Logitech International S.A. (NASDAQ: LOGI) has seen a decline in its stock price by -3.13 in relation to its previous close of 102.17. However, the company has experienced a -2.15% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-06-11 that Leaders in hybrid collaboration and technology create more realistic virtual connections for better meetings in the office. GRAND RAPIDS, MIich.
Is It Worth Investing in Logitech International S.A. (NASDAQ: LOGI) Right Now?
The price-to-earnings ratio for Logitech International S.A. (NASDAQ: LOGI) is 25.50x, which is above its average ratio. Moreover, the 36-month beta value for LOGI is 0.80. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for LOGI is 152.24M and currently, short sellers hold a 2.58% of that float. On June 14, 2024, LOGI’s average trading volume was 471.94K shares.
LOGI’s Market Performance
LOGI stock saw an increase of -2.15% in the past week, with a monthly gain of 11.74% and a quarterly increase of 4.49%. The volatility ratio for the week is 1.19%, and the volatility levels for the last 30 days are 1.59% for Logitech International S.A. (LOGI). The simple moving average for the last 20 days is 2.06% for LOGI stock, with a simple moving average of 16.91% for the last 200 days.
Analysts’ Opinion of LOGI
Many brokerage firms have already submitted their reports for LOGI stocks, with JP Morgan repeating the rating for LOGI by listing it as a “Neutral.” The predicted price for LOGI in the upcoming period, according to JP Morgan is $85 based on the research report published on May 01, 2024 of the current year 2024.
Morgan Stanley gave a rating of “Underweight” to LOGI, setting the target price at $75 in the report published on April 15th of the current year.
LOGI Trading at 11.76% 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 -3.53% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 1.19%, as shares surge +10.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.03% upper at present.
During the last 5 trading sessions, LOGI fell by -2.15%, which changed the moving average for the period of 200-days by +43.81% in comparison to the 20-day moving average, which settled at $97.46. In addition, Logitech International S.A. saw 4.11% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LOGI starting from BOYNTON CHARLES D, who purchase 1,225 shares at the price of $81.27 back on May 03 ’24. After this action, BOYNTON CHARLES D now owns 1,225 shares of Logitech International S.A., valued at $99,560 using the latest closing price.
Harnett Samantha, the CHIEF LEGAL OFFICER of Logitech International S.A., sale 100 shares at $88.18 during a trade that took place back on Apr 08 ’24, which means that Harnett Samantha is holding 11,710 shares at $8,818 based on the most recent closing price.
Stock Fundamentals for LOGI
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.41 for the gross margin
The net margin for Logitech International S.A. stands at 0.14. The total capital return value is set at 0.23. Equity return is now at value 27.26, with 17.09 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 14.71.
Currently, EBITDA for the company is 667.38 million with net debt to EBITDA at -2.13. When we switch over and look at the enterprise to sales, we see a ratio of 3.22. The receivables turnover for the company is 7.89for trailing twelve months and the total asset turnover is 1.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.42.
Conclusion
To wrap up, the performance of Logitech International S.A. (LOGI) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
