Logitech International S.A. (NASDAQ: LOGI) has a price-to-earnings ratio of 20.36x that is above its average ratio. Additionally, the 36-month beta value for LOGI is 0.79. 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 152.21M and currently, short sellers hold a 2.74% ratio of that float. The average trading volume of LOGI on July 23, 2024 was 484.69K shares.
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LOGI) stock’s latest price update
The stock price of Logitech International S.A. (NASDAQ: LOGI) has dropped by -2.47 compared to previous close of 92.05. Despite this, the company has seen a fall of -2.93% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-23 that Logitech International S.A. (NASDAQ:LOGI ) Q1 2025 Earnings Conference Call July 23, 2024 8:30 AM ET Company Participants Nate Melihercik – Head of Global Investor Relations Hanneke Faber – Chief Executive Officer Meeta Sunderwala – Interim Chief Financial Officer Conference Call Participants Joern Iffert – UBS Ananda Baruah – Loop Capital Operator Good morning and good afternoon.
LOGI’s Market Performance
LOGI’s stock has fallen by -2.93% in the past week, with a monthly drop of -6.59% and a quarterly rise of 14.76%. The volatility ratio for the week is 1.77% while the volatility levels for the last 30 days are 1.54% for Logitech International S.A. The simple moving average for the past 20 days is -4.23% for LOGI’s stock, with a 2.33% simple moving average for the past 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 -5.26% 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 -12.49% of loss for the given period.
Volatility was left at 1.54%, however, over the last 30 days, the volatility rate increased by 1.77%, as shares sank -7.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.30% upper at present.
During the last 5 trading sessions, LOGI fell by -2.54%, which changed the moving average for the period of 200-days by +28.59% in comparison to the 20-day moving average, which settled at $93.37. In addition, Logitech International S.A. saw -5.56% 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 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:
- 0.15 for the present operating margin
- 0.42 for the gross margin
The net margin for Logitech International S.A. stands at 0.16. The total capital return value is set at 0.26. Equity return is now at value 30.89, with 19.40 for asset returns.
Currently, EBITDA for the company is 667.38 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 2.8. The receivables turnover for the company is 7.41for 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 2.39.
Conclusion
In conclusion, Logitech International S.A. (LOGI) has seen mixed 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.
