Logitech International S.A. (LOGI) Shares Plummet Below 1-Year High

Logitech International S.A. (NASDAQ: LOGI)’s stock price has plunge by -1.16relation to previous closing price of 79.00. Nevertheless, the company has seen a -10.67% plunge in its stock price over the last five trading sessions. Barrons reported 2024-04-15 that Morgan Stanley analyst Erik Woodring downgraded shares of computer-peripherals firm Logitech to Underweight from Equal Weight.

Is It Worth Investing in Logitech International S.A. (NASDAQ: LOGI) Right Now?

Logitech International S.A. (NASDAQ: LOGI) has a price-to-earnings ratio of 25.47x that is above its average ratio. Additionally, the 36-month beta value for LOGI is 0.78. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”

The public float for LOGI is 153.71M and currently, short sellers hold a 2.12% ratio of that float. The average trading volume of LOGI on April 19, 2024 was 474.67K shares.

LOGI’s Market Performance

The stock of Logitech International S.A. (LOGI) has seen a -10.67% decrease in the past week, with a -13.70% drop in the past month, and a -17.57% fall in the past quarter. The volatility ratio for the week is 2.40%, and the volatility levels for the past 30 days are at 1.79% for LOGI. The simple moving average for the past 20 days is -10.79% for LOGI’s stock, with a -2.32% simple moving average for the past 200 days.

Analysts’ Opinion of LOGI

Morgan Stanley, on the other hand, stated in their research note that they expect to see LOGI reach a price target of $75, previously predicting the price at $85. The rating they have provided for LOGI stocks is “Underweight” according to the report published on April 15th, 2024.

JP Morgan gave a rating of “Overweight” to LOGI, setting the target price at $70 in the report published on July 05th of the previous year.

LOGI Trading at -11.29% from the 50-Day Moving Average

After a stumble in the market that brought LOGI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.22% of loss for the given period.

Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 2.40%, as shares sank -13.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.11% lower at present.

During the last 5 trading sessions, LOGI fell by -10.67%, which changed the moving average for the period of 200-days by +33.04% in comparison to the 20-day moving average, which settled at $86.91. In addition, Logitech International S.A. saw -17.86% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at LOGI starting from Harnett Samantha, who sale 100 shares at the price of $88.18 back on Apr 08 ’24. After this action, Harnett Samantha now owns 11,710 shares of Logitech International S.A., valued at $8,818 using the latest closing price.

Harnett Samantha, the CHIEF LEGAL OFFICER of Logitech International S.A., sale 100 shares at $90.46 during a trade that took place back on Mar 11 ’24, which means that Harnett Samantha is holding 11,810 shares at $9,046 based on the most recent closing price.

Stock Fundamentals for LOGI

Current profitability levels for the company are sitting at:

  • 0.13 for the present operating margin
  • 0.4 for the gross margin

The net margin for Logitech International S.A. stands at 0.11. The total capital return value is set at 0.22. Equity return is now at value 21.85, with 13.14 for asset returns.

Based on Logitech International S.A. (LOGI), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 14.45. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -38.43.

Currently, EBITDA for the company is 628.33 million with net debt to EBITDA at -2.12. When we switch over and look at the enterprise to sales, we see a ratio of 2.54. The receivables turnover for the company is 5.73for trailing twelve months and the total asset turnover is 1.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.24.

Conclusion

In conclusion, Logitech International S.A. (LOGI) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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