A share price of Logitech International S.A. [LOGI] is currently trading at $91.41, up 0.99%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LOGI shares have gain 5.88% over the last week, with a monthly amount glided 8.05%, and seem to be holding up well over a long-time horizon.
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On 8, March 2024, Logitech Celebrates International Women’s Day 2024. In a post published today on Yahoo Finance,
From an analyst’s perspective:
Previously, Citigroup downgraded its rating to Neutral on June 14, 2023, and dropped its price target to $70. On May 03, 2023, downgrade downgraded it’s rating to Sell. Morgan Stanley upgraded its rating to a Equal-Weight and increased its price target to $56 on May 01, 2023. Credit Suisse downgraded its rating to a Neutral. UBS downgraded its rating to Neutral for this stock on February 22, 2023. In a note dated February 21, 2023, UBS downgraded an Neutral rating on this stock.
Logitech International S.A. experienced fluctuations in its stock price throughout the past year between $51.65 and $96.66. Currently, Wall Street analysts expect the stock to reach $76.83 within the next 12 months. Logitech International S.A. [NASDAQ: LOGI] shares were valued at $91.41 at the most recent close of the market. An investor can expect a potential drop of -15.95% based on the average LOGI price forecast.
Analyzing the LOGI fundamentals
Trailing Twelve Months sales for Logitech International S.A. [NASDAQ:LOGI] were 4.25B which represents -1.14% decline. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.22 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 89.30 points at the first support level, and at 87.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 92.48, and for the 2nd resistance point, it is at 93.56.
Logitech International S.A. [LOGI] reported earnings per share of $1.53 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.16/share, meaning a difference of $0.37 and a surprise factor of 31.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.09 per share as compared to estimates of $0.6 per share, a difference of $0.49 representing a surprise of 81.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Logitech International S.A. [NASDAQ:LOGI] is 2.24. As well, the Quick Ratio is 1.87, while the Cash Ratio is 1.18. Considering the valuation of this stock, the price to sales ratio is 3.34, the price to book ratio is 6.47 and price to earnings (TTM) ratio is 29.82.
Transactions by insiders
Recent insider trading involved Harnett Samantha, CHIEF LEGAL OFFICER, that happened on Mar 11 ’24 when 100.0 shares were sold. CHIEF OPERATING OFFICER, Arunkundrum Prakash completed a deal on Feb 26 ’24 to sell 23023.0 shares. Meanwhile, CHIEF OPERATING OFFICER Arunkundrum Prakash sold 699.0 shares on Feb 23 ’24.
