Garmin Stock Buzz Is Sending Investors Hunting For Hidden Wearable Technology Plays

Wearable technology is no longer just about sleek screens and fashion friendly bands. The recent surge in demand for Garmin fitness watches, helped by strong Q1 2026 fitness line sales of $547 million and a 42% rise in that segment, underlines how durability, battery life and reliable tracking can shape where money flows in this space. Growing running communities and data driven training habits are pulling more attention to this theme. This article breaks down 3 stocks that are closely exposed to this news and explains how the story around Garmin-style wearables could matter for your portfolio.

Tandem Group (AIM:TND)

Overview: Tandem Group is a UK based designer, distributor, and retailer of sports, leisure, mobility, and home and garden products, ranging from bicycles and electric bikes to toys and licensed wheeled products tied to major entertainment brands. Its portfolio spans own label and third party brands across cycling, outdoor play, golf, and homewares, giving it broad exposure to consumer spending on active and family lifestyles.

Operations: Tandem Group generates around £10.2 million from Toys, Sports and Leisure, £10.2 million from Bicycles including electric models, £3.0 million from Home and Garden, and £2.8 million from Golf, with the vast majority of its £26.2 million revenue coming from UK customers.

Market Cap: £9.7 million

Investors watching the Garmin wearables trend may find Tandem Group interesting because it already sells a wide mix of sports and leisure products, including fitness related tech. It currently trades on a P/E of 11.7x that is below the wider UK market and sector averages. The company has only recently moved back into profit after several years of declining earnings, and its low 3.3% Return on Equity and reliance on external borrowing raise questions about how durable that turnaround might be. At the same time, a new interim chair and ongoing board refresh point to potential change, while a recent 3 pence dividend signals confidence. The key consideration is whether this mix of low rating, changing governance and exposure to active lifestyle trends is an overlooked opportunity.

Tandem Group’s low P/E, fresh governance and recent dividend hint at a story the market may not be fully pricing in yet. Get the full picture, including how fitness and leisure trends feed into the analysis report for Tandem Group

Focusrite (AIM:TUNE)

Overview: Focusrite is a UK based audio company that develops, manufactures, and sells professional and creator focused music gear, from audio interfaces and software to synthesizers, studio monitors, and live sound systems. Its products serve everyone from bedroom producers and content creators to major venues and festivals across the Americas, EMEA, and Asia Pacific.

Operations: Focusrite generates most of its revenue from Focusrite Novation at about £83.3 million and Audio Reproduction at about £45.0 million, with additional contributions from ADAM Audio at about £25.3 million and Sequential at about £9.9 million.

Market Cap: £141.0 million

Focusrite sits at the intersection of two habits that often go together in real life: making content and staying active. As Garmin style wearables keep runners and gym goers plugged in for longer, Focusrite’s audio hardware and software can be part of the soundtrack for creators who record, mix, and listen through wireless and pro audio gear every day. The group is currently loss making and reported a £2.3 million loss for the 18 months to February 2026. Combined with a mixed picture on valuation and a balance sheet that leans on external borrowing, this is a business that may merit closer inspection rather than quick conclusions.

Focusrite’s stalled profitability and borrowing heavy balance sheet could be masking a more interesting story about how creator habits intersect with audio. Get the context and key numbers in the analysis report for Focusrite

GoPro (GPRO)

Overview: GoPro is a US based company that makes action cameras, mountable and wearable accessories, and content software that help people capture and share video of sports, fitness and everyday adventures. It also sells subscriptions that bundle cloud storage, editing tools and other services through its Quik app and GoPro.com platform.

Operations: GoPro currently generates about US$616.3 million in revenue, all from photographic equipment and supplies, with around US$302.7 million of total sales coming from the United States and the rest split across EMEA, APAC and other Americas.

Market Cap: US$118.7 million

GoPro sits close to the heart of the Garmin style trend because its cameras and mounts turn data heavy training sessions into video that can be shared across social and fitness platforms. Investors are weighing this opportunity against real pressure. GoPro is unprofitable, has reported larger recent losses and carries liabilities that exceed assets, and it now faces a Nasdaq minimum bid warning plus fresh secured borrowing of up to US$20 million. At the same time, the stock trades on a low P/S multiple compared with peers, the company remains a recognised brand in action capture, and management is exploring strategic alternatives. The question is how much hidden value might sit in the product ecosystem, partnerships and any potential corporate transaction.

GoPro’s low P/S and recognised brand could mean the market is missing how its ecosystem really stacks up against the risks. See how the full picture looks in the 1 key reward and 3 important warning signs (1 is major!)

The three wearable technology stocks in this article are just the starting point, with the full Wearable Technology screener surfacing 4 more companies that carry equally compelling narratives around health focused devices and data driven habits. Use Simply Wall St to identify and analyze the exact catalysts, financial quality markers, and storylines that matter most so you can focus on the highest conviction wearable tech opportunities.

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Seeking Fresh Alternatives Beyond Wearables

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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