The price-to-earnings ratio for Logitech International S.A (NASDAQ: LOGI) is above average at 17.43x. The 36-month beta value for LOGI is also noteworthy at 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 130.17M, and at present, short sellers hold a 4.03% of that float. The average trading volume of LOGI on November 15, 2024 was 552.22K shares.
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LOGI) stock’s latest price update
Logitech International S.A (NASDAQ: LOGI)’s stock price has plunge by 1.51relation to previous closing price of 77.07. Nevertheless, the company has seen a -3.54% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-11-14 that Logitech (LOGI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
LOGI’s Market Performance
Logitech International S.A (LOGI) has seen a -3.54% fall in stock performance for the week, with a -9.16% decline in the past month and a -13.29% plunge in the past quarter. The volatility ratio for the week is 1.53%, and the volatility levels for the past 30 days are at 2.02% for LOGI. The simple moving average for the last 20 days is -4.61% for LOGI stock, with a simple moving average of -11.41% 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 -7.50% 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 -23.74% of loss for the given period.
Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 1.53%, as shares sank -10.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.84% lower at present.
During the last 5 trading sessions, LOGI fell by -3.54%, which changed the moving average for the period of 200-days by -6.18% in comparison to the 20-day moving average, which settled at $82.02. In addition, Logitech International S.A saw -17.69% 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 GECHT GUY, who purchase 2,500 shares at the price of $81.12 back on Oct 24 ’24. After this action, GECHT GUY now owns 18,503 shares of Logitech International S.A, valued at $202,800 using the latest closing price.
BOYNTON CHARLES D, the Chief Financial Officer of Logitech International S.A, purchase 1,225 shares at $81.27 during a trade that took place back on May 03 ’24, which means that BOYNTON CHARLES D is holding 1,225 shares at $99,560 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 0.27. Equity return is now at value 33.40, with 19.79 for asset returns.
Currently, EBITDA for the company is 667.38 million with net debt to EBITDA at -1.68. When we switch over and look at the enterprise to sales, we see a ratio of 2.31. The receivables turnover for the company is 7.07for trailing twelve months and the total asset turnover is 1.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.21.
Conclusion
In summary, Logitech International S.A (LOGI) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
