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Edge 530, Stuck on Power On Screen and Shuts off when Unplugged

Have a nearly a-year-old Edge 530 and suddenly it stopped working. 530 cannot be opened until plugged in and when it is plugged in, it gets stuck during power on screen. A dead battery symbol and Garmin logo starts flashing and when I press the power on button for a second, the Edge starts rebooting to be functioning again until I unplugged the cable. When unplugged, Garmin shuts itself off forever.

Please someone advise when I lose myself to solve the problem.

Thanks in advance.