume for GRMN stock is lower compared to yesterday.

GRMN Stock Forecast: Technicals

GRMN Stock Forecast: Social Media sentiments

7 Days 24 Hours Trends
Net Sentiments +19.2% +3.4% Lower

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GRMN Stock Forecast

Nandini Panchal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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